Travelzoo (NASDAQ:TZOO) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Travelzoo (NASDAQ:TZOO) from a buy rating to a strong-buy rating in a research report sent to investors on Wednesday.

TZOO has been the topic of several other research reports. Ascendiant Capital Markets upped their price objective on shares of Travelzoo from $17.00 to $18.00 and gave the stock a buy rating in a report on Monday, August 19th. Barrington Research restated an outperform rating and set a $12.00 price objective on shares of Travelzoo in a report on Friday, July 26th. Finally, Litchfield Hills Research began coverage on shares of Travelzoo in a report on Wednesday, September 4th. They issued a buy rating and a $35.00 target price for the company.

Travelzoo Trading Up 1.6 %

TZOO opened at $12.56 on Wednesday. The company’s fifty day moving average price is $11.74 and its two-hundred day moving average price is $9.73. Travelzoo has a 1-year low of $4.77 and a 1-year high of $15.23. The company has a market cap of $154.36 million, a price-to-earnings ratio of 13.80 and a beta of 1.74.

Travelzoo (NASDAQ:TZOO) last released its quarterly earnings data on Thursday, July 25th. The information services provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. Travelzoo had a net margin of 15.59% and a return on equity of 170.06%. The firm had revenue of $21.14 million for the quarter, compared to the consensus estimate of $21.58 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. As a group, equities analysts forecast that Travelzoo will post 0.97 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Azzurro Capital Inc sold 22,500 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $10.16, for a total value of $228,600.00. Following the completion of the sale, the insider now owns 5,037,371 shares in the company, valued at $51,179,689.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, major shareholder Azzurro Capital Inc sold 22,500 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $10.16, for a total transaction of $228,600.00. Following the completion of the transaction, the insider now owns 5,037,371 shares in the company, valued at $51,179,689.36. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Holger Bartel sold 13,466 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $10.19, for a total transaction of $137,218.54. Following the transaction, the chief executive officer now owns 302,534 shares of the company’s stock, valued at approximately $3,082,821.46. The disclosure for this sale can be found here. Insiders sold a total of 279,254 shares of company stock worth $3,315,596 over the last quarter. Insiders own 57.45% of the company’s stock.

Hedge Funds Weigh In On Travelzoo

Several institutional investors have recently added to or reduced their stakes in the stock. ClariVest Asset Management LLC grew its position in Travelzoo by 2.9% during the second quarter. ClariVest Asset Management LLC now owns 97,730 shares of the information services provider’s stock valued at $742,000 after buying an additional 2,732 shares during the period. American Century Companies Inc. bought a new position in Travelzoo during the second quarter worth about $82,000. Ritholtz Wealth Management bought a new position in Travelzoo during the second quarter worth about $82,000. O Shaughnessy Asset Management LLC bought a new position in Travelzoo during the first quarter worth about $132,000. Finally, Fermata Advisors LLC bought a new position in Travelzoo during the second quarter worth about $101,000. Institutional investors own 27.39% of the company’s stock.

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.