Brokerages Set Travelzoo (NASDAQ:TZOO) Price Target at $19.67

Travelzoo (NASDAQ:TZOO) has earned an average rating of “Moderate Buy” from the five research firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $19.6667.

Several research analysts recently weighed in on TZOO shares. Barrington Research lowered their price objective on Travelzoo from $17.00 to $13.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Zacks Research upgraded Travelzoo from a “strong sell” rating to a “hold” rating in a report on Monday, September 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Travelzoo in a research report on Tuesday, October 14th. Ascendiant Capital Markets reduced their price objective on shares of Travelzoo from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. Finally, UBS Group set a $23.00 target price on shares of Travelzoo in a research report on Wednesday, November 19th.

Insider Buying and Selling at Travelzoo

In related news, major shareholder Azzurro Capital Inc sold 25,000 shares of Travelzoo stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $10.06, for a total value of $251,500.00. Following the completion of the sale, the insider owned 3,792,696 shares in the company, valued at approximately $38,154,521.76. This trade represents a 0.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 92,500 shares of company stock worth $839,350. Company insiders own 43.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Trexquant Investment LP boosted its stake in shares of Travelzoo by 154.4% in the first quarter. Trexquant Investment LP now owns 61,384 shares of the information services provider’s stock valued at $837,000 after purchasing an additional 37,257 shares during the period. Truvestments Capital LLC increased its stake in Travelzoo by 3,732.3% during the 1st quarter. Truvestments Capital LLC now owns 37,288 shares of the information services provider’s stock worth $508,000 after buying an additional 36,315 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Travelzoo during the 2nd quarter worth approximately $702,000. Goldman Sachs Group Inc. lifted its holdings in Travelzoo by 60.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 45,528 shares of the information services provider’s stock worth $621,000 after buying an additional 17,146 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Travelzoo in the 1st quarter valued at approximately $1,796,000. 27.39% of the stock is currently owned by hedge funds and other institutional investors.

Travelzoo Stock Down 3.6%

NASDAQ TZOO opened at $7.18 on Wednesday. The business’s fifty day simple moving average is $7.92 and its 200-day simple moving average is $10.04. The firm has a market cap of $78.48 million, a PE ratio of 11.22 and a beta of 0.85. Travelzoo has a 52 week low of $6.59 and a 52 week high of $24.85.

Travelzoo (NASDAQ:TZOO) last announced its quarterly earnings data on Tuesday, October 28th. The information services provider reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.13). Travelzoo had a net margin of 8.66% and a negative return on equity of 446.70%. The firm had revenue of $22.20 million during the quarter, compared to analysts’ expectations of $22.92 million. Research analysts expect that Travelzoo will post 1.09 EPS for the current year.

Travelzoo Company Profile

Travelzoo (NASDAQ: TZOO) is a global internet media company specializing in publishing curated travel, entertainment and local deals to a subscriber base of millions. Through its website, mobile applications and weekly email newsletters, Travelzoo partners with airlines, hotels, cruise lines, tour operators and local merchants to promote time-sensitive offers at discounted rates. The company generates revenue primarily from media commissions, advertising arrangements and marketing services provided to its hotel and resort partners.

Founded in 1998, Travelzoo went public on the NASDAQ in 2003 under the ticker symbol TZOO.