StockNews.com Downgrades Travelzoo (NASDAQ:TZOO) to Buy

Travelzoo (NASDAQ:TZOO) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Thursday.

Separately, Barrington Research lowered their price objective on shares of Travelzoo from $14.00 to $12.00 and set an “outperform” rating for the company in a research report on Wednesday.

Travelzoo Price Performance

Travelzoo stock opened at $8.58 on Thursday. The stock has a market cap of $113.27 million, a price-to-earnings ratio of 9.43 and a beta of 1.71. The firm has a 50 day simple moving average of $9.57 and a 200-day simple moving average of $8.87. Travelzoo has a 1-year low of $4.77 and a 1-year high of $11.23.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings data on Wednesday, April 24th. The information services provider reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. The firm had revenue of $21.99 million during the quarter, compared to analysts’ expectations of $23.72 million. Travelzoo had a net margin of 15.24% and a return on equity of 140.25%. Equities analysts expect that Travelzoo will post 0.99 earnings per share for the current fiscal year.

Insider Buying and Selling at Travelzoo

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 18,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $8.52, for a total value of $153,360.00. Following the completion of the transaction, the insider now owns 5,440,802 shares of the company’s stock, valued at approximately $46,355,633.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 148,931 shares of company stock valued at $1,483,335 in the last 90 days. Company insiders own 57.45% of the company’s stock.

Hedge Funds Weigh In On Travelzoo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC boosted its holdings in Travelzoo by 16.0% during the third quarter. Acadian Asset Management LLC now owns 411,733 shares of the information services provider’s stock worth $2,398,000 after buying an additional 56,741 shares in the last quarter. Trexquant Investment LP boosted its holdings in Travelzoo by 184.1% during the third quarter. Trexquant Investment LP now owns 61,808 shares of the information services provider’s stock worth $360,000 after buying an additional 40,051 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in Travelzoo during the fourth quarter worth about $445,000. Denali Advisors LLC boosted its holdings in Travelzoo by 5.1% during the fourth quarter. Denali Advisors LLC now owns 39,200 shares of the information services provider’s stock worth $374,000 after buying an additional 1,900 shares in the last quarter. Finally, Jump Financial LLC boosted its holdings in Travelzoo by 46.4% during the fourth quarter. Jump Financial LLC now owns 30,900 shares of the information services provider’s stock worth $294,000 after buying an additional 9,800 shares in the last quarter. Hedge funds and other institutional investors own 27.39% of the company’s stock.

About Travelzoo

Travelzoo, together with its subsidiaries, operates as an Internet media company that provides travel, entertainment, and local experiences worldwide. It operates in four segments: Travelzoo North America, Travelzoo Europe, Jack's Flight Club, and New Initiatives. The company offers Travelzoo website, Travelzoo Top 20 email newsletters, Standalone email newsletters, Travelzoo Network, Travelzoo mobile applications, Jack's Flight Club website, Jack's Flight Club mobile applications, and Jack's Flight Club newsletters.