Travelzoo (NASDAQ:TZOO) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Travelzoo (NASDAQ:TZOO) have been assigned a consensus rating of “Moderate Buy” from the five research firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $19.6667.

TZOO has been the topic of several recent research reports. UBS Group set a $23.00 price target on shares of Travelzoo in a research report on Wednesday, November 19th. Zacks Research upgraded shares of Travelzoo from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Barrington Research dropped their price target on shares of Travelzoo from $17.00 to $13.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Travelzoo in a research report on Friday, January 9th. Finally, Ascendiant Capital Markets decreased their price objective on Travelzoo from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th.

Insider Activity at Travelzoo

In related news, major shareholder Azzurro Capital Inc sold 40,000 shares of the firm’s stock in a transaction dated Friday, December 26th. The stock was sold at an average price of $6.97, for a total transaction of $278,800.00. Following the completion of the sale, the insider directly owned 3,662,696 shares of the company’s stock, valued at approximately $25,528,991.12. This trade represents a 1.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders sold 112,500 shares of company stock valued at $799,850. Corporate insiders own 43.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue purchased a new stake in shares of Travelzoo in the 4th quarter valued at approximately $25,000. Quarry LP acquired a new stake in Travelzoo in the 3rd quarter valued at approximately $26,000. Bank of America Corp DE raised its position in Travelzoo by 1,242.5% in the second quarter. Bank of America Corp DE now owns 2,148 shares of the information services provider’s stock valued at $27,000 after purchasing an additional 1,988 shares during the period. AlphaQuest LLC lifted its stake in Travelzoo by 3,188.4% during the second quarter. AlphaQuest LLC now owns 2,828 shares of the information services provider’s stock worth $36,000 after purchasing an additional 2,742 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Travelzoo by 42,900.0% during the second quarter. JPMorgan Chase & Co. now owns 3,010 shares of the information services provider’s stock worth $38,000 after purchasing an additional 3,003 shares in the last quarter. Hedge funds and other institutional investors own 27.39% of the company’s stock.

Travelzoo Price Performance

TZOO opened at $5.38 on Thursday. The firm has a market capitalization of $58.80 million, a price-to-earnings ratio of 8.41 and a beta of 0.89. The company’s 50 day simple moving average is $6.55 and its two-hundred day simple moving average is $8.30. Travelzoo has a 1-year low of $5.32 and a 1-year high of $24.30.

About Travelzoo

Travelzoo (NASDAQ: TZOO) is a global internet media company specializing in publishing curated travel, entertainment and local deals to a subscriber base of millions. Through its website, mobile applications and weekly email newsletters, Travelzoo partners with airlines, hotels, cruise lines, tour operators and local merchants to promote time-sensitive offers at discounted rates. The company generates revenue primarily from media commissions, advertising arrangements and marketing services provided to its hotel and resort partners.

Founded in 1998, Travelzoo went public on the NASDAQ in 2003 under the ticker symbol TZOO.