Travelzoo Inc. (TZOO) Shares Up 9.2%
Travelzoo Inc. (NASDAQ:TZOO)’s share price shot up 9.2% during trading on Wednesday . The company traded as high as $8.85 and last traded at $8.82, with a volume of 104,663 shares. The stock had previously closed at $8.08.
Separately, TheStreet downgraded shares of Travelzoo to a “sell” rating in a research note on Monday, May 2nd.
The stock’s 50 day moving average price is $8.06 and its 200 day moving average price is $7.89. The stock has a market cap of $132.62 million and a P/E ratio of 11.31.
Travelzoo (NASDAQ:TZOO) last announced its earnings results on Thursday, April 28th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $34.80 million for the quarter, compared to the consensus estimate of $37.58 million. During the same period in the prior year, the business earned $0.05 EPS. Travelzoo’s quarterly revenue was down 11.2% on a year-over-year basis. Equities analysts predict that Travelzoo Inc. will post $0.29 earnings per share for the current year.
A hedge fund recently raised its stake in Travelzoo stock. Morgan Stanley increased its stake in shares of Travelzoo Inc. (NASDAQ:TZOO) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 185,849 shares of the company’s stock after buying an additional 674 shares during the period. Morgan Stanley owned about 1.26% of Travelzoo worth $1,556,000 as of its most recent SEC filing.
Travelzoo Inc (Travelzoo) is a media commerce company. The Company informs over 30 million members in Asia Pacific, Europe and North America, as well as various Website users, about the travel and entertainment deals available from a range of companies. The Company operates through three segments: Asia Pacific, Europe and North America.
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