Noble Financial Equities Analysts Reduce Earnings Estimates for Travelzoo (NASDAQ:TZOO)

Travelzoo (NASDAQ:TZOO) – Noble Financial dropped their Q3 2024 earnings per share (EPS) estimates for Travelzoo in a research report issued to clients and investors on Thursday, April 25th. Noble Financial analyst M. Kupinski now expects that the information services provider will earn $0.16 per share for the quarter, down from their previous forecast of $0.17. The consensus estimate for Travelzoo’s current full-year earnings is $0.99 per share. Noble Financial also issued estimates for Travelzoo’s Q4 2024 earnings at $0.21 EPS.

Travelzoo (NASDAQ:TZOO) last announced its quarterly earnings data on Wednesday, April 24th. The information services provider reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. Travelzoo had a net margin of 15.24% and a return on equity of 140.25%. The business had revenue of $21.99 million for the quarter, compared to analysts’ expectations of $23.72 million.

Other equities analysts have also issued research reports about the company. Barrington Research lowered their price target on Travelzoo from $14.00 to $12.00 and set an “outperform” rating for the company in a research report on Wednesday. StockNews.com cut shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a report on Thursday.

Travelzoo Trading Down 0.9 %

Travelzoo stock opened at $8.50 on Friday. Travelzoo has a 12 month low of $4.77 and a 12 month high of $11.23. The company has a market capitalization of $112.20 million, a price-to-earnings ratio of 9.34 and a beta of 1.71. The business’s fifty day simple moving average is $9.59 and its two-hundred day simple moving average is $8.85.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC raised 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 acquiring an additional 56,741 shares during the period. Quadrature Capital Ltd bought a new stake in Travelzoo during the fourth quarter valued at about $445,000. Trexquant Investment LP increased 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 buying an additional 40,051 shares in the last quarter. Janiczek Wealth Management LLC bought a new position in shares of Travelzoo in the fourth quarter worth about $275,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in shares of Travelzoo during the 1st quarter valued at about $277,000. Institutional investors own 27.39% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Azzurro Capital Inc sold 18,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $8.52, for a total transaction of $153,360.00. Following the transaction, the insider now owns 5,440,802 shares in the company, valued at $46,355,633.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders sold 148,931 shares of company stock valued at $1,483,335. 57.45% of the stock is owned by insiders.

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.