Holger Bartel Acquires 100,000 Shares of Travelzoo (NASDAQ:TZOO) Stock

Travelzoo (NASDAQ:TZOO) CEO Holger Bartel purchased 100,000 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were bought at an average cost of $5.49 per share, with a total value of $549,000.00. Following the acquisition, the chief executive officer directly owned 160,000 shares of the company’s stock, valued at $878,400. This trade represents a 166.67% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Holger Bartel also recently made the following trade(s):

• On Tuesday, February 24th, Holger Bartel acquired 40,000 shares of Travelzoo stock. The stock was bought at an average cost of $5.43 per share, for a total transaction of $217,200.00.
• On Friday, February 20th, Holger Bartel acquired 60,000 shares of Travelzoo stock. The shares were bought at an average cost of $5.18 per share, for a total transaction of $310,800.00.

Travelzoo Price Performance

Shares of NASDAQ:TZOO traded up $0.14 during mid-day trading on Tuesday, reaching $5.53. 265,150 shares of the company traded hands, compared to its average volume of 180,825. The company’s 50 day moving average price is $6.23 and its 200-day moving average price is $7.97. The firm has a market cap of $60.44 million, a PE ratio of 14.55 and a beta of 0.89. Travelzoo has a 52 week low of $4.72 and a 52 week high of $16.77.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings results on Thursday, February 19th. The information services provider reported $0.00 earnings per share for the quarter, missing the consensus estimate 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 net margin of 4.98% and a negative return on equity of 120.98%. On average, research analysts predict that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Travelzoo

Several large investors have recently bought and sold shares of the business. State of Alaska Department of Revenue bought a new position in Travelzoo during the fourth quarter valued at $25,000. Quarry LP bought a new position in shares of Travelzoo in the 3rd quarter valued at about $26,000. Bank of America Corp DE grew its position in Travelzoo by 1,242.5% in the second quarter. Bank of America Corp DE now owns 2,148 shares of the information services provider’s stock worth $27,000 after acquiring an additional 1,988 shares in the last quarter. AlphaQuest LLC increased its stake in Travelzoo by 3,188.4% during the second quarter. AlphaQuest LLC now owns 2,828 shares of the information services provider’s stock worth $36,000 after acquiring an additional 2,742 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Travelzoo by 42,900.0% during the second quarter. JPMorgan Chase & Co. now owns 3,010 shares of the information services provider’s stock worth $38,000 after acquiring an additional 3,003 shares during the last quarter. Institutional investors own 27.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TZOO shares. UBS Group set a $23.00 price target on Travelzoo in a report on Wednesday, November 19th. Ascendiant Capital Markets decreased their target price on Travelzoo from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Travelzoo in a report on Friday, January 9th. Zacks Research upgraded shares of Travelzoo from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Finally, Barrington Research dropped their target price on shares of Travelzoo from $13.00 to $8.00 and set an “outperform” rating for the company in a research report on Friday. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Travelzoo currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

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.