Travelzoo (NASDAQ:TZOO) Lowered to Buy Rating by StockNews.com

Travelzoo (NASDAQ:TZOO) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Friday.

Several other equities research analysts have also weighed in on the company. Barrington Research raised their target price on Travelzoo from $12.00 to $15.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Litchfield Hills Research began coverage on Travelzoo in a research report on Wednesday, September 4th. They set a “buy” rating and a $35.00 target price on the stock. Finally, Ascendiant Capital Markets boosted their price target on Travelzoo from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, August 19th.

Travelzoo Stock Performance

Shares of TZOO opened at $17.59 on Friday. The stock has a 50-day simple moving average of $13.25 and a 200-day simple moving average of $10.34. The stock has a market capitalization of $216.18 million, a PE ratio of 16.44 and a beta of 1.69. Travelzoo has a 1 year low of $7.04 and a 1 year high of $18.22.

Travelzoo (NASDAQ:TZOO) last announced its quarterly earnings data on Wednesday, October 23rd. The information services provider reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.06. The business had revenue of $20.10 million during the quarter, compared to analysts’ expectations of $21.15 million. Travelzoo had a return on equity of 174.97% and a net margin of 16.67%. During the same quarter last year, the business posted $0.16 EPS. Analysts predict that Travelzoo will post 1.09 EPS for the current year.

Travelzoo announced that its Board of Directors has approved a stock buyback program on Wednesday, October 23rd that permits the company to buyback 1,000,000 shares. This buyback authorization permits the information services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In related news, major shareholder Azzurro Capital Inc sold 15,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $10.50, for a total value of $157,500.00. Following the completion of the transaction, the insider now owns 5,018,871 shares of the company’s stock, valued at approximately $52,698,145.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Travelzoo news, major shareholder Azzurro Capital Inc sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $10.50, for a total transaction of $157,500.00. Following the sale, the insider now owns 5,018,871 shares in the company, valued at $52,698,145.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Holger Bartel sold 100,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $11.44, for a total value of $1,144,000.00. Following the sale, the chief executive officer now owns 100,000 shares in the company, valued at $1,144,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 453,288 shares of company stock worth $5,922,703 over the last three months. 57.45% of the stock is owned by insiders.

Institutional Trading of Travelzoo

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

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.