Travelzoo Inc. (NASDAQ:TZOO) Issues Earnings Results
Travelzoo Inc. (NASDAQ:TZOO) posted its quarterly earnings data on Thursday. The information services provider reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01, Bloomberg Earnings reports. The business had revenue of $26.40 million during the quarter, compared to the consensus estimate of $27.53 million. Travelzoo had a return on equity of 28.08% and a net margin of 6.00%. The firm’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.14 earnings per share.
Travelzoo (NASDAQ:TZOO) remained flat at $11.05 during trading on Thursday. The company’s stock had a trading volume of 15,989 shares. The company has a market capitalization of $145.02 million, a P/E ratio of 20.77 and a beta of 1.46. Travelzoo has a 52-week low of $8.30 and a 52-week high of $13.27. The company has a 50-day moving average of $10.71 and a 200-day moving average of $9.81.
In other news, Director Ralph Bartel sold 6,791 shares of the business’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $10.75, for a total value of $73,003.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Azzurro Capital Inc sold 59,688 shares of the business’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $10.92, for a total value of $651,792.96. Following the completion of the transaction, the insider now directly owns 7,410,925 shares of the company’s stock, valued at $80,927,301. The disclosure for this sale can be found here. Over the last three months, insiders sold 211,036 shares of company stock valued at $2,193,592. Corporate insiders own 58.51% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in TZOO. ClariVest Asset Management LLC raised its position in shares of Travelzoo by 5.4% in the first quarter. ClariVest Asset Management LLC now owns 11,470 shares of the information services provider’s stock valued at $111,000 after buying an additional 584 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Travelzoo by 4.5% in the first quarter. Bank of New York Mellon Corp now owns 13,887 shares of the information services provider’s stock valued at $134,000 after buying an additional 603 shares in the last quarter. Nine Chapters Capital Management LLC raised its position in shares of Travelzoo by 19.1% in the first quarter. Nine Chapters Capital Management LLC now owns 15,600 shares of the information services provider’s stock worth $151,000 after buying an additional 2,504 shares in the last quarter. Brandes Investment Partners LP purchased a new position in shares of Travelzoo during the first quarter worth $141,000. Finally, Dimensional Fund Advisors LP raised 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 worth $2,590,000 after buying an additional 14,816 shares in the last quarter. 24.55% of the stock is currently owned by institutional investors.
Separately, TheStreet upgraded Travelzoo from a “d+” rating to a “c-” rating in a report on Monday, May 1st.
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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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