Travelzoo (NASDAQ:TZOO) Short Interest Update

Travelzoo (NASDAQ:TZOO) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 250,000 shares, a decrease of 20.5% from the February 28th total of 314,500 shares. Currently, 3.5% of the shares of the stock are sold short. Based on an average daily volume of 151,700 shares, the short-interest ratio is currently 1.6 days.

Insider Activity at Travelzoo

In other news, CEO Holger Bartel sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $15.42, for a total transaction of $61,680.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Azzurro Capital Inc sold 25,000 shares of the stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $13.35, for a total value of $333,750.00. Following the completion of the sale, the insider now directly owns 4,297,696 shares of the company’s stock, valued at approximately $57,374,241.60. This represents a 0.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 101,500 shares of company stock valued at $1,471,555 over the last ninety days. Insiders own 57.45% of the company’s stock.

Institutional Trading of Travelzoo

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Truffle Hound Capital LLC bought a new stake in shares of Travelzoo during the fourth quarter worth approximately $3,990,000. Renaissance Technologies LLC grew its position in Travelzoo by 17.9% in the fourth quarter. Renaissance Technologies LLC now owns 710,182 shares of the information services provider’s stock valued at $14,168,000 after acquiring an additional 107,681 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Travelzoo in the fourth quarter valued at approximately $2,102,000. Raymond James Financial Inc. bought a new position in Travelzoo in the fourth quarter valued at about $1,505,000. Finally, Millennium Management LLC boosted its position in Travelzoo by 528.4% during the 4th quarter. Millennium Management LLC now owns 77,307 shares of the information services provider’s stock worth $1,542,000 after buying an additional 65,004 shares during the period. 27.39% of the stock is owned by institutional investors.

Travelzoo Stock Performance

Shares of NASDAQ TZOO traded up $0.28 during trading on Wednesday, reaching $13.39. The company had a trading volume of 17,423 shares, compared to its average volume of 121,213. The business’s 50 day moving average price is $17.35 and its 200-day moving average price is $17.35. Travelzoo has a 52 week low of $7.12 and a 52 week high of $24.85. The stock has a market cap of $150.51 million, a PE ratio of 12.43 and a beta of 1.69.

Travelzoo (NASDAQ:TZOO) last released its quarterly earnings data on Wednesday, February 26th. The information services provider reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. The business had revenue of $20.68 million for the quarter, compared to analyst estimates of $22.06 million. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. During the same quarter last year, the firm earned $0.23 EPS. Equities analysts anticipate that Travelzoo will post 1.09 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Barrington Research lowered their price objective on Travelzoo from $25.00 to $17.00 and set an “outperform” rating on the stock in a report on Tuesday, February 25th.

Travelzoo Company Profile

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.