Travelzoo (NASDAQ:TZOO) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Travelzoo (NASDAQ:TZOO) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.22 and traded as high as $10.74. Travelzoo shares last traded at $10.73, with a volume of 99,240 shares changing hands.

Analysts Set New Price Targets

Several research analysts recently commented on TZOO shares. Ascendiant Capital Markets raised their price target on shares of Travelzoo from $22.00 to $23.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Zacks Research raised Travelzoo from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 23rd. UBS Group set a $12.00 price objective on Travelzoo in a research report on Friday, April 24th. Barrington Research raised their price objective on Travelzoo from $8.00 to $12.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Weiss Ratings raised Travelzoo from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, May 19th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $15.67.

Travelzoo Stock Performance

The firm has a market capitalization of $110.30 million, a P/E ratio of 29.81 and a beta of 1.29. The business has a fifty day moving average of $8.79 and a 200-day moving average of $7.22.

Travelzoo (NASDAQ:TZOO) last released its quarterly earnings data on Thursday, April 23rd. The information services provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.07. The business had revenue of $24.27 million during the quarter, compared to analyst estimates of $24.62 million. Travelzoo had a negative return on equity of 101.85% and a net margin of 4.32%. On average, equities research analysts forecast that Travelzoo will post 0.69 earnings per share for the current fiscal year.

Travelzoo announced that its board has initiated a share repurchase plan on Thursday, March 5th that permits the company to buyback 1,000,000 shares. This buyback authorization permits the information services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On Travelzoo

Several large investors have recently made changes to their positions in the business. Millennium Management LLC raised its stake in shares of Travelzoo by 299.8% in the 1st quarter. Millennium Management LLC now owns 309,097 shares of the information services provider’s stock valued at $4,213,000 after buying an additional 231,790 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Travelzoo by 170.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 145,848 shares of the information services provider’s stock valued at $1,038,000 after purchasing an additional 91,932 shares in the last quarter. Geode Capital Management LLC increased its holdings in Travelzoo by 113.8% during the 2nd quarter. Geode Capital Management LLC now owns 157,267 shares of the information services provider’s stock valued at $2,002,000 after purchasing an additional 83,719 shares in the last quarter. Marshall Wace LLP acquired a new stake in Travelzoo during the 2nd quarter valued at $504,000. Finally, Squarepoint Ops LLC increased its holdings in Travelzoo by 224.5% during the 4th quarter. Squarepoint Ops LLC now owns 52,288 shares of the information services provider’s stock valued at $372,000 after purchasing an additional 36,174 shares in the last quarter. Institutional investors and hedge funds own 27.39% of the company’s stock.

Travelzoo Company Profile

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.