Travelzoo (NASDAQ:TZOO) Announces Earnings Results, Beats Estimates By $0.15 EPS

Travelzoo (NASDAQ:TZOO – Get Rating) announced its quarterly earnings results on Tuesday. The information services provider reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.15, MarketWatch Earnings reports. Travelzoo had a negative return on equity of 111.27% and a net margin of 1.85%. During the same quarter in the prior year, the firm posted ($0.14) EPS.

Shares of Travelzoo stock traded down $0.45 during midday trading on Wednesday, hitting $6.73. The company had a trading volume of 3,046 shares, compared to its average volume of 67,691. The stock has a market capitalization of $81.14 million, a P/E ratio of 135.03 and a beta of 1.72. The company has a 50 day moving average of $6.99 and a 200 day moving average of $9.01. Travelzoo has a 52-week low of $5.20 and a 52-week high of $18.47.

In related news, major shareholder Azzurro Capital Inc sold 12,930 shares of the company’s stock in a transaction that occurred on Wednesday, March 9th. The stock was sold at an average price of $7.40, for a total value of $95,682.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ralph Bartel sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 8th. The shares were sold at an average price of $7.30, for a total value of $36,500.00. The disclosure for this sale can be found here. Insiders sold a total of 268,091 shares of company stock worth $1,681,161 in the last 90 days. 54.30% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in TZOO. BlackRock Inc. lifted its holdings in shares of Travelzoo by 1.8% during the 4th quarter. BlackRock Inc. now owns 139,297 shares of the information services provider’s stock valued at $1,313,000 after buying an additional 2,436 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings in shares of Travelzoo by 47.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 80,416 shares of the information services provider’s stock valued at $758,000 after buying an additional 25,881 shares during the period. Morgan Stanley lifted its holdings in shares of Travelzoo by 11.7% during the 3rd quarter. Morgan Stanley now owns 69,872 shares of the information services provider’s stock valued at $811,000 after buying an additional 7,319 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Travelzoo by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 63,487 shares of the information services provider’s stock valued at $736,000 after buying an additional 3,138 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Travelzoo by 46.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 61,876 shares of the information services provider’s stock valued at $717,000 after buying an additional 19,530 shares during the period. 32.38% of the stock is currently owned by institutional investors and hedge funds.

TZOO has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Travelzoo from a “hold” rating to a “strong sell” rating in a report on Thursday, February 3rd. StockNews.com initiated coverage on Travelzoo in a report on Thursday, March 31st. They set a “buy” rating on the stock. Finally, Ascendiant Capital Markets downgraded Travelzoo from a “buy” rating to a “hold” rating in a report on Friday, March 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $15.00.

Travelzoo Company Profile (Get Rating)

Travelzoo, an Internet media company, provides travel, entertainment, and local deals from travel and entertainment companies, and local businesses in the Asia Pacific, Europe, and North America. Its publications and products include Travelzoo Website; Travelzoo iPhone and Android apps; Travelzoo Top 20 email newsletter; and Newsflash email alert service.

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