Travelzoo (NASDAQ:TZOO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Travelzoo (NASDAQ:TZOO) has been given a consensus rating of “Moderate Buy” by the five research firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $19.6667.

A number of equities research analysts have recently weighed in on the company. Zacks Research upgraded Travelzoo from a “strong sell” rating to a “hold” rating in a research note on Monday, September 22nd. UBS Group set a $23.00 target price on shares of Travelzoo in a research report on Wednesday, November 19th. Barrington Research decreased their price target on shares of Travelzoo from $17.00 to $13.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Ascendiant Capital Markets dropped their price objective on shares of Travelzoo from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Travelzoo in a research report on Tuesday, October 14th.

Travelzoo Trading Down 1.3%

Shares of TZOO opened at $7.46 on Wednesday. The firm has a market cap of $81.54 million, a PE ratio of 11.66 and a beta of 0.85. Travelzoo has a 12 month low of $6.59 and a 12 month high of $24.85. The stock has a fifty day moving average price of $8.08 and a 200-day moving average price of $10.11.

Travelzoo (NASDAQ:TZOO) last announced its earnings results on Tuesday, October 28th. The information services provider reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.13). Travelzoo had a net margin of 8.66% and a negative return on equity of 446.70%. The business had revenue of $22.20 million for the quarter, compared to analyst estimates of $22.92 million. As a group, research analysts forecast that Travelzoo will post 1.09 EPS for the current year.

Insider Activity

In related news, major shareholder Azzurro Capital Inc sold 25,000 shares of Travelzoo stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $10.06, for a total transaction of $251,500.00. Following the completion of the sale, the insider owned 3,792,696 shares of the company’s stock, valued at $38,154,521.76. The trade was a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 92,500 shares of company stock valued at $839,350 in the last three months. Company insiders own 43.20% of the company’s stock.

Hedge Funds Weigh In On Travelzoo

Institutional investors have recently bought and sold shares of the business. Millennium Management LLC boosted its holdings in shares of Travelzoo by 299.8% in the 1st quarter. Millennium Management LLC now owns 309,097 shares of the information services provider’s stock valued at $4,213,000 after acquiring an additional 231,790 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in Travelzoo by 17.7% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 226,145 shares of the information services provider’s stock valued at $2,223,000 after purchasing an additional 34,031 shares during the period. Geode Capital Management LLC lifted its position in Travelzoo by 113.8% during the second quarter. Geode Capital Management LLC now owns 157,267 shares of the information services provider’s stock valued at $2,002,000 after purchasing an additional 83,719 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in Travelzoo in the first quarter valued at $1,796,000. Finally, Man Group plc grew its position in Travelzoo by 26.3% during the 2nd quarter. Man Group plc now owns 74,179 shares of the information services provider’s stock worth $944,000 after purchasing an additional 15,468 shares during the period. 27.39% of the stock is owned by hedge funds and other institutional investors.

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.