Travelzoo (NASDAQ:TZOO) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Travelzoo (NASDAQ:TZOO)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.09 and traded as high as $10.20. Travelzoo shares last traded at $9.79, with a volume of 91,819 shares trading hands.

Wall Street Analysts Forecast Growth

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

Travelzoo Stock Performance

The company has a market cap of $100.64 million, a price-to-earnings ratio of 27.19 and a beta of 1.29. The business has a 50-day simple moving average of $8.28 and a 200-day simple moving average of $7.09.

Travelzoo (NASDAQ:TZOO) last posted its earnings results 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 firm had revenue of $24.27 million during the quarter, compared to analysts’ expectations of $24.62 million. Travelzoo had a negative return on equity of 101.85% and a net margin of 4.32%. Research analysts anticipate that Travelzoo will post 0.69 EPS for the current year.

Travelzoo declared that its Board of Directors has approved a share buyback program on Thursday, March 5th that permits the company to buyback 1,000,000 shares. This buyback authorization permits the information services provider to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On Travelzoo

Several institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue purchased a new stake in shares of Travelzoo in the 4th quarter worth about $25,000. Quarry LP acquired a new position in Travelzoo during the third quarter worth about $26,000. Bank of America Corp DE raised its position in 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 worth $27,000 after acquiring an additional 1,988 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Travelzoo by 42,900.0% in the second quarter. JPMorgan Chase & Co. now owns 3,010 shares of the information services provider’s stock valued at $38,000 after purchasing an additional 3,003 shares in the last quarter. Finally, AlphaQuest LLC grew its position in shares of Travelzoo by 57.8% in the third quarter. AlphaQuest LLC now owns 4,463 shares of the information services provider’s stock valued at $44,000 after purchasing an additional 1,635 shares during the last quarter. 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.