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

Travelzoo (NASDAQ:TZOO) has received an average recommendation of “Moderate Buy” from the five analysts that are presently covering the firm, Marketbeat reports. Two 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 analysts that have covered the stock in the last year is $19.6667.

A number of brokerages have recently issued reports on TZOO. Weiss Ratings reissued a “hold (c)” rating on shares of Travelzoo in a research note on Friday, January 9th. Barrington Research cut their target price on Travelzoo from $17.00 to $13.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Zacks Research upgraded Travelzoo from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Ascendiant Capital Markets lowered their target price 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, UBS Group set a $23.00 target price on shares of Travelzoo in a research note on Wednesday, November 19th.

Travelzoo Stock Down 0.4%

TZOO stock opened at $5.57 on Thursday. The business’s 50-day moving average price is $6.65 and its 200-day moving average price is $8.48. The stock has a market cap of $60.83 million, a P/E ratio of 8.70 and a beta of 0.89. Travelzoo has a twelve month low of $5.52 and a twelve month high of $24.85.

Insider Activity

In related news, major shareholder Azzurro Capital Inc sold 40,000 shares of the stock in a transaction that occurred 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 directly owned 3,662,696 shares of the company’s stock, valued at approximately $25,528,991.12. This represents a 1.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 112,500 shares of company stock valued at $799,850 over the last quarter. Insiders own 43.20% of the company’s stock.

Institutional Trading of Travelzoo

Hedge funds have recently modified their holdings of the company. Millennium Management LLC increased its position in Travelzoo by 299.8% in the first quarter. Millennium Management LLC now owns 309,097 shares of the information services provider’s stock worth $4,213,000 after purchasing an additional 231,790 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Travelzoo by 17.7% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 226,145 shares of the information services provider’s stock worth $2,223,000 after buying an additional 34,031 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Travelzoo by 113.8% during the 2nd quarter. Geode Capital Management LLC now owns 157,267 shares of the information services provider’s stock valued at $2,002,000 after buying an additional 83,719 shares in the last quarter. Man Group plc lifted its holdings in shares of Travelzoo by 26.3% in the 2nd quarter. Man Group plc now owns 74,179 shares of the information services provider’s stock valued at $944,000 after acquiring an additional 15,468 shares during the last quarter. Finally, Citadel Advisors LLC increased its stake in Travelzoo by 39.7% during the third quarter. Citadel Advisors LLC now owns 73,019 shares of the information services provider’s stock worth $718,000 after acquiring an additional 20,747 shares during the last quarter. 27.39% of the stock is owned by hedge funds and other institutional investors.

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.