Brokerages Set $10.00 Target Price for Travelzoo Inc. (TZOO)
Shares of Travelzoo Inc. (NASDAQ:TZOO) have received an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Brokerages have set a twelve-month consensus price objective of $10.00 for the company, according to Zacks. Zacks has also given Travelzoo an industry rank of 60 out of 265 based on the ratings given to its competitors.
Separately, TheStreet raised Travelzoo from a “d+” rating to a “c-” rating in a research note on Monday, May 1st.
Shares of Travelzoo (TZOO) traded up 0.45% during midday trading on Monday, reaching $11.05. 10,953 shares of the company’s stock traded hands. The stock’s 50 day moving average is $10.63 and its 200-day moving average is $9.79. Travelzoo has a 52 week low of $8.30 and a 52 week high of $13.27. The company has a market capitalization of $145.02 million, a PE ratio of 20.77 and a beta of 1.46.
Travelzoo (NASDAQ:TZOO) last announced 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 firm had revenue of $28.40 million during the quarter, compared to analysts’ expectations of $32.88 million. Travelzoo had a net margin of 6.00% and a return on equity of 28.08%. The company’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 EPS. On average, analysts forecast that Travelzoo will post $0.20 earnings per share for the current fiscal year.
In other Travelzoo news, major shareholder Azzurro Capital Inc sold 59,688 shares of Travelzoo stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $10.92, for a total transaction of $651,792.96. Following the sale, the insider now directly owns 7,410,925 shares in the company, valued at approximately $80,927,301. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ralph Bartel sold 2,500 shares of Travelzoo stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $10.78, for a total value of $26,950.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 211,036 shares of company stock worth $2,193,592. Company insiders own 58.51% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. Renaissance Technologies LLC increased its stake 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 worth $4,457,000 after buying an additional 19,000 shares during the period. Brandes Investment Partners LP purchased a new stake in shares of Travelzoo during the first quarter worth $141,000. Algert Global LLC increased its stake 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 worth $617,000 after buying an additional 40,374 shares during the period. Dimensional Fund Advisors LP increased its stake 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 worth $2,590,000 after buying an additional 14,816 shares during the period. Finally, TFS Capital LLC purchased a new stake in shares of Travelzoo during the first quarter worth $181,000. Institutional investors own 24.55% of the company’s stock.
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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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