Travelzoo (NASDAQ:TZOO) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Travelzoo (NASDAQ:TZOO)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.57 and traded as high as $11.98. Travelzoo shares last traded at $11.68, with a volume of 82,669 shares trading hands.

Analyst Ratings Changes

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

Travelzoo Price Performance

The company has a fifty day moving average price of $9.91 and a 200 day moving average price of $7.57. The stock has a market cap of $120.07 million, a P/E ratio of 32.44 and a beta of 1.29.

Travelzoo (NASDAQ:TZOO) last issued its earnings results on Thursday, April 23rd. The information services provider reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.07. Travelzoo had a negative return on equity of 101.85% and a net margin of 4.32%.The company had revenue of $24.27 million for the quarter, compared to analysts’ expectations of $24.62 million. As a group, sell-side analysts expect that Travelzoo will post 0.69 earnings per share for the current fiscal year.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TZOO. Bank of America Corp DE grew its holdings in shares of Travelzoo by 1,242.5% during 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 buying an additional 1,988 shares during the last quarter. Quarry LP bought a new stake in shares of Travelzoo during the third quarter worth about $26,000. JPMorgan Chase & Co. raised its holdings in shares of Travelzoo by 42,900.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,010 shares of the information services provider’s stock worth $38,000 after acquiring an additional 3,003 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Travelzoo in the 2nd quarter worth about $44,000. Finally, State of Alaska Department of Revenue bought a new position in Travelzoo in the 4th quarter valued at about $25,000. 27.39% of the stock is owned by institutional investors.

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.