Travelzoo (NASDAQ:TZOO) Receives $19.67 Average PT from Analysts

Shares of Travelzoo (NASDAQ:TZOO) have been assigned an average recommendation of “Moderate Buy” from the five analysts that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $19.6667.

A number of research firms recently issued reports on TZOO. UBS Group set a $23.00 price objective on shares of Travelzoo in a research report on Wednesday, November 19th. Ascendiant Capital Markets lowered their price target on shares of Travelzoo from $26.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Travelzoo in a report on Friday, January 9th. Zacks Research upgraded Travelzoo from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Finally, Barrington Research dropped their target price on Travelzoo from $17.00 to $13.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th.

Travelzoo Stock Up 4.5%

Travelzoo stock opened at $5.62 on Thursday. The stock has a market cap of $61.43 million, a PE ratio of 8.78 and a beta of 0.89. Travelzoo has a 12-month low of $5.32 and a 12-month high of $24.85. The business’s 50-day moving average price is $6.59 and its two-hundred day moving average price is $8.37.

Insider Buying and Selling

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 40,000 shares of the business’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 transaction of $278,800.00. Following the sale, the insider directly owned 3,662,696 shares of the company’s stock, valued at $25,528,991.12. The trade was a 1.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 112,500 shares of company stock worth $799,850. 43.20% of the stock is owned by company insiders.

Institutional Trading of Travelzoo

Institutional investors have recently modified their holdings of the business. Los Angeles Capital Management LLC bought a new position in Travelzoo during the second quarter worth $702,000. Dynamic Technology Lab Private Ltd acquired a new stake in Travelzoo during the 2nd quarter worth about $171,000. AdvisorShares Investments LLC raised its position in shares of Travelzoo by 29.5% in the 2nd quarter. AdvisorShares Investments LLC now owns 9,068 shares of the information services provider’s stock worth $115,000 after acquiring an additional 2,068 shares in the last quarter. Ritholtz Wealth Management lifted its stake in shares of Travelzoo by 34.8% in the 2nd quarter. Ritholtz Wealth Management now owns 62,352 shares of the information services provider’s stock valued at $794,000 after purchasing an additional 16,092 shares during the period. Finally, LSV Asset Management boosted its position in shares of Travelzoo by 26.8% during the 2nd quarter. LSV Asset Management now owns 45,400 shares of the information services provider’s stock valued at $578,000 after purchasing an additional 9,600 shares in the last quarter. Institutional investors own 27.39% of the company’s stock.

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.