StockNews.com Upgrades Travelzoo (NASDAQ:TZOO) to “Strong-Buy”

Travelzoo (NASDAQ:TZOO) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Friday.

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $10.00 target price on shares of Travelzoo in a report on Friday, July 28th.

Travelzoo Stock Down 6.9 %

TZOO stock opened at $6.35 on Friday. The firm has a market cap of $94.68 million, a PE ratio of 9.62 and a beta of 1.61. The business has a 50 day moving average of $7.53 and a 200-day moving average of $7.27. Travelzoo has a 12-month low of $4.10 and a 12-month high of $10.86.

Travelzoo (NASDAQ:TZOO) last released its earnings results on Thursday, July 27th. The information services provider reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. The company had revenue of $21.13 million during the quarter, compared to analyst estimates of $20.73 million. Travelzoo had a return on equity of 159.01% and a net margin of 12.37%. On average, research analysts expect that Travelzoo will post 0.77 earnings per share for the current year.

Insider Buying and Selling at Travelzoo

In other Travelzoo news, major shareholder Ralph Bartel sold 5,000 shares of the stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $9.47, for a total transaction of $47,350.00. Following the completion of the transaction, the insider now directly owns 7,523,436 shares of the company’s stock, valued at $71,246,938.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Travelzoo news, major shareholder Azzurro Capital Inc sold 10,000 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $7.78, for a total transaction of $77,800.00. Following the completion of the transaction, the insider now directly owns 7,337,129 shares of the company’s stock, valued at $57,082,863.62. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Ralph Bartel sold 5,000 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $9.47, for a total value of $47,350.00. Following the completion of the transaction, the insider now directly owns 7,523,436 shares of the company’s stock, valued at $71,246,938.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 378,281 shares of company stock valued at $2,914,625. Company insiders own 57.45% of the company’s stock.

Hedge Funds Weigh In On Travelzoo

A number of large investors have recently made changes to their positions in TZOO. Tower Research Capital LLC TRC purchased a new stake in shares of Travelzoo in the second quarter worth $46,000. JPMorgan Chase & Co. raised its position in shares of Travelzoo by 214.4% in the second quarter. JPMorgan Chase & Co. now owns 9,571 shares of the information services provider’s stock worth $58,000 after buying an additional 6,527 shares in the last quarter. LPL Financial LLC purchased a new stake in shares of Travelzoo in the second quarter worth $65,000. PDT Partners LLC purchased a new stake in shares of Travelzoo in the second quarter worth $67,000. Finally, Virtu Financial LLC purchased a new stake in shares of Travelzoo in the second quarter worth $68,000. 21.78% of the stock is owned by institutional investors.

Travelzoo Company Profile

Travelzoo, together with its subsidiaries, operates as an Internet media company that engages in the provision of travel, entertainment, and local deals from travel and entertainment companies, and local businesses worldwide. Its publications and products include Travelzoo Website, Travelzoo Top 20 email newsletter, standalone Travelzoo emails, Travelzoo Network, Travelzoo mobile applications, Jack's Flight Club website, Jack's Flight Club mobile applications, and Jack's Flight Club newsletters.