Travelzoo (TZOO) Projected to Post Quarterly Earnings on Wednesday

Travelzoo (NASDAQ:TZOO) is anticipated to announce its earnings results before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.26 per share and revenue of $22.06 million for the quarter.

Travelzoo Stock Performance

TZOO stock opened at $20.81 on Wednesday. The company has a market capitalization of $245.56 million, a P/E ratio of 19.45 and a beta of 1.70. Travelzoo has a 52-week low of $7.12 and a 52-week high of $24.85. The business has a 50-day simple moving average of $20.51 and a two-hundred day simple moving average of $16.68.

Travelzoo declared that its board has initiated a share repurchase plan on Wednesday, October 23rd that authorizes the company to buyback 1,000,000 shares. This buyback authorization authorizes the information services provider to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.

Insider Transactions at Travelzoo

In related news, CEO Holger Bartel sold 23,057 shares of Travelzoo stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $19.73, for a total value of $454,914.61. Following the sale, the chief executive officer now owns 4,000 shares of the company’s stock, valued at approximately $78,920. The trade was a 85.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Azzurro Capital Inc sold 20,000 shares of Travelzoo stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $19.60, for a total transaction of $392,000.00. Following the completion of the sale, the insider now directly owns 4,442,696 shares in the company, valued at $87,076,841.60. This trade represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 57.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TZOO shares. Barrington Research lifted their price target on Travelzoo from $12.00 to $15.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Ascendiant Capital Markets boosted their target price on Travelzoo from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, StockNews.com downgraded Travelzoo from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 1st.

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.