Zacks Research Downgrades Travelzoo (NASDAQ:TZOO) to Strong Sell

Travelzoo (NASDAQ:TZOO) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Thursday,Zacks.com reports.

A number of other analysts have also recently weighed in on TZOO. Weiss Ratings reissued a “hold (c)” rating on shares of Travelzoo in a report on Tuesday, October 14th. Barrington Research cut their price target on shares of Travelzoo from $17.00 to $13.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Ascendiant Capital Markets decreased their price objective on shares of Travelzoo from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, November 19th. Finally, UBS Group set a $23.00 price objective on Travelzoo in a report on Wednesday, November 19th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Travelzoo has an average rating of “Hold” and a consensus price target of $19.67.

Travelzoo Price Performance

Shares of NASDAQ TZOO opened at $6.93 on Thursday. The business has a 50-day moving average of $7.31 and a two-hundred day moving average of $9.61. The company has a market capitalization of $75.74 million, a price-to-earnings ratio of 10.83 and a beta of 0.86. Travelzoo has a 1 year low of $6.59 and a 1 year high of $24.85.

Travelzoo (NASDAQ:TZOO) last issued its earnings results on Tuesday, October 28th. The information services provider reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.13). The business had revenue of $22.20 million for the quarter, compared to analyst estimates of $22.92 million. Travelzoo had a negative return on equity of 446.70% and a net margin of 8.66%. As a group, equities research analysts expect that Travelzoo will post 1.09 earnings per share for the current year.

Insiders Place Their Bets

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 40,000 shares of the firm’s stock in a transaction on Friday, December 26th. The shares were sold at an average price of $6.97, for a total transaction of $278,800.00. Following the transaction, the insider directly owned 3,662,696 shares of the company’s stock, valued at approximately $25,528,991.12. This trade represents a 1.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last ninety days, insiders have sold 122,500 shares of company stock worth $877,350. 43.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Travelzoo

Several hedge funds have recently made changes to their positions in TZOO. PharVision Advisers LLC acquired a new position in Travelzoo in the 3rd quarter valued at about $149,000. Quarry LP purchased a new position in shares of Travelzoo in the 3rd quarter valued at approximately $26,000. Citadel Advisors LLC grew its stake in shares of Travelzoo by 39.7% in the 3rd quarter. Citadel Advisors LLC now owns 73,019 shares of the information services provider’s stock valued at $718,000 after purchasing an additional 20,747 shares during the last quarter. Aristides Capital LLC acquired a new position in shares of Travelzoo in the third quarter valued at approximately $106,000. Finally, R Squared Ltd purchased a new stake in shares of Travelzoo during the third quarter worth approximately $169,000. Institutional investors and hedge funds own 27.39% of the company’s stock.

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.