Travelzoo (NASDAQ:TZOO) Rating Increased to Strong-Buy at StockNews.com

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

A number of other research firms have also recently weighed in on TZOO. Litchfield Hills Research began coverage on Travelzoo in a report on Wednesday. They set a “buy” rating and a $35.00 price target for the company. Ascendiant Capital Markets lifted their target price on Travelzoo from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, August 19th. Finally, Barrington Research reissued an “outperform” rating and issued a $12.00 target price on shares of Travelzoo in a research note on Friday, July 26th. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $21.67.

Travelzoo Price Performance

TZOO stock opened at $11.10 on Wednesday. The business has a fifty day moving average price of $9.89 and a 200 day moving average price of $9.24. Travelzoo has a fifty-two week low of $4.77 and a fifty-two week high of $12.59. The stock has a market capitalization of $136.42 million, a price-to-earnings ratio of 12.20 and a beta of 1.74.

Travelzoo (NASDAQ:TZOO) last released its quarterly earnings results on Thursday, July 25th. The information services provider reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. Travelzoo had a return on equity of 170.06% and a net margin of 15.59%. The firm had revenue of $21.14 million during the quarter, compared to analysts’ expectations of $21.58 million. During the same period last year, the firm posted $0.17 EPS. On average, equities analysts expect that Travelzoo will post 0.95 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Holger Bartel sold 20,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $11.91, for a total value of $238,200.00. Following the transaction, the chief executive officer now directly owns 260,000 shares in the company, valued at approximately $3,096,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Azzurro Capital Inc sold 5,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $7.82, for a total value of $39,100.00. Following the transaction, the insider now directly owns 5,114,871 shares in the company, valued at approximately $39,998,291.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Holger Bartel sold 20,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $11.91, for a total value of $238,200.00. Following the completion of the transaction, the chief executive officer now owns 260,000 shares in the company, valued at $3,096,600. The disclosure for this sale can be found here. In the last ninety days, insiders sold 149,466 shares of company stock valued at $1,510,039. Company insiders own 57.45% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jump Financial LLC lifted its holdings in Travelzoo by 46.4% during the fourth quarter. Jump Financial LLC now owns 30,900 shares of the information services provider’s stock worth $294,000 after acquiring an additional 9,800 shares in the last quarter. Hillsdale Investment Management Inc. bought a new stake in Travelzoo during the 4th quarter worth approximately $171,000. Quadrature Capital Ltd acquired a new stake in Travelzoo during the 4th quarter worth approximately $445,000. Hennion & Walsh Asset Management Inc. bought a new position in Travelzoo in the first quarter valued at approximately $277,000. Finally, Acadian Asset Management LLC boosted its holdings in shares of Travelzoo by 9.7% in the first quarter. Acadian Asset Management LLC now owns 535,786 shares of the information services provider’s stock valued at $5,451,000 after buying an additional 47,352 shares during the period. 27.39% of the stock is currently owned by institutional investors.

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.