Travelzoo Inc. (NASDAQ:TZOO) released its quarterly earnings data on Thursday. The information services provider reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.08), Bloomberg Earnings reports. The company had revenue of $24.70 million for the quarter, compared to analysts’ expectations of $24.29 million. Travelzoo had a net margin of 5.23% and a return on equity of 22.26%. The business’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period last year, the company posted $0.12 EPS.
Travelzoo (NASDAQ TZOO) traded down 4.934% during mid-day trading on Thursday, hitting $7.225. The stock had a trading volume of 29,290 shares. The stock has a market cap of $91.84 million, a price-to-earnings ratio of 16.725 and a beta of 1.49. Travelzoo has a 12 month low of $7.20 and a 12 month high of $12.20. The stock’s 50-day moving average price is $8.22 and its 200-day moving average price is $9.46.
In related news, Director Ralph Bartel sold 14,806 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $11.00, for a total transaction of $162,866.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 58.51% of the stock is currently owned by insiders.
An institutional investor recently raised its position in Travelzoo stock. Northern Trust Corp boosted its holdings in shares of Travelzoo Inc. (NASDAQ:TZOO) by 3.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,944 shares of the information services provider’s stock after acquiring an additional 2,034 shares during the quarter. Northern Trust Corp owned 0.42% of Travelzoo worth $601,000 as of its most recent SEC filing. 25.14% of the stock is owned by institutional investors and hedge funds.
Separately, ValuEngine raised Travelzoo from a “sell” rating to a “hold” rating in a research note on Friday, September 1st.
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Travelzoo Company Profile
Travelzoo, formerly Travelzoo Inc, is a media commerce company. The Company informs over 28 million members in Asia Pacific, Europe and North America, as well as various Website users, about the travel and entertainment deals available from a range of companies. The Company operates through three segments: Asia Pacific, Europe and North America.
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