Noble Financial Comments on Travelzoo’s Q3 2024 Earnings (NASDAQ:TZOO)

Travelzoo (NASDAQ:TZOO) – Equities research analysts at Noble Financial decreased their Q3 2024 earnings per share (EPS) estimates for shares of Travelzoo in a note issued to investors on Thursday, April 25th. Noble Financial analyst M. Kupinski now anticipates that the information services provider will post earnings per share of $0.16 for the quarter, down from their previous forecast of $0.17. The consensus estimate for Travelzoo’s current full-year earnings is $0.99 per share. Noble Financial also issued estimates for Travelzoo’s Q4 2024 earnings at $0.21 EPS.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings results on Wednesday, April 24th. The information services provider reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. Travelzoo had a return on equity of 140.25% and a net margin of 15.24%. The firm had revenue of $21.99 million during the quarter, compared to the consensus estimate of $23.72 million.

A number of other brokerages also recently weighed in on TZOO. StockNews.com downgraded Travelzoo from a “strong-buy” rating to a “buy” rating in a report on Thursday. Barrington Research decreased their price target on Travelzoo from $14.00 to $12.00 and set an “outperform” rating for the company in a report on Wednesday.

Travelzoo Trading Up 0.9 %

Shares of Travelzoo stock opened at $8.58 on Friday. The business has a 50-day moving average price of $9.57 and a two-hundred day moving average price of $8.87. Travelzoo has a 1-year low of $4.77 and a 1-year high of $11.23. The company has a market cap of $113.27 million, a P/E ratio of 9.43 and a beta of 1.71.

Insider Activity

In other news, major shareholder Azzurro Capital Inc sold 18,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $8.52, for a total value of $153,360.00. Following the completion of the sale, the insider now directly owns 5,440,802 shares in the company, valued at approximately $46,355,633.04. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold a total of 148,931 shares of company stock worth $1,483,335 in the last three months. Company insiders own 57.45% of the company’s stock.

Institutional Trading of Travelzoo

Several large investors have recently made changes to their positions in the company. Denali Advisors LLC grew its stake in shares of Travelzoo by 5.1% in the 4th quarter. Denali Advisors LLC now owns 39,200 shares of the information services provider’s stock valued at $374,000 after buying an additional 1,900 shares during the period. Jump Financial LLC grew its stake in shares of Travelzoo by 46.4% in the 4th quarter. Jump Financial LLC now owns 30,900 shares of the information services provider’s stock valued at $294,000 after buying an additional 9,800 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in Travelzoo in the 3rd quarter valued at about $82,000. Hillsdale Investment Management Inc. bought a new position in Travelzoo in the 4th quarter valued at about $171,000. Finally, Hennion & Walsh Asset Management Inc. bought a new position in Travelzoo in the 1st quarter valued at about $277,000. 27.39% of the stock is currently owned by institutional investors and hedge funds.

About Travelzoo

Travelzoo, together with its subsidiaries, operates as an Internet media company that provides travel, entertainment, and local experiences worldwide. It operates in four segments: Travelzoo North America, Travelzoo Europe, Jack's Flight Club, and New Initiatives. The company offers Travelzoo website, Travelzoo Top 20 email newsletters, Standalone email newsletters, Travelzoo Network, Travelzoo mobile applications, Jack's Flight Club website, Jack's Flight Club mobile applications, and Jack's Flight Club newsletters.