Travelzoo (NASDAQ:TZOO) Receives $18.00 Average Price Target from Analysts

Travelzoo (NASDAQ:TZOO) has received a consensus recommendation of “Hold” from the five research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $18.00.

A number of research firms have weighed in on TZOO. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Travelzoo in a research note on Friday, January 9th. Barrington Research lowered their price objective on shares of Travelzoo from $13.00 to $8.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. Finally, Zacks Research lowered Travelzoo from a “hold” rating to a “strong sell” rating in a research report on Monday, March 2nd.

Insider Buying and Selling

In other news, CEO Holger Bartel acquired 40,000 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were bought at an average cost of $5.43 per share, for a total transaction of $217,200.00. Following the acquisition, the chief executive officer directly owned 200,000 shares in the company, valued at $1,086,000. This trade represents a 25.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought 200,000 shares of company stock worth $1,077,000 in the last ninety days. Corporate insiders own 45.30% of the company’s stock.

Institutional Trading of Travelzoo

A number of institutional investors have recently modified their holdings of TZOO. Millennium Management LLC lifted its position in 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 in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of Travelzoo by 17.7% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 226,145 shares of the information services provider’s stock worth $2,223,000 after acquiring an additional 34,031 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Travelzoo by 113.8% in 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 acquiring an additional 83,719 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Travelzoo by 170.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 145,848 shares of the information services provider’s stock valued at $1,038,000 after acquiring an additional 91,932 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of Travelzoo by 28.5% during the 4th quarter. AQR Capital Management LLC now owns 101,449 shares of the information services provider’s stock valued at $722,000 after acquiring an additional 22,490 shares in the last quarter. Hedge funds and other institutional investors own 27.39% of the company’s stock.

Travelzoo Stock Performance

Shares of NASDAQ:TZOO opened at $5.70 on Friday. The stock’s 50-day moving average price is $5.97 and its two-hundred day moving average price is $7.39. Travelzoo has a 12-month low of $4.72 and a 12-month high of $16.56. The firm has a market cap of $62.30 million, a price-to-earnings ratio of 15.00 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 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.11). Travelzoo had a net margin of 4.98% and a negative return on equity of 132.89%. The company had revenue of $22.47 million for the quarter, compared to analyst estimates of $22.54 million. As a group, research analysts forecast that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Travelzoo announced that its board has initiated a share buyback plan on Thursday, March 5th that permits the company to buyback 1,000,000 shares. This buyback authorization permits the information services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

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.