Travelzoo Inc. (NASDAQ:TZOO) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Friday.

Shares of Travelzoo (NASDAQ:TZOO) traded up 2.45% during mid-day trading on Friday, reaching $8.35. 12,569 shares of the company’s stock were exchanged. The stock has a market cap of $106.14 million, a price-to-earnings ratio of 19.33 and a beta of 1.50. Travelzoo has a 52-week low of $8.10 and a 52-week high of $13.27. The stock’s 50-day moving average is $9.51 and its 200-day moving average is $9.74.

Travelzoo (NASDAQ:TZOO) last announced its earnings results on Thursday, July 27th. The information services provider reported $0.05 earnings per share (EPS) for the quarter, beating 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 company had revenue of $26.40 million during the quarter, compared to analysts’ expectations of $27.53 million. During the same quarter in the previous year, the business posted $0.14 earnings per share. Travelzoo’s quarterly revenue was down 11.4% on a year-over-year basis. On average, equities analysts expect that Travelzoo will post $0.19 EPS for the current year.

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In related news, Director Ralph Bartel sold 123,296 shares of the company’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $10.14, for a total transaction of $1,250,221.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 164,154 shares of company stock valued at $1,683,165 in the last ninety days. 58.51% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of TZOO. 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 last quarter. Municipal Employees Retirement System of Michigan acquired a new position in shares of Travelzoo during the second quarter valued at approximately $365,000. AXA increased its position in shares of Travelzoo by 43.2% in the first quarter. AXA now owns 66,000 shares of the information services provider’s stock valued at $637,000 after buying an additional 19,900 shares during the last quarter. TFS Capital LLC acquired a new position in shares of Travelzoo during the first quarter valued at approximately $181,000. Finally, Brandes Investment Partners LP acquired a new position in shares of Travelzoo during the first quarter valued at approximately $141,000. 25.13% of the stock is owned by hedge funds and other institutional investors.

About Travelzoo

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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