Travelzoo (NASDAQ:TZOO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Travelzoo (NASDAQ:TZOO) have been assigned an average rating of “Moderate Buy” from the five research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $18.00.

A number of equities analysts have recently issued reports on TZOO shares. Barrington Research lowered their price objective on Travelzoo from $13.00 to $8.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Travelzoo in a research report on Friday, January 9th. UBS Group set a $23.00 price target on shares of Travelzoo in a research report on Wednesday, November 19th. Ascendiant Capital Markets reduced their price objective on shares of Travelzoo from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. Finally, Zacks Research raised shares of Travelzoo from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th.

Insider Transactions at Travelzoo

In related news, major shareholder Azzurro Capital Inc sold 40,000 shares of the company’s stock in a transaction dated Friday, December 26th. The stock was sold at an average price of $6.97, for a total transaction of $278,800.00. Following the sale, the insider owned 3,662,696 shares in the company, valued at $25,528,991.12. This represents a 1.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Holger Bartel bought 40,000 shares of the stock in a transaction on Tuesday, February 24th. The stock was acquired at an average price of $5.43 per share, with a total value of $217,200.00. Following the completion of the acquisition, the chief executive officer owned 200,000 shares of the company’s stock, valued at $1,086,000. This represents a 25.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have acquired 200,000 shares of company stock valued at $1,077,000 and have sold 102,500 shares valued at $727,150. Company insiders own 43.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TZOO. Cubist Systematic Strategies LLC acquired a new position in shares of Travelzoo during the first quarter valued at about $120,000. Millennium Management LLC raised its stake in Travelzoo by 299.8% during the 1st quarter. Millennium Management LLC now owns 309,097 shares of the information services provider’s stock worth $4,213,000 after buying an additional 231,790 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Travelzoo by 60.4% in the first quarter. Goldman Sachs Group Inc. now owns 45,528 shares of the information services provider’s stock worth $621,000 after acquiring an additional 17,146 shares in the last quarter. Jane Street Group LLC grew its stake in Travelzoo by 63.6% in the first quarter. Jane Street Group LLC now owns 28,779 shares of the information services provider’s stock valued at $392,000 after acquiring an additional 11,189 shares during the period. Finally, AlphaQuest LLC increased its holdings in shares of Travelzoo by 3,188.4% during the second quarter. AlphaQuest LLC now owns 2,828 shares of the information services provider’s stock valued at $36,000 after acquiring an additional 2,742 shares in the last quarter. 27.39% of the stock is owned by institutional investors.

Travelzoo Price Performance

TZOO opened at $6.45 on Monday. The firm has a market capitalization of $70.50 million, a price-to-earnings ratio of 16.97 and a beta of 0.84. The company’s 50 day moving average price is $6.14 and its two-hundred day moving average price is $7.87. Travelzoo has a fifty-two week low of $4.72 and a fifty-two week high of $16.77.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings data on Thursday, February 19th. The information services provider reported $0.00 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.11). The company had revenue of $22.47 million during the quarter, compared to analyst estimates of $22.54 million. Travelzoo had a net margin of 4.98% and a negative return on equity of 120.98%. As a group, equities research analysts predict that Travelzoo will post 1.09 EPS for the current year.

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.