Travelzoo (NASDAQ:TZOO) Receives Consensus Recommendation of “Hold” from Brokerages

Travelzoo (NASDAQ:TZOO) has earned an average rating of “Hold” from the five ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $18.00.

TZOO has been the subject of several recent research reports. Barrington Research decreased their price target on Travelzoo from $13.00 to $8.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Travelzoo in a research report on Friday, January 9th. Finally, Zacks Research downgraded Travelzoo from a “hold” rating to a “strong sell” rating in a research report on Monday, March 2nd.

Travelzoo Price Performance

Travelzoo stock opened at $6.19 on Friday. The stock’s fifty day moving average is $5.97 and its two-hundred day moving average is $7.45. The stock has a market cap of $67.67 million, a PE ratio of 16.29 and a beta of 0.84. Travelzoo has a 1-year low of $4.72 and a 1-year high of $16.56.

Travelzoo (NASDAQ:TZOO) last posted its earnings results on Thursday, February 19th. The information services provider reported $0.00 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.11). The firm had revenue of $22.47 million for the quarter, compared to analyst estimates of $22.54 million. Travelzoo had a negative return on equity of 132.89% and a net margin of 4.98%. On average, research analysts expect that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Travelzoo declared that its board has authorized a share repurchase plan on Thursday, March 5th that permits the company to repurchase 1,000,000 shares. This repurchase authorization permits the information services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Travelzoo

In other Travelzoo news, CEO Holger Bartel acquired 100,000 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were acquired at an average price of $5.49 per share, for a total transaction of $549,000.00. Following the completion of the acquisition, the chief executive officer directly owned 160,000 shares of the company’s stock, valued at $878,400. This trade represents a 166.67% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders acquired 200,000 shares of company stock worth $1,077,000. Corporate insiders own 45.30% of the company’s stock.

Institutional Investors Weigh In On Travelzoo

Several institutional investors and hedge funds have recently modified their holdings of the stock. Millennium Management LLC grew its holdings in Travelzoo by 299.8% during the 1st quarter. Millennium Management LLC now owns 309,097 shares of the information services provider’s stock valued at $4,213,000 after purchasing an additional 231,790 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in shares of 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 worth $2,223,000 after acquiring an additional 34,031 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Travelzoo by 113.8% in the second quarter. Geode Capital Management LLC now owns 157,267 shares of the information services provider’s stock worth $2,002,000 after purchasing an additional 83,719 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Travelzoo by 170.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 145,848 shares of the information services provider’s stock worth $1,038,000 after purchasing an additional 91,932 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in Travelzoo by 28.5% in the fourth quarter. AQR Capital Management LLC now owns 101,449 shares of the information services provider’s stock worth $722,000 after acquiring an additional 22,490 shares in the last quarter. Hedge funds and other institutional investors own 27.39% of the company’s stock.

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.