Travelzoo (NASDAQ:TZOO) Price Target Raised to $15.00 at Barrington Research

Travelzoo (NASDAQ:TZOO) had its price objective upped by Barrington Research from $12.00 to $15.00 in a report published on Tuesday morning, Benzinga reports. They currently have an outperform rating on the information services provider’s stock.

A number of other brokerages also recently weighed in on TZOO. Ascendiant Capital Markets boosted their price target on Travelzoo from $17.00 to $18.00 and gave the company a “buy” rating in a report on Monday, August 19th. Litchfield Hills Research initiated coverage on shares of Travelzoo in a report on Wednesday, September 4th. They set a “buy” rating and a $35.00 target price on the stock. Finally, StockNews.com raised shares of Travelzoo from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 25th.

Travelzoo Trading Up 2.9 %

TZOO stock opened at $12.93 on Tuesday. The company has a market capitalization of $169.36 million, a P/E ratio of 14.21 and a beta of 1.74. The firm has a 50 day simple moving average of $12.52 and a 200-day simple moving average of $9.94. Travelzoo has a twelve month low of $4.77 and a twelve month high of $15.23.

Travelzoo (NASDAQ:TZOO) last issued its earnings results on Thursday, July 25th. The information services provider reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The business had revenue of $21.14 million for the quarter, compared to analyst estimates of $21.58 million. Travelzoo had a net margin of 15.59% and a return on equity of 170.06%. During the same quarter in the prior year, the business posted $0.17 EPS. On average, research analysts predict that Travelzoo will post 0.97 EPS for the current year.

Insider Buying and Selling

In other Travelzoo news, CEO Holger Bartel sold 13,466 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $10.19, for a total value of $137,218.54. Following the sale, the chief executive officer now directly owns 302,534 shares in the company, valued at approximately $3,082,821.46. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Holger Bartel sold 13,466 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $10.19, for a total transaction of $137,218.54. Following the completion of the transaction, the chief executive officer now owns 302,534 shares in the company, valued at approximately $3,082,821.46. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Azzurro Capital Inc sold 15,000 shares of Travelzoo stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $14.72, for a total transaction of $220,800.00. Following the completion of the sale, the insider now owns 4,960,196 shares in the company, valued at approximately $73,014,085.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 379,254 shares of company stock worth $4,459,596 in the last three months. 57.45% of the stock is owned by insiders.

Hedge Funds Weigh In On Travelzoo

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. bought a new stake in Travelzoo during the 2nd quarter valued at $82,000. Ritholtz Wealth Management acquired a new stake in Travelzoo in the second quarter worth about $82,000. Fermata Advisors LLC bought a new position in Travelzoo in the 2nd quarter valued at about $101,000. O Shaughnessy Asset Management LLC acquired a new position in Travelzoo during the 1st quarter valued at about $132,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in Travelzoo during the 1st quarter valued at about $277,000. 27.39% of the stock is owned by institutional investors.

Travelzoo Company Profile

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.