Analysts Set Travelzoo (NASDAQ:TZOO) PT at $19.67

Shares of Travelzoo (NASDAQ:TZOO) have received a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $19.6667.

Several analysts recently commented on TZOO shares. UBS Group set a $23.00 price objective on Travelzoo in a research note on Wednesday, November 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Travelzoo in a research note on Tuesday, October 14th. Wall Street Zen lowered shares of Travelzoo from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Ascendiant Capital Markets reduced their price objective on Travelzoo from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, November 19th. Finally, Barrington Research dropped their target price on Travelzoo from $17.00 to $13.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th.

Insider Buying and Selling at Travelzoo

In related news, major shareholder Azzurro Capital Inc sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $10.06, for a total value of $251,500.00. Following the sale, the insider owned 3,792,696 shares in the company, valued at $38,154,521.76. This represents a 0.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 115,000 shares of company stock worth $1,114,050. 43.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Millennium Management LLC raised its position in shares of Travelzoo by 299.8% during the 1st quarter. Millennium Management LLC now owns 309,097 shares of the information services provider’s stock valued at $4,213,000 after buying an additional 231,790 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in Travelzoo during the first quarter valued at approximately $1,796,000. Geode Capital Management LLC increased its position in Travelzoo by 113.8% during the 2nd quarter. Geode Capital Management LLC now owns 157,267 shares of the information services provider’s stock valued at $2,002,000 after buying an additional 83,719 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Travelzoo in the 2nd quarter worth approximately $702,000. Finally, Marshall Wace LLP purchased a new stake in Travelzoo during the 2nd quarter valued at about $504,000. Hedge funds and other institutional investors own 27.39% of the company’s stock.

Travelzoo Price Performance

Shares of TZOO stock opened at $6.98 on Friday. The stock has a fifty day moving average price of $9.03 and a 200 day moving average price of $10.85. The stock has a market cap of $76.31 million, a P/E ratio of 10.91 and a beta of 0.98. Travelzoo has a one year low of $6.59 and a one year high of $24.85.

Travelzoo (NASDAQ:TZOO) last released its quarterly earnings data on Tuesday, October 28th. The information services provider reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.13). Travelzoo had a return on equity of 2,072.58% and a net margin of 8.66%.The company had revenue of $22.20 million for the quarter, compared to analyst estimates of $22.92 million. Equities research analysts anticipate that Travelzoo will post 1.09 EPS for the current 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.