Travelzoo (NASDAQ:TZOO) Receives New Coverage from Analysts at Litchfield Hills Research

Litchfield Hills Research initiated coverage on shares of Travelzoo (NASDAQ:TZOO) in a research note published on Wednesday, Benzinga reports. The brokerage issued a buy rating and a $35.00 price objective on the information services provider’s stock.

Other equities analysts also recently issued reports about the stock. Ascendiant Capital Markets upped their target price on shares of Travelzoo from $17.00 to $18.00 and gave the stock a buy rating in a research note on Monday, August 19th. Barrington Research reaffirmed an outperform rating and set a $12.00 target price on shares of Travelzoo in a research report on Friday, July 26th. Finally, StockNews.com downgraded Travelzoo from a strong-buy rating to a buy rating in a research report on Monday, July 29th. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Travelzoo has a consensus rating of Buy and an average target price of $21.67.

Travelzoo Stock Performance

Shares of NASDAQ TZOO opened at $11.06 on Wednesday. Travelzoo has a fifty-two week low of $4.77 and a fifty-two week high of $12.59. The company has a market cap of $135.93 million, a price-to-earnings ratio of 12.15 and a beta of 1.74. The business’s 50 day moving average price is $9.82 and its 200-day moving average price is $9.22.

Travelzoo (NASDAQ:TZOO) last released its earnings results on Thursday, July 25th. The information services provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. The business had revenue of $21.14 million during the quarter, compared to the consensus estimate of $21.58 million. Travelzoo had a return on equity of 170.06% and a net margin of 15.59%. During the same period last year, the company earned $0.17 earnings per share. Sell-side analysts predict that Travelzoo will post 0.95 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Holger Bartel sold 20,000 shares of Travelzoo stock in a transaction on Friday, August 16th. The stock was sold at an average price of $11.91, for a total value of $238,200.00. Following the transaction, the chief executive officer now directly owns 260,000 shares in the company, valued at approximately $3,096,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Holger Bartel sold 20,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $11.91, for a total value of $238,200.00. Following the sale, the chief executive officer now directly owns 260,000 shares in the company, valued at approximately $3,096,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Azzurro Capital Inc sold 25,000 shares of Travelzoo stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $7.80, for a total transaction of $195,000.00. Following the completion of the transaction, the insider now directly owns 5,089,871 shares in the company, valued at approximately $39,700,993.80. The disclosure for this sale can be found here. Insiders sold a total of 149,466 shares of company stock worth $1,510,039 over the last 90 days. Company insiders own 57.45% of the company’s stock.

Institutional Trading of Travelzoo

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC increased its position in Travelzoo by 9.7% during the 1st quarter. Acadian Asset Management LLC now owns 535,786 shares of the information services provider’s stock valued at $5,451,000 after buying an additional 47,352 shares in the last quarter. ClariVest Asset Management LLC raised its position in shares of Travelzoo by 2.9% in the 2nd quarter. ClariVest Asset Management LLC now owns 97,730 shares of the information services provider’s stock valued at $742,000 after purchasing an additional 2,732 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in Travelzoo by 73.7% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 47,196 shares of the information services provider’s stock worth $358,000 after purchasing an additional 20,019 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in Travelzoo during the 4th quarter worth approximately $445,000. Finally, Jump Financial LLC increased its stake in Travelzoo by 46.4% during the 4th quarter. Jump Financial LLC now owns 30,900 shares of the information services provider’s stock valued at $294,000 after purchasing an additional 9,800 shares in the last quarter. Hedge funds and other institutional investors own 27.39% of the company’s stock.

Travelzoo Company Profile

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.