Travelzoo (NASDAQ:TZOO) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Travelzoo (NASDAQ:TZOO)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.15 and traded as high as $18.73. Travelzoo shares last traded at $18.47, with a volume of 121,166 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TZOO. Barrington Research raised their target price on Travelzoo from $12.00 to $15.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Ascendiant Capital Markets lifted their target price on shares of Travelzoo from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. StockNews.com lowered shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a report on Friday, November 1st. Finally, Litchfield Hills Research assumed coverage on shares of Travelzoo in a research note on Wednesday, September 4th. They issued a “buy” rating and a $35.00 price objective on the stock.

Travelzoo Trading Up 2.0 %

The business has a fifty day moving average price of $14.73 and a 200-day moving average price of $11.15. The stock has a market capitalization of $218.02 million, a PE ratio of 17.26 and a beta of 1.69.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings results on Wednesday, October 23rd. The information services provider reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.06. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. The business had revenue of $20.10 million during the quarter, compared to analyst estimates of $21.15 million. During the same period in the prior year, the business posted $0.16 earnings per share. On average, equities analysts anticipate that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Travelzoo announced that its board has authorized a stock repurchase program on Wednesday, October 23rd that authorizes the company to repurchase 1,000,000 outstanding shares. This repurchase authorization authorizes the information services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Travelzoo

In related news, General Counsel Christina Sindoni Ciocca sold 12,288 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $14.35, for a total value of $176,332.80. Following the sale, the general counsel now directly owns 44,623 shares in the company, valued at approximately $640,340.05. The trade was a 21.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Azzurro Capital Inc sold 52,500 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $18.29, for a total transaction of $960,225.00. Following the transaction, the insider now owns 4,492,696 shares of the company’s stock, valued at $82,171,409.84. This trade represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 497,288 shares of company stock valued at $7,123,608 in the last quarter. 47.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Travelzoo

Large investors have recently bought and sold shares of the business. Acadian Asset Management LLC increased its position in shares of 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 acquiring an additional 47,352 shares during the period. Hennion & Walsh Asset Management Inc. raised its position in Travelzoo by 169.5% during the 3rd 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. ClariVest Asset Management LLC lifted its holdings in shares of Travelzoo by 2.9% in the 2nd quarter. ClariVest Asset Management LLC now owns 97,730 shares of the information services provider’s stock worth $742,000 after buying an additional 2,732 shares during the period. Geode Capital Management LLC grew its position in shares of Travelzoo by 10.6% during the 3rd quarter. Geode Capital Management LLC now owns 82,241 shares of the information services provider’s stock worth $991,000 after buying an additional 7,857 shares in the last quarter. Finally, Ritholtz Wealth Management increased its stake in shares of Travelzoo by 217.4% during the third quarter. Ritholtz Wealth Management now owns 34,453 shares of the information services provider’s stock valued at $415,000 after buying an additional 23,599 shares during the period. Hedge funds and other institutional investors own 27.39% of the company’s stock.

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.