Travelzoo FY2024 EPS Estimate Increased by Noble Financial

Travelzoo (NASDAQ:TZOO) – Noble Financial raised their FY2024 earnings per share estimates for shares of Travelzoo in a note issued to investors on Thursday, October 24th. Noble Financial analyst M. Kupinski now forecasts that the information services provider will earn $1.07 per share for the year, up from their previous estimate of $0.89. The consensus estimate for Travelzoo’s current full-year earnings is $0.97 per share.

Travelzoo (NASDAQ:TZOO) last announced its earnings results on Wednesday, October 23rd. The information services provider reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.06. Travelzoo had a net margin of 15.59% and a return on equity of 170.06%. The business had revenue of $20.10 million for the quarter, compared to the consensus estimate of $21.15 million. During the same quarter in the prior year, the firm posted $0.16 earnings per share.

Several other equities research analysts also recently weighed in on TZOO. StockNews.com downgraded Travelzoo from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 23rd. Barrington Research lifted 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 initiated coverage on shares of Travelzoo in a report on Wednesday, September 4th. They issued a “buy” rating and a $35.00 price target on the stock. Finally, Ascendiant Capital Markets lifted their price objective on shares of Travelzoo from $17.00 to $18.00 and gave the company a “buy” rating in a report on Monday, August 19th.

Travelzoo Price Performance

Shares of NASDAQ TZOO opened at $15.41 on Monday. Travelzoo has a 1 year low of $6.57 and a 1 year high of $15.71. The firm has a 50-day simple moving average of $12.75 and a two-hundred day simple moving average of $10.08. The company has a market cap of $201.84 million, a P/E ratio of 16.93 and a beta of 1.74.

Travelzoo announced that its Board of Directors has approved a share buyback plan on Wednesday, October 23rd that permits the company to repurchase 1,000,000 outstanding shares. This repurchase authorization permits the information services provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Travelzoo

In other news, major shareholder Azzurro Capital Inc sold 22,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $10.16, for a total value of $228,600.00. Following the completion of the sale, the insider now owns 5,037,371 shares of the company’s stock, valued at approximately $51,179,689.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, General Counsel Christina Sindoni Ciocca sold 12,288 shares of Travelzoo stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $14.35, for a total value of $176,332.80. Following the transaction, the general counsel now directly owns 44,623 shares in the company, valued at approximately $640,340.05. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Azzurro Capital Inc sold 22,500 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $10.16, for a total value of $228,600.00. Following the completion of the transaction, the insider now directly owns 5,037,371 shares of the company’s stock, valued at approximately $51,179,689.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 419,254 shares of company stock valued at $5,071,496 in the last ninety days. Corporate insiders own 57.45% of the company’s stock.

Institutional Trading of Travelzoo

Several hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC raised its stake in 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 last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Travelzoo by 169.5% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 127,186 shares of the information services provider’s stock worth $1,533,000 after buying an additional 79,990 shares during the last quarter. ClariVest Asset Management LLC lifted its position in Travelzoo by 2.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 97,730 shares of the information services provider’s stock worth $742,000 after acquiring an additional 2,732 shares during the period. Ritholtz Wealth Management grew its stake in Travelzoo by 217.4% during the 3rd quarter. Ritholtz Wealth Management now owns 34,453 shares of the information services provider’s stock valued at $415,000 after purchasing an additional 23,599 shares during the last quarter. Finally, Fermata Advisors LLC acquired a new position in shares of Travelzoo in the second quarter valued at about $101,000. 27.39% of the stock is owned by hedge funds and other 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.