StockNews.com Downgrades Travelzoo (NASDAQ:TZOO) to Buy

Travelzoo (NASDAQ:TZOO) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Friday.

A number of other equities analysts have also commented on the company. Litchfield Hills Research initiated coverage on Travelzoo in a research note on Wednesday, September 4th. They issued a “buy” rating and a $35.00 price objective on the stock. Barrington Research increased their price target on shares of Travelzoo from $12.00 to $15.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Finally, Ascendiant Capital Markets increased their target price on shares of Travelzoo from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, August 19th.

Travelzoo Stock Down 1.3 %

Shares of NASDAQ:TZOO opened at $17.10 on Friday. The company has a market cap of $210.16 million, a P/E ratio of 15.98 and a beta of 1.74. Travelzoo has a 12-month low of $6.80 and a 12-month high of $17.83. The company’s fifty day moving average is $13.03 and its two-hundred day moving average is $10.23.

Travelzoo (NASDAQ:TZOO) last released its quarterly earnings data on Wednesday, October 23rd. The information services provider reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. The firm 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 firm earned $0.16 earnings per share. Equities research analysts anticipate that Travelzoo will post 1.07 earnings per share for the current year.

Travelzoo declared that its board has authorized a stock repurchase program on Wednesday, October 23rd that authorizes the company to repurchase 1,000,000 shares. This repurchase authorization authorizes the information services provider to buy shares of its stock through open market purchases. Stock repurchase programs are generally 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 firm’s 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 transaction, the insider now owns 5,018,871 shares in the company, valued at $52,698,145.50. This trade 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 available at the SEC website. In related news, CEO Holger Bartel sold 20,000 shares of Travelzoo stock in a transaction on Friday, August 16th. The stock was sold at an average price of $11.91, for a total transaction of $238,200.00. Following the completion of the sale, the chief executive officer now directly owns 260,000 shares of the company’s stock, valued at $3,096,600. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Azzurro Capital Inc sold 15,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $10.50, for a total value of $157,500.00. Following the completion of the sale, the insider now owns 5,018,871 shares of the company’s stock, valued at $52,698,145.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 453,288 shares of company stock valued at $5,922,703. 47.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Travelzoo

A number of hedge funds and other institutional investors have recently made changes to their positions in TZOO. American Century Companies Inc. bought a new position in Travelzoo in the second quarter valued at approximately $82,000. Ritholtz Wealth Management acquired a new position in shares of Travelzoo during the second quarter worth about $82,000. O Shaughnessy Asset Management LLC bought a new position in shares of Travelzoo during the first quarter worth about $132,000. Fermata Advisors LLC bought a new position in shares of Travelzoo during the second quarter worth about $101,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in Travelzoo in the 1st quarter valued at approximately $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.