Travelzoo (NASDAQ:TZOO) Sees Large Decrease in Short Interest

Travelzoo (NASDAQ:TZOO) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 99,300 shares, a decline of 23.0% from the March 31st total of 129,000 shares. Approximately 1.3% of the company’s shares are sold short. Based on an average trading volume of 107,000 shares, the days-to-cover ratio is currently 0.9 days.

Analyst Ratings Changes

TZOO has been the topic of several analyst reports. StockNews.com cut Travelzoo from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Barrington Research reduced their price objective on Travelzoo from $14.00 to $12.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th.

Insiders Place Their Bets

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $8.71, for a total transaction of $87,100.00. Following the sale, the insider now directly owns 5,393,302 shares of the company’s stock, valued at $46,975,660.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 148,931 shares of company stock valued at $1,483,335 over the last ninety days. 47.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TZOO. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Travelzoo during the third quarter valued at approximately $82,000. Hillsdale Investment Management Inc. bought a new position in Travelzoo in the fourth quarter worth approximately $171,000. Denali Advisors LLC grew its stake in Travelzoo by 71.9% in the third quarter. Denali Advisors LLC now owns 37,300 shares of the information services provider’s stock worth $217,000 after purchasing an additional 15,600 shares in the last quarter. Janiczek Wealth Management LLC bought a new position in Travelzoo in the fourth quarter worth approximately $275,000. Finally, Hennion & Walsh Asset Management Inc. bought a new position in Travelzoo in the first quarter worth approximately $277,000. Institutional investors own 27.39% of the company’s stock.

Travelzoo Stock Performance

TZOO opened at $8.58 on Monday. The stock has a market cap of $113.26 million, a price-to-earnings ratio of 9.43 and a beta of 1.71. The stock’s 50 day moving average price is $9.57 and its 200-day moving average price is $8.92. Travelzoo has a one year low of $4.77 and a one year high of $11.23.

Travelzoo (NASDAQ:TZOO) last released its earnings results on Wednesday, April 24th. The information services provider reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. The firm had revenue of $21.99 million for the quarter, compared to analysts’ expectations of $23.72 million. Travelzoo had a return on equity of 140.25% and a net margin of 15.24%. As a group, analysts predict that Travelzoo will post 0.92 earnings per share for the current fiscal year.

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.