Travelzoo (NASDAQ:TZOO) Given New $8.00 Price Target at Barrington Research

Travelzoo (NASDAQ:TZOO) had its price objective decreased by equities researchers at Barrington Research from $13.00 to $8.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the information services provider’s stock. Barrington Research’s target price suggests a potential upside of 58.42% from the stock’s current price.

A number of other research analysts have also weighed in on the company. UBS Group set a $23.00 price objective on Travelzoo in a report on Wednesday, November 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Travelzoo in a research note on Friday, January 9th. Ascendiant Capital Markets dropped their price objective on Travelzoo from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, November 19th. Finally, Zacks Research raised Travelzoo from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

Travelzoo Price Performance

NASDAQ:TZOO opened at $5.05 on Friday. The firm has a market cap of $55.20 million, a price-to-earnings ratio of 7.89 and a beta of 0.89. The firm’s fifty day moving average price is $6.31 and its 200 day moving average price is $8.06. Travelzoo has a 1-year low of $4.72 and a 1-year high of $19.69.

Travelzoo (NASDAQ:TZOO) last announced its quarterly earnings data on Thursday, February 19th. The information services provider reported $0.00 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.11). The firm had revenue of $22.47 million for the quarter, compared to analysts’ expectations of $22.54 million. Travelzoo had a negative return on equity of 446.70% and a net margin of 8.66%. As a group, analysts expect that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 40,000 shares of the stock in a transaction on Friday, December 26th. The stock was sold at an average price of $6.97, for a total transaction of $278,800.00. Following the transaction, the insider owned 3,662,696 shares of the company’s stock, valued at $25,528,991.12. This represents a 1.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In the last three months, insiders sold 107,500 shares of company stock valued at $762,200. Insiders own 43.20% of the company’s stock.

Hedge Funds Weigh In On Travelzoo

Institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC lifted its holdings in shares of Travelzoo by 28.5% during the 4th quarter. AQR Capital Management LLC now owns 101,449 shares of the information services provider’s stock worth $722,000 after acquiring an additional 22,490 shares during the period. Lazard Asset Management LLC purchased a new position in shares of Travelzoo in the 4th quarter worth $115,000. Jain Global LLC purchased a new position in shares of Travelzoo in the 4th quarter worth $74,000. Squarepoint Ops LLC boosted its holdings in Travelzoo by 224.5% in the fourth quarter. Squarepoint Ops LLC now owns 52,288 shares of the information services provider’s stock valued at $372,000 after acquiring an additional 36,174 shares during the last quarter. Finally, Truvestments Capital LLC boosted its holdings in Travelzoo by 21.2% in the fourth quarter. Truvestments Capital LLC now owns 61,835 shares of the information services provider’s stock valued at $440,000 after acquiring an additional 10,830 shares during the last quarter. 27.39% of the stock is currently owned by institutional investors and hedge funds.

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.