Travelzoo (NASDAQ:TZOO) Rating Lowered to “Buy” at StockNews.com

StockNews.com cut shares of Travelzoo (NASDAQ:TZOO) from a strong-buy rating to a buy rating in a research note issued to investors on Friday morning.

Several other equities analysts have also recently issued reports on the stock. Barrington Research boosted their price objective on shares of Travelzoo from $12.00 to $15.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Litchfield Hills Research began 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. Finally, Ascendiant Capital Markets boosted their price objective 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 Price Performance

Shares of Travelzoo stock opened at $17.52 on Friday. The firm’s fifty day simple moving average is $13.25 and its 200-day simple moving average is $10.36. The stock has a market capitalization of $215.32 million, a price-to-earnings ratio of 16.37 and a beta of 1.69. Travelzoo has a 12 month low of $7.12 and a 12 month high of $18.22.

Travelzoo (NASDAQ:TZOO) last announced its earnings results on Wednesday, October 23rd. The information services provider reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. The business had revenue of $20.10 million for the quarter, compared to analysts’ expectations of $21.15 million. Travelzoo had a net margin of 16.67% and a return on equity of 174.97%. During the same period in the previous year, the company posted $0.16 EPS. Analysts anticipate that Travelzoo will post 1.09 earnings per share for the current year.

Travelzoo announced that its Board of Directors has approved a stock repurchase program on Wednesday, October 23rd that authorizes the company to buyback 1,000,000 outstanding shares. This buyback authorization authorizes the information services provider to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In related news, major shareholder Azzurro Capital Inc sold 15,000 shares of the business’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 sale, the insider now directly owns 5,018,871 shares in the company, valued at $52,698,145.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Holger Bartel sold 30,000 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $12.26, for a total transaction of $367,800.00. Following the completion of the transaction, the chief executive officer now owns 230,000 shares of the company’s stock, valued at $2,819,800. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Azzurro Capital Inc sold 15,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $10.50, for a total transaction of $157,500.00. Following the sale, the insider now directly owns 5,018,871 shares of the company’s stock, valued at approximately $52,698,145.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 449,788 shares of company stock worth $5,890,083. Corporate insiders own 57.45% of the company’s stock.

Hedge Funds Weigh In On Travelzoo

Several institutional investors and hedge funds have recently made changes to their positions in the business. American Century Companies Inc. bought a new position in Travelzoo during the second quarter worth $82,000. Ritholtz Wealth Management bought a new position in Travelzoo during the second quarter worth $82,000. Fermata Advisors LLC bought a new position in Travelzoo during the second quarter worth $101,000. O Shaughnessy Asset Management LLC bought a new position in Travelzoo during the first quarter worth $132,000. Finally, Hennion & Walsh Asset Management Inc. bought a new position in Travelzoo during the first quarter worth $277,000. 27.39% of the stock is currently owned by hedge funds and other 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.