Travelzoo (NASDAQ:TZOO) Stock Crosses Above 200 Day Moving Average – What’s Next?

Travelzoo (NASDAQ:TZOO) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.39 and traded as high as $11.50. Travelzoo shares last traded at $11.36, with a volume of 95,293 shares.

Wall Street Analysts Forecast Growth

TZOO has been the subject of several analyst reports. Barrington Research raised their target price on Travelzoo from $8.00 to $12.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Zacks Research upgraded 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 target on shares of Travelzoo in a report on Friday, April 24th. Ascendiant Capital Markets raised their price objective on shares of Travelzoo from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Finally, Weiss Ratings raised shares of Travelzoo from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, May 19th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $15.67.

Travelzoo Price Performance

The company has a 50 day simple moving average of $9.37 and a 200-day simple moving average of $7.39. The firm has a market cap of $116.78 million, a PE ratio of 31.56 and a beta of 1.29.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings results on Thursday, April 23rd. The information services provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.16 by $0.07. The firm had revenue of $24.27 million for the quarter, compared to the consensus estimate of $24.62 million. Travelzoo had a net margin of 4.32% and a negative return on equity of 101.85%. On average, sell-side analysts predict that Travelzoo will post 0.69 EPS for the current fiscal year.

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

Hedge Funds Weigh In On Travelzoo

Large investors have recently added to or reduced their stakes in the business. Millennium Management LLC lifted its stake in Travelzoo by 299.8% in the first quarter. Millennium Management LLC now owns 309,097 shares of the information services provider’s stock worth $4,213,000 after purchasing an additional 231,790 shares during the last quarter. Geode Capital Management LLC boosted its position in Travelzoo by 113.8% during the second quarter. Geode Capital Management LLC now owns 157,267 shares of the information services provider’s stock valued at $2,002,000 after buying an additional 83,719 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Travelzoo by 170.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 145,848 shares of the information services provider’s stock valued at $1,038,000 after buying an additional 91,932 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Travelzoo by 28.5% during the fourth quarter. AQR Capital Management LLC now owns 101,449 shares of the information services provider’s stock valued at $722,000 after buying an additional 22,490 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Travelzoo by 4.5% in the fourth quarter. State Street Corp now owns 86,279 shares of the information services provider’s stock worth $614,000 after buying an additional 3,754 shares during the period. Hedge funds and other institutional investors own 27.39% of the company’s stock.

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.