Travelzoo (NASDAQ:TZOO) Rating Increased to Strong-Buy at StockNews.com

Travelzoo (NASDAQ:TZOO) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday.

Separately, Barrington Research raised their price objective on shares of Travelzoo from $10.00 to $14.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th.

Travelzoo Stock Down 0.9 %

Shares of TZOO stock opened at $8.84 on Tuesday. Travelzoo has a 12 month low of $4.77 and a 12 month high of $11.23. The business’s 50 day moving average is $9.53 and its two-hundred day moving average is $8.73. The company has a market cap of $116.71 million, a PE ratio of 10.65 and a beta of 1.71.

Travelzoo (NASDAQ:TZOO) last announced its quarterly earnings results on Wednesday, February 28th. The information services provider reported $0.24 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.03). Travelzoo had a net margin of 14.64% and a return on equity of 136.51%. The company had revenue of $21.15 million for the quarter, compared to analyst estimates of $21.59 million. As a group, equities analysts expect that Travelzoo will post 0.99 EPS for the current fiscal year.

Insider Transactions at Travelzoo

In other news, major shareholder Azzurro Capital Inc sold 10,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $8.71, for a total value of $87,100.00. Following the sale, the insider now owns 5,393,302 shares in the company, valued at $46,975,660.42. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 148,931 shares of company stock worth $1,483,335. Insiders own 47.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC lifted its position in Travelzoo by 16.0% in the third quarter. Acadian Asset Management LLC now owns 411,733 shares of the information services provider’s stock worth $2,398,000 after purchasing an additional 56,741 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in Travelzoo in the third quarter worth $82,000. Trexquant Investment LP lifted its position in Travelzoo by 184.1% in the third quarter. Trexquant Investment LP now owns 61,808 shares of the information services provider’s stock worth $360,000 after purchasing an additional 40,051 shares during the period. Denali Advisors LLC lifted its position in Travelzoo by 5.1% in the fourth quarter. Denali Advisors LLC now owns 39,200 shares of the information services provider’s stock worth $374,000 after purchasing an additional 1,900 shares during the period. Finally, Janiczek Wealth Management LLC bought a new position in Travelzoo in the fourth quarter worth $275,000. 27.39% of the stock is owned by institutional investors.

Travelzoo Company Profile

Travelzoo, together with its subsidiaries, operates as an Internet media company that provides travel, entertainment, and local experiences worldwide. It operates in four segments: Travelzoo North America, Travelzoo Europe, Jack's Flight Club, and New Initiatives. The company offers Travelzoo website, Travelzoo Top 20 email newsletters, Standalone email newsletters, Travelzoo Network, Travelzoo mobile applications, Jack's Flight Club website, Jack's Flight Club mobile applications, and Jack's Flight Club newsletters.