Travelzoo (NASDAQ:TZOO) Upgraded at Zacks Research

Zacks Research upgraded shares of Travelzoo (NASDAQ:TZOO) from a strong sell rating to a hold rating in a research report report published on Monday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. Barrington Research reaffirmed an “outperform” rating and set a $17.00 price target on shares of Travelzoo in a research report on Thursday, July 24th. Ascendiant Capital Markets boosted their target price on shares of Travelzoo from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday, August 26th. Finally, Wall Street Zen downgraded shares of Travelzoo from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $21.50.

Travelzoo Price Performance

NASDAQ TZOO opened at $10.46 on Monday. The stock has a market capitalization of $114.85 million, a price-to-earnings ratio of 11.75 and a beta of 1.01. Travelzoo has a 1-year low of $9.20 and a 1-year high of $24.85. The business’s fifty day moving average price is $10.23 and its 200-day moving average price is $12.21.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.11). Travelzoo had a net margin of 12.32% and a return on equity of 1,186.62%. The firm had revenue of $23.91 million for the quarter, compared to analysts’ expectations of $23.51 million. Equities research analysts anticipate that Travelzoo will post 1.09 EPS for the current year.

Insiders Place Their Bets

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 76,500 shares of the company’s stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $13.15, for a total value of $1,005,975.00. Following the completion of the transaction, the insider directly owned 4,062,696 shares in the company, valued at $53,424,452.40. This represents a 1.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 226,500 shares of company stock worth $2,489,554 over the last quarter. 43.20% of the stock is owned by insiders.

Institutional Trading of Travelzoo

Several institutional investors and hedge funds have recently modified their holdings of the company. Evergreen Capital Management LLC bought a new position in Travelzoo in the 2nd quarter worth $382,000. Man Group plc lifted its position in shares of Travelzoo by 26.3% in the second quarter. Man Group plc now owns 74,179 shares of the information services provider’s stock valued at $944,000 after acquiring an additional 15,468 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Travelzoo by 1,242.5% in the second quarter. Bank of America Corp DE now owns 2,148 shares of the information services provider’s stock valued at $27,000 after acquiring an additional 1,988 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Travelzoo in the second quarter worth about $93,000. Finally, Occudo Quantitative Strategies LP purchased a new stake in shares of Travelzoo during the second quarter worth about $149,000. 27.39% of the stock is currently owned by institutional investors.

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.