Brokerages Set Travelzoo (NASDAQ:TZOO) Target Price at $18.00

Travelzoo (NASDAQ:TZOO) has earned a consensus recommendation of “Hold” from the five ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $18.00.

A number of analysts have recently issued reports on TZOO shares. Ascendiant Capital Markets lowered their price target on Travelzoo from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. Zacks Research lowered Travelzoo from a “hold” rating to a “strong sell” rating in a report on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Travelzoo in a research note on Friday, January 9th. Barrington Research dropped their target price on shares of Travelzoo from $13.00 to $8.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Finally, UBS Group set a $23.00 price target on shares of Travelzoo in a research note on Wednesday, November 19th.

Travelzoo Stock Down 1.3%

TZOO stock opened at $6.28 on Monday. Travelzoo has a 52 week low of $4.72 and a 52 week high of $16.56. The firm has a 50-day simple moving average of $6.10 and a 200-day simple moving average of $7.81. The stock has a market capitalization of $68.64 million, a P/E ratio of 16.53 and a beta of 0.84.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings data on Thursday, February 19th. The information services provider reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.11). Travelzoo had a negative return on equity of 120.98% and a net margin of 4.98%.The firm had revenue of $22.47 million during the quarter, compared to analyst estimates of $22.54 million. On average, analysts expect that Travelzoo will post 1.09 earnings per share for the current year.

Insider Transactions at Travelzoo

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $6.97, for a total value of $278,800.00. Following the transaction, the insider directly owned 3,662,696 shares of the company’s stock, valued at $25,528,991.12. This trade represents a 1.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Holger Bartel purchased 40,000 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was bought at an average price of $5.43 per share, with a total value of $217,200.00. Following the completion of the transaction, the chief executive officer directly owned 200,000 shares of the company’s stock, valued at approximately $1,086,000. This represents a 25.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders acquired 200,000 shares of company stock valued at $1,077,000 and sold 102,500 shares valued at $727,150. 43.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Travelzoo

Several large investors have recently added to or reduced their stakes in TZOO. State of Alaska Department of Revenue purchased a new position in shares of Travelzoo during the 4th quarter worth $25,000. Quarry LP acquired a new stake in Travelzoo during the third quarter worth about $26,000. Bank of America Corp DE raised its stake in Travelzoo by 1,242.5% during the second quarter. Bank of America Corp DE now owns 2,148 shares of the information services provider’s stock worth $27,000 after purchasing an additional 1,988 shares during the period. AlphaQuest LLC raised its stake in Travelzoo by 3,188.4% during the second quarter. AlphaQuest LLC now owns 2,828 shares of the information services provider’s stock worth $36,000 after purchasing an additional 2,742 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Travelzoo by 42,900.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,010 shares of the information services provider’s stock valued at $38,000 after purchasing an additional 3,003 shares during the last quarter. 27.39% of the stock is currently owned by hedge funds and other institutional investors.

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.