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

Travelzoo (NASDAQ:TZOO) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday.

Separately, Barrington Research increased their target price on shares of Travelzoo from $10.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th.

Travelzoo Stock Performance

Shares of NASDAQ:TZOO opened at $8.84 on Tuesday. The stock has a market capitalization of $116.71 million, a price-to-earnings ratio of 10.65 and a beta of 1.71. Travelzoo has a 1-year low of $4.77 and a 1-year high of $11.23. The company’s fifty day moving average is $9.53 and its two-hundred day moving average is $8.73.

Travelzoo (NASDAQ:TZOO) last issued its earnings results on Wednesday, February 28th. The information services provider reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The business had revenue of $21.15 million for the quarter, compared to analyst estimates of $21.59 million. Travelzoo had a return on equity of 136.51% and a net margin of 14.64%. Sell-side analysts expect that Travelzoo will post 0.99 EPS for the current fiscal year.

Insider Transactions at Travelzoo

In other news, major shareholder Azzurro Capital Inc sold 43,431 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $10.58, for a total transaction of $459,499.98. Following the completion of the transaction, the insider now owns 5,222,371 shares in the company, valued at $55,252,685.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders sold 148,931 shares of company stock worth $1,483,335. Insiders own 47.00% of the company’s stock.

Hedge Funds Weigh In On Travelzoo

Several institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp grew its position in shares of Travelzoo by 2.0% during the first quarter. Bank of New York Mellon Corp now owns 86,070 shares of the information services provider’s stock worth $564,000 after acquiring an additional 1,690 shares during the last quarter. State Street Corp grew its position in Travelzoo by 6.4% in the 1st quarter. State Street Corp now owns 29,869 shares of the information services provider’s stock valued at $196,000 after buying an additional 1,807 shares in the last quarter. Denali Advisors LLC grew its position in 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 in the last quarter. Eagle Asset Management Inc. grew its position in Travelzoo by 18.1% in the 4th quarter. Eagle Asset Management Inc. now owns 18,921 shares of the information services provider’s stock valued at $88,000 after buying an additional 2,896 shares in the last quarter. Finally, Northern Trust Corp grew its position in Travelzoo by 12.5% in the 2nd quarter. Northern Trust Corp now owns 29,735 shares of the information services provider’s stock valued at $235,000 after buying an additional 3,313 shares in the last quarter. 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.