Ascendiant Capital Markets Issues Positive Forecast for Travelzoo (NASDAQ:TZOO) Stock Price

Travelzoo (NASDAQ:TZOO) had its price target hoisted by Ascendiant Capital Markets from $18.00 to $23.00 in a report issued on Monday,Benzinga reports. They currently have a buy rating on the information services provider’s stock.

Other equities research analysts have also recently issued research reports about the stock. Litchfield Hills Research assumed coverage on shares of Travelzoo in a report on Wednesday, September 4th. They set a “buy” rating and a $35.00 target price on the stock. StockNews.com cut shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a report on Friday, November 1st. Finally, Barrington Research boosted their target price on shares of Travelzoo from $12.00 to $15.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd.

Travelzoo Trading Up 13.5 %

NASDAQ:TZOO opened at $19.37 on Monday. The stock has a market capitalization of $238.06 million, a PE ratio of 18.10 and a beta of 1.69. The firm’s 50 day moving average is $13.94 and its 200 day moving average is $10.73. Travelzoo has a 12 month low of $7.12 and a 12 month high of $19.47.

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

Travelzoo declared that its board has authorized a stock repurchase program on Wednesday, October 23rd that permits the company to repurchase 1,000,000 outstanding shares. This repurchase authorization permits the information services provider to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Insider Transactions at Travelzoo

In other news, major shareholder Azzurro Capital Inc sold 27,500 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $17.38, for a total value of $477,950.00. Following the transaction, the insider now owns 4,647,696 shares of the company’s stock, valued at approximately $80,776,956.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, General Counsel Christina Sindoni Ciocca sold 12,288 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $14.35, for a total value of $176,332.80. Following the completion of the transaction, the general counsel now directly owns 44,623 shares in the company, valued at approximately $640,340.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Azzurro Capital Inc sold 27,500 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $17.38, for a total transaction of $477,950.00. Following the completion of the transaction, the insider now owns 4,647,696 shares of the company’s stock, valued at $80,776,956.48. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 434,788 shares of company stock valued at $5,732,583. 57.45% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hennion & Walsh Asset Management Inc. grew its position 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 worth $1,533,000 after acquiring an additional 79,990 shares in the last quarter. Acadian Asset Management LLC grew its position in Travelzoo by 9.7% in 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 in the last quarter. O Shaughnessy Asset Management LLC purchased a new position in Travelzoo in the first quarter worth $132,000. Ritholtz Wealth Management raised 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 worth $415,000 after buying an additional 23,599 shares in the last quarter. Finally, American Century Companies Inc. bought a new position in Travelzoo in the second quarter worth about $82,000. 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.