Travelzoo Inc. (TZOO) Receives Average Recommendation of “Hold” from Brokerages
Shares of Travelzoo Inc. (NASDAQ:TZOO) have earned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Brokers have set a one year consensus target price of $10.00 for the company, according to Zacks. Zacks has also given Travelzoo an industry rank of 55 out of 265 based on the ratings given to related companies.
Separately, TheStreet raised shares of Travelzoo from a “d+” rating to a “c-” rating in a report on Monday, May 1st.
Shares of Travelzoo (NASDAQ:TZOO) traded down 1.214% during trading on Wednesday, reaching $11.064. 6,783 shares of the company’s stock were exchanged. The stock has a market capitalization of $145.20 million, a price-to-earnings ratio of 20.797 and a beta of 1.46. Travelzoo has a 52 week low of $8.05 and a 52 week high of $13.27. The stock has a 50 day moving average price of $10.58 and a 200-day moving average price of $9.77.
Travelzoo (NASDAQ:TZOO) last released its quarterly earnings results on Thursday, April 27th. The information services provider reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by $0.06. The company had revenue of $28.40 million for the quarter, compared to analyst estimates of $32.88 million. Travelzoo had a return on equity of 28.08% and a net margin of 6.00%. The firm’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.14 EPS. Analysts predict that Travelzoo will post $0.20 earnings per share for the current year.
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In other news, major shareholder Azzurro Capital Inc sold 59,688 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $10.92, for a total transaction of $651,792.96. Following the completion of the transaction, the insider now owns 7,410,925 shares of the company’s stock, valued at $80,927,301. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ralph Bartel sold 2,500 shares of the business’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $10.78, for a total transaction of $26,950.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 211,036 shares of company stock valued at $2,193,592. 58.51% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in TZOO. Renaissance Technologies LLC increased its position in shares of Travelzoo by 4.2% in the fourth quarter. Renaissance Technologies LLC now owns 474,100 shares of the information services provider’s stock valued at $4,457,000 after buying an additional 19,000 shares during the period. Brandes Investment Partners LP purchased a new position in shares of Travelzoo during the first quarter valued at about $141,000. Algert Global LLC increased its position in shares of Travelzoo by 171.2% in the first quarter. Algert Global LLC now owns 63,956 shares of the information services provider’s stock valued at $617,000 after buying an additional 40,374 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Travelzoo by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 275,552 shares of the information services provider’s stock valued at $2,590,000 after buying an additional 14,816 shares during the period. Finally, TFS Capital LLC purchased a new position in shares of Travelzoo during the first quarter valued at about $181,000. 24.35% of the stock is owned by institutional investors.
Travelzoo, formerly Travelzoo Inc, is a media commerce company. The Company informs over 28 million members in Asia Pacific, Europe and North America, as well as various Website users, about the travel and entertainment deals available from a range of companies. The Company operates through three segments: Asia Pacific, Europe and North America.
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