Travelzoo (NASDAQ:TZOO) Given New $17.00 Price Target at Barrington Research

Travelzoo (NASDAQ:TZOO) had its target price cut by Barrington Research from $25.00 to $17.00 in a research report released on Tuesday morning,Benzinga reports. They currently have an outperform rating on the information services provider’s stock.

Several other equities analysts have also weighed in on TZOO. StockNews.com lowered Travelzoo from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 1st. Ascendiant Capital Markets upped their price target on Travelzoo from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, November 11th.

Travelzoo Price Performance

Shares of NASDAQ:TZOO opened at $14.07 on Tuesday. The stock has a market cap of $166.08 million, a price-to-earnings ratio of 13.15 and a beta of 1.70. The company has a 50 day moving average of $20.26 and a 200-day moving average of $16.94. Travelzoo has a one year low of $7.12 and a one year high of $24.85.

Travelzoo (NASDAQ:TZOO) last released its earnings results on Wednesday, February 26th. The information services provider reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. During the same quarter last year, the firm posted $0.23 earnings per share. Equities research analysts anticipate that Travelzoo will post 1.09 earnings per share for the current year.

Insider Activity at Travelzoo

In related news, major shareholder Azzurro Capital Inc sold 20,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $19.60, for a total transaction of $392,000.00. Following the completion of the sale, the insider now directly owns 4,442,696 shares of the company’s stock, valued at approximately $87,076,841.60. This represents a 0.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Holger Bartel sold 23,057 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $19.73, for a total transaction of $454,914.61. Following the sale, the chief executive officer now owns 4,000 shares in the company, valued at $78,920. This trade represents a 85.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 47.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Travelzoo

Several large investors have recently made changes to their positions in the stock. Tidal Investments LLC acquired a new position in Travelzoo in the 4th quarter worth $710,000. State of Wyoming bought a new position in shares of Travelzoo during the 4th quarter worth approximately $171,000. Man Group plc bought a new position in Travelzoo during the fourth quarter worth $475,000. OMERS ADMINISTRATION Corp acquired a new position in Travelzoo in the 4th quarter valued at about $501,000. Finally, Millennium Management LLC grew its position in shares of Travelzoo by 528.4% in the fourth quarter. Millennium Management LLC now owns 77,307 shares of the information services provider’s stock valued at $1,542,000 after purchasing an additional 65,004 shares during the last quarter. Institutional investors own 27.39% of the company’s stock.

About Travelzoo

Travelzoo, together with its subsidiaries, operates as an Internet media company that provides travel, entertainment, and local experiences worldwide. It operates in four segments: Travelzoo North America, Travelzoo Europe, Jack's Flight Club, and New Initiatives. The company offers Travelzoo website, Travelzoo Top 20 email newsletters, Standalone email newsletters, Travelzoo Network, Travelzoo mobile applications, Jack's Flight Club website, Jack's Flight Club mobile applications, and Jack's Flight Club newsletters.