Travelzoo (NASDAQ:TZOO) Stock Price Expected to Rise, Ascendiant Capital Markets Analyst Says

Travelzoo (NASDAQ:TZOO) had its price objective raised by stock analysts at Ascendiant Capital Markets from $18.00 to $23.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the information services provider’s stock. Ascendiant Capital Markets’ price target indicates a potential upside of 20.10% from the stock’s previous close.

TZOO has been the subject of a number of other research reports. StockNews.com cut shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 1st. Litchfield Hills Research started coverage on Travelzoo in a research report on Wednesday, September 4th. They set a “buy” rating and a $35.00 price target on the stock. Finally, Barrington Research boosted their price objective on Travelzoo from $12.00 to $15.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd.

Travelzoo Trading Down 1.1 %

NASDAQ:TZOO opened at $19.15 on Monday. The firm has a market capitalization of $235.35 million, a price-to-earnings ratio of 17.90 and a beta of 1.69. The business’s 50-day moving average price is $14.10 and its two-hundred day moving average price is $10.81. Travelzoo has a 1-year low of $7.12 and a 1-year high of $19.47.

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

Travelzoo declared that its board has initiated a share 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 reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Travelzoo

In related news, CEO Holger Bartel sold 20,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 260,000 shares in the company, valued at approximately $3,096,600. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Holger Bartel sold 20,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $11.91, for a total value of $238,200.00. Following the sale, the chief executive officer now 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 SEC, which can be accessed through the SEC website. Also, major shareholder Azzurro Capital Inc sold 15,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $14.72, for a total transaction of $220,800.00. Following the completion of the transaction, the insider now directly owns 4,960,196 shares of the company’s stock, valued at approximately $73,014,085.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 547,288 shares of company stock valued at $7,729,608 in the last 90 days. 57.45% of the stock is currently owned by company insiders.

Institutional Trading of Travelzoo

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. grew its stake in 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 valued at $1,533,000 after purchasing an additional 79,990 shares in the last quarter. Acadian Asset Management LLC increased its holdings in Travelzoo by 9.7% during the first quarter. Acadian Asset Management LLC now owns 535,786 shares of the information services provider’s stock worth $5,451,000 after buying an additional 47,352 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new stake in Travelzoo during the first quarter worth $132,000. Ritholtz Wealth Management lifted its stake in Travelzoo by 217.4% in the third quarter. Ritholtz Wealth Management now owns 34,453 shares of the information services provider’s stock valued at $415,000 after acquiring an additional 23,599 shares during the last quarter. Finally, American Century Companies Inc. bought a new position in shares of Travelzoo in the 2nd quarter valued at about $82,000. Institutional investors and hedge funds own 27.39% of the company’s stock.

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.