Travelzoo (NASDAQ:TZOO) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of Travelzoo (NASDAQ:TZOO) from a hold rating to a sell rating in a research note released on Saturday morning.

A number of other equities research analysts have also issued reports on the stock. Zacks Research lowered shares of Travelzoo from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. Weiss Ratings restated a “hold (c)” rating on shares of Travelzoo in a research note on Friday, August 14th. Ascendiant Capital Markets cut their price objective on Travelzoo from $23.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday. Barrington Research increased their price objective on Travelzoo from $8.00 to $12.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, UBS Group set a $9.50 price objective on Travelzoo in a research note on Wednesday, July 29th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Travelzoo currently has an average rating of “Hold” and a consensus price target of $13.83.

Travelzoo Stock Performance

Shares of TZOO opened at $6.68 on Friday. The stock has a market capitalization of $68.14 million, a PE ratio of 222.67 and a beta of 1.33. Travelzoo has a 1 year low of $4.72 and a 1 year high of $12.39. The company’s 50-day simple moving average is $9.54 and its 200-day simple moving average is $8.21.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings data on Tuesday, July 28th. The information services provider reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.35). The business had revenue of $23.21 million during the quarter, compared to analysts’ expectations of $25.00 million. Travelzoo had a net margin of 0.51% and a negative return on equity of 9.35%. During the same period in the previous year, the business posted $0.12 EPS. On average, sell-side analysts predict that Travelzoo will post -0.14 earnings per share for the current year.

Institutional Trading of Travelzoo

Hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC lifted its stake 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 acquiring an additional 231,790 shares during the last quarter. Geode Capital Management LLC grew its holdings in Travelzoo by 113.8% during the 2nd quarter. Geode Capital Management LLC now owns 157,267 shares of the information services provider’s stock worth $2,002,000 after acquiring an additional 83,719 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Travelzoo by 170.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 145,848 shares of the information services provider’s stock worth $1,038,000 after acquiring an additional 91,932 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Travelzoo by 28.5% in the 4th quarter. AQR Capital Management LLC now owns 101,449 shares of the information services provider’s stock valued at $722,000 after purchasing an additional 22,490 shares during the last quarter. Finally, State Street Corp increased its position in shares of Travelzoo by 4.5% in the 4th quarter. State Street Corp now owns 86,279 shares of the information services provider’s stock valued at $614,000 after purchasing an additional 3,754 shares during the last quarter. Institutional investors and hedge funds own 27.39% of the company’s stock.

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.