Travelzoo (NASDAQ:TZOO) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Travelzoo (NASDAQ:TZOO)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.08 and traded as high as $10.44. Travelzoo shares last traded at $10.21, with a volume of 96,881 shares traded.

Wall Street Analyst Weigh In

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

Travelzoo Stock Up 1.9%

The firm has a market cap of $104.96 million, a price-to-earnings ratio of 28.36 and a beta of 1.28. The firm has a fifty day moving average price of $10.63 and a 200-day moving average price of $8.08.

Institutional Trading of Travelzoo

Hedge funds have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC purchased a new stake in Travelzoo in the 1st quarter valued at about $120,000. Millennium Management LLC increased its stake in shares of Travelzoo by 299.8% during the 1st quarter. Millennium Management LLC now owns 309,097 shares of the information services provider’s stock valued at $4,213,000 after acquiring an additional 231,790 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Travelzoo by 60.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 45,528 shares of the information services provider’s stock valued at $621,000 after acquiring an additional 17,146 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of Travelzoo by 63.6% during the 1st quarter. Jane Street Group LLC now owns 28,779 shares of the information services provider’s stock worth $392,000 after acquiring an additional 11,189 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Travelzoo by 113.8% during the 2nd quarter. Geode Capital Management LLC now owns 157,267 shares of the information services provider’s stock worth $2,002,000 after acquiring an additional 83,719 shares during the period. 27.39% of the stock is owned by institutional investors and hedge funds.

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.