Travelzoo (NASDAQ:TZOO) Given Average Rating of “Hold” by Brokerages

Shares of Travelzoo (NASDAQ:TZOO) have earned an average recommendation of “Hold” from the five ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $19.6667.

A number of equities analysts recently commented on the company. Ascendiant Capital Markets reduced their price target on Travelzoo from $26.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. Zacks Research lowered Travelzoo from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. UBS Group set a $23.00 price target on Travelzoo in a research note on Wednesday, November 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Travelzoo in a report on Friday, January 9th. Finally, Barrington Research decreased their price objective on shares of Travelzoo from $17.00 to $13.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th.

Insider Buying and Selling

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 40,000 shares of the stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $6.97, for a total value of $278,800.00. Following the transaction, the insider directly owned 3,662,696 shares of the company’s stock, valued at $25,528,991.12. This represents a 1.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders have sold 122,500 shares of company stock valued at $877,350. 43.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Travelzoo

Several institutional investors and hedge funds have recently made changes to their positions in TZOO. State of Wyoming increased its stake in shares of Travelzoo by 5.6% during the third quarter. State of Wyoming now owns 25,819 shares of the information services provider’s stock worth $254,000 after purchasing an additional 1,376 shares during the period. AlphaQuest LLC grew its stake in shares of Travelzoo by 57.8% in the third quarter. AlphaQuest LLC now owns 4,463 shares of the information services provider’s stock valued at $44,000 after acquiring an additional 1,635 shares in the last quarter. Bank of America Corp DE increased its position in Travelzoo by 1,242.5% during the second quarter. Bank of America Corp DE now owns 2,148 shares of the information services provider’s stock worth $27,000 after acquiring an additional 1,988 shares during the period. AdvisorShares Investments LLC raised its stake in Travelzoo by 29.5% in the 2nd quarter. AdvisorShares Investments LLC now owns 9,068 shares of the information services provider’s stock worth $115,000 after purchasing an additional 2,068 shares in the last quarter. Finally, Quarry LP bought a new stake in Travelzoo in the 3rd quarter valued at about $26,000. Institutional investors and hedge funds own 27.39% of the company’s stock.

Travelzoo Stock Down 3.1%

Shares of Travelzoo stock opened at $5.89 on Friday. Travelzoo has a 12-month low of $5.82 and a 12-month high of $24.85. The stock has a market cap of $64.38 million, a P/E ratio of 9.20 and a beta of 0.86. The business’s 50 day moving average is $6.99 and its 200-day moving average is $9.15.

Travelzoo (NASDAQ:TZOO) last released its earnings results on Tuesday, October 28th. The information services provider reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.13). The firm had revenue of $22.20 million during the quarter, compared to the consensus estimate of $22.92 million. Travelzoo had a net margin of 8.66% and a negative return on equity of 446.70%. On average, sell-side analysts expect that Travelzoo will post 1.09 EPS for the current year.

Travelzoo Company Profile

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.