Travelzoo (NASDAQ:TZOO) Stock Rating Lowered by Zacks Research

Travelzoo (NASDAQ:TZOO) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Thursday,Zacks.com reports.

Other analysts have also issued research reports about the stock. Weiss Ratings restated a “hold (c)” rating on shares of Travelzoo in a research note on Tuesday, October 14th. UBS Group set a $23.00 target price on shares of Travelzoo in a research report on Wednesday, November 19th. Barrington Research cut their target price on shares of Travelzoo from $17.00 to $13.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Finally, Ascendiant Capital Markets reduced their price target on shares of Travelzoo from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, November 19th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $19.67.

Travelzoo Stock Performance

Shares of NASDAQ TZOO opened at $6.93 on Thursday. Travelzoo has a 1 year low of $6.59 and a 1 year high of $24.85. The stock’s 50-day simple moving average is $7.31 and its 200-day simple moving average is $9.61. The firm has a market cap of $75.74 million, a price-to-earnings ratio of 10.83 and a beta of 0.86.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings data on Tuesday, October 28th. The information services provider reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates 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 predict that Travelzoo will post 1.09 EPS for the current year.

Insiders Place Their Bets

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 40,000 shares of the business’s stock in a transaction on Friday, December 26th. The stock was sold at an average price of $6.97, for a total transaction of $278,800.00. Following the completion of the transaction, the insider owned 3,662,696 shares in the company, valued at approximately $25,528,991.12. The trade was a 1.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 122,500 shares of company stock worth $877,350. 43.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Travelzoo

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP acquired a new stake in Travelzoo in the third quarter worth about $26,000. Bank of America Corp DE raised its position in shares of Travelzoo by 1,242.5% during the 2nd quarter. Bank of America Corp DE now owns 2,148 shares of the information services provider’s stock worth $27,000 after buying an additional 1,988 shares in the last quarter. AlphaQuest LLC lifted its stake in shares of Travelzoo by 3,188.4% in the 2nd quarter. AlphaQuest LLC now owns 2,828 shares of the information services provider’s stock worth $36,000 after acquiring an additional 2,742 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Travelzoo by 42,900.0% in the second quarter. JPMorgan Chase & Co. now owns 3,010 shares of the information services provider’s stock valued at $38,000 after acquiring an additional 3,003 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Travelzoo during the second quarter valued at approximately $44,000. 27.39% of the stock is currently owned by institutional investors.

About Travelzoo

Travelzoo (NASDAQ: TZOO) is a global internet media company specializing in publishing curated travel, entertainment and local deals to a subscriber base of millions. Through its website, mobile applications and weekly email newsletters, Travelzoo partners with airlines, hotels, cruise lines, tour operators and local merchants to promote time-sensitive offers at discounted rates. The company generates revenue primarily from media commissions, advertising arrangements and marketing services provided to its hotel and resort partners.

Founded in 1998, Travelzoo went public on the NASDAQ in 2003 under the ticker symbol TZOO.