Travelzoo (NASDAQ:TZOO) Short Interest Update

Travelzoo (NASDAQ:TZOO) saw a significant drop in short interest in April. As of April 15th, there was short interest totalling 99,300 shares, a drop of 23.0% from the March 31st total of 129,000 shares. Based on an average trading volume of 107,000 shares, the short-interest ratio is presently 0.9 days. Currently, 1.3% of the company’s stock are sold short.

Analyst Ratings Changes

TZOO has been the subject of a number of research reports. Barrington Research decreased their target price on shares of Travelzoo from $14.00 to $12.00 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. StockNews.com downgraded Travelzoo from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 25th.

Travelzoo Trading Up 7.2 %

Travelzoo stock traded up $0.60 during midday trading on Tuesday, hitting $8.96. The stock had a trading volume of 207,907 shares, compared to its average volume of 102,549. Travelzoo has a 52-week low of $4.77 and a 52-week high of $11.23. The company has a market capitalization of $118.27 million, a PE ratio of 10.31 and a beta of 1.71. The firm’s fifty day moving average is $9.55 and its two-hundred day moving average is $8.95.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings results on Wednesday, April 24th. The information services provider reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. The business had revenue of $21.99 million for the quarter, compared to analysts’ expectations of $23.72 million. Travelzoo had a return on equity of 140.25% and a net margin of 15.24%. As a group, equities research analysts predict that Travelzoo will post 0.92 earnings per share for the current fiscal year.

Insider Activity at Travelzoo

In related news, major shareholder Azzurro Capital Inc sold 10,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $8.71, for a total transaction of $87,100.00. Following the sale, the insider now directly owns 5,393,302 shares of the company’s stock, valued at $46,975,660.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 148,931 shares of company stock valued at $1,483,335 over the last 90 days. Corporate insiders own 47.00% of the company’s stock.

Hedge Funds Weigh In On Travelzoo

Several hedge funds have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Travelzoo in the 3rd quarter worth $82,000. Hillsdale Investment Management Inc. purchased a new stake in shares of Travelzoo in the fourth quarter worth about $171,000. Denali Advisors LLC increased its stake in Travelzoo by 71.9% in the 3rd quarter. Denali Advisors LLC now owns 37,300 shares of the information services provider’s stock worth $217,000 after acquiring an additional 15,600 shares during the last quarter. Janiczek Wealth Management LLC bought a new position in shares of Travelzoo during the 4th quarter valued at approximately $275,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in shares of Travelzoo in the first quarter valued at $277,000. Hedge funds and other institutional investors own 27.39% of the company’s stock.

About Travelzoo

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.