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

StockNews.com cut shares of Travelzoo (NASDAQ:TZOO) from a strong-buy rating to a buy rating in a research report released on Wednesday.

TZOO has been the topic of a number of other research reports. Litchfield Hills Research started coverage on Travelzoo in a research report on Wednesday, September 4th. They issued a “buy” rating and a $35.00 price objective on the stock. Barrington Research raised their price target on 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 boosted their price objective on Travelzoo from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, August 19th.

Travelzoo Stock Up 2.5 %

TZOO stock opened at $15.41 on Wednesday. The stock has a 50-day simple moving average of $12.75 and a two-hundred day simple moving average of $10.07. Travelzoo has a twelve month low of $6.57 and a twelve month high of $15.71. The firm has a market capitalization of $201.84 million, a PE ratio of 16.93 and a beta of 1.74.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings data on Wednesday, October 23rd. The information services provider reported $0.26 EPS 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 company had revenue of $20.10 million during the quarter, compared to analysts’ expectations of $21.15 million. During the same quarter in the previous year, the company earned $0.16 earnings per share. On average, equities research analysts anticipate that Travelzoo will post 0.97 EPS for the current fiscal year.

Travelzoo announced that its board has authorized a share buyback plan on Wednesday, October 23rd that permits the company to buyback 1,000,000 outstanding shares. This buyback authorization permits the information services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, major shareholder Azzurro Capital Inc sold 22,500 shares of the stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $10.16, for a total transaction of $228,600.00. Following the transaction, the insider now directly owns 5,037,371 shares in the company, 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 can be accessed through this link. In other Travelzoo 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 stock was 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 $51,179,689.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Holger Bartel sold 13,466 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $10.19, for a total transaction of $137,218.54. Following the transaction, the chief executive officer now owns 302,534 shares in the company, valued at $3,082,821.46. 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 over the last 90 days. Insiders own 57.45% of the company’s stock.

Institutional Trading of Travelzoo

Several hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. bought a new position in shares of Travelzoo during the second quarter valued at about $82,000. Ritholtz Wealth Management bought a new position in Travelzoo during the 2nd quarter worth approximately $82,000. Fermata Advisors LLC purchased a new position in Travelzoo in the 2nd quarter worth approximately $101,000. O Shaughnessy Asset Management LLC bought a new stake in Travelzoo in the first quarter valued at approximately $132,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Travelzoo during the first quarter valued at approximately $277,000. 27.39% of the stock is owned by 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.