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

StockNews.com cut shares of Travelzoo (NASDAQ:TZOO) from a strong-buy rating to a buy rating in a report published on Wednesday morning.

Separately, Barrington Research dropped their price objective on shares of Travelzoo from $14.00 to $12.00 and set an outperform rating on the stock in a research report on Wednesday, April 24th.

Travelzoo Trading Down 0.8 %

NASDAQ TZOO opened at $7.82 on Wednesday. The firm’s fifty day moving average price is $8.40 and its two-hundred day moving average price is $9.07. Travelzoo has a 1 year low of $4.77 and a 1 year high of $11.23. The firm has a market capitalization of $102.44 million, a P/E ratio of 8.59 and a beta of 1.68.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings results on Wednesday, April 24th. The information services provider reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.02. Travelzoo had a net margin of 15.24% and a return on equity of 140.63%. The firm had revenue of $21.99 million for the quarter, compared to analyst estimates of $23.72 million. On average, research analysts anticipate that Travelzoo will post 0.92 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Azzurro Capital Inc sold 17,500 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $7.71, for a total value of $134,925.00. Following the transaction, the insider now directly owns 5,142,371 shares of the company’s stock, valued at $39,647,680.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 42,500 shares of company stock valued at $344,225 over the last ninety days. 47.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Travelzoo

Several institutional investors and hedge funds have recently modified their holdings of TZOO. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Travelzoo in the third quarter valued at about $82,000. O Shaughnessy Asset Management LLC acquired a new position in shares of Travelzoo in the first quarter valued at about $132,000. Hillsdale Investment Management Inc. acquired a new position in shares of Travelzoo in the fourth quarter valued at about $171,000. Janiczek Wealth Management LLC acquired a new position in shares of Travelzoo in the fourth quarter valued at about $275,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in shares of Travelzoo in the first quarter valued at about $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.