Analysts Set $10.00 Target Price for Travelzoo Inc. (TZOO)
Travelzoo Inc. (NASDAQ:TZOO) has been given an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Brokerages have set a 12 month consensus price objective of $10.00 for the company, according to Zacks. Zacks has also given Travelzoo an industry rank of 160 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 (TZOO) opened at 8.55 on Monday. The stock has a 50 day moving average of $10.20 and a 200 day moving average of $9.78. Travelzoo has a 12-month low of $8.30 and a 12-month high of $13.27. The company has a market cap of $108.68 million, a price-to-earnings ratio of 19.79 and a beta of 1.46.
Travelzoo (NASDAQ:TZOO) last released its earnings results on Thursday, July 27th. The information services provider reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.01. Travelzoo had a net margin of 5.23% and a return on equity of 22.26%. The business had revenue of $26.40 million during the quarter, compared to analyst estimates of $27.53 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The company’s revenue for the quarter was down 11.4% compared to the same quarter last year. Equities research analysts predict that Travelzoo will post $0.19 earnings per share for the current fiscal year.
In related news, major shareholder Azzurro Capital Inc sold 59,688 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $10.92, for a total value of $651,792.96. Following the completion of the sale, the insider now owns 7,410,925 shares of the company’s stock, valued at $80,927,301. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ralph Bartel sold 2,500 shares of the company’s stock in a transaction dated 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. Insiders sold 225,842 shares of company stock valued at $2,356,458 in the last three months. 58.51% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. ClariVest Asset Management LLC boosted its position in Travelzoo by 5.4% in the first quarter. ClariVest Asset Management LLC now owns 11,470 shares of the information services provider’s stock worth $111,000 after buying an additional 584 shares during the last quarter. Bank of New York Mellon Corp boosted its position in 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 worth $134,000 after buying an additional 603 shares during the last quarter. Northern Trust Corp boosted its position in Travelzoo by 3.8% in the second quarter. Northern Trust Corp now owns 54,944 shares of the information services provider’s stock worth $601,000 after buying an additional 2,034 shares during the last quarter. Nine Chapters Capital Management LLC boosted its position in 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 during the last quarter. Finally, Brandes Investment Partners LP bought a new position in Travelzoo during the first quarter worth approximately $141,000. 25.19% of the stock is currently owned by institutional investors.
Travelzoo Company Profile
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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