Travelzoo (NASDAQ:TZOO) Receives Consensus Rating of “Hold” from Brokerages

Shares of Travelzoo (NASDAQ:TZOO) have earned a consensus recommendation of “Hold” from the five analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $19.6667.

TZOO has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Travelzoo in a report on Tuesday, October 14th. UBS Group set a $23.00 target price on Travelzoo in a research note on Wednesday, November 19th. Ascendiant Capital Markets reduced their target price on Travelzoo from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. Barrington Research dropped their price target on Travelzoo from $17.00 to $13.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Finally, Zacks Research cut Travelzoo from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st.

Insider Transactions at Travelzoo

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 40,000 shares of the stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $6.97, for a total transaction of $278,800.00. Following the transaction, the insider directly owned 3,662,696 shares in the company, valued at $25,528,991.12. This trade represents a 1.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 122,500 shares of company stock valued at $877,350 over the last ninety days. 43.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Travelzoo

Institutional investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC purchased a new position in Travelzoo in the 1st quarter worth $120,000. Millennium Management LLC grew its stake in shares of Travelzoo by 299.8% during the first 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 during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Travelzoo by 60.4% in the first 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 during the period. Jane Street Group LLC lifted its stake in shares of Travelzoo by 63.6% in the 1st quarter. Jane Street Group LLC now owns 28,779 shares of the information services provider’s stock valued at $392,000 after acquiring an additional 11,189 shares during the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new stake in Travelzoo during the 2nd quarter valued at about $178,000. Hedge funds and other institutional investors own 27.39% of the company’s stock.

Travelzoo Trading Down 1.3%

Shares of TZOO opened at $6.60 on Friday. Travelzoo has a 12-month low of $6.48 and a 12-month high of $24.85. The company has a market cap of $72.14 million, a PE ratio of 10.31 and a beta of 0.86. The stock has a 50-day moving average price of $7.13 and a 200-day moving average price of $9.39.

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

About Travelzoo

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.