Wall Street Zen Downgrades Travelzoo (NASDAQ:TZOO) to Hold

Travelzoo (NASDAQ:TZOO) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other brokerages have also weighed in on TZOO. Noble Financial reissued an “outperform” rating on shares of Travelzoo in a report on Wednesday, April 30th. Ascendiant Capital Markets raised their price target on shares of Travelzoo from $24.00 to $25.00 and gave the company a “buy” rating in a report on Friday, May 30th. Finally, Barrington Research reissued an “outperform” rating and issued a $17.00 price target on shares of Travelzoo in a report on Thursday, July 24th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Travelzoo currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.67.

Travelzoo Trading Down 5.2%

NASDAQ TZOO opened at $9.47 on Friday. The firm has a market cap of $105.12 million, a price-to-earnings ratio of 10.64 and a beta of 1.11. The company has a 50 day moving average of $12.71 and a 200-day moving average of $14.61. Travelzoo has a 1-year low of $9.16 and a 1-year high of $24.85.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.11). The firm had revenue of $23.91 million for the quarter, compared to analyst estimates of $23.51 million. Travelzoo had a return on equity of 566.64% and a net margin of 12.32%. On average, analysts forecast that Travelzoo will post 1.09 earnings per share for the current year.

Insider Buying and Selling

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 10,000 shares of Travelzoo stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $10.35, for a total transaction of $103,500.00. Following the completion of the sale, the insider owned 4,045,196 shares of the company’s stock, valued at approximately $41,867,778.60. The trade was a 0.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 167,500 shares of company stock worth $2,167,795. 43.20% of the stock is currently owned by insiders.

Institutional Trading of Travelzoo

Institutional investors have recently bought and sold shares of the business. Ancora Advisors LLC acquired a new stake in Travelzoo during the 4th quarter worth $30,000. US Bancorp DE acquired a new stake in Travelzoo during the 1st quarter worth $31,000. AlphaQuest LLC grew its holdings in Travelzoo by 3,188.4% during the 2nd quarter. AlphaQuest LLC now owns 2,828 shares of the information services provider’s stock worth $36,000 after acquiring an additional 2,742 shares during the period. Lazard Asset Management LLC acquired a new stake in Travelzoo during the 4th quarter worth $87,000. Finally, Tower Research Capital LLC TRC grew its holdings in Travelzoo by 556.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,599 shares of the information services provider’s stock worth $112,000 after acquiring an additional 4,746 shares during the period. Institutional investors and hedge funds 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.