Travelzoo (NASDAQ:TZOO) Lowered to “Buy” at StockNews.com

Travelzoo (NASDAQ:TZOO) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Thursday.

Separately, Barrington Research lowered their target price on Travelzoo from $14.00 to $12.00 and set an “outperform” rating for the company in a research report on Wednesday.

Travelzoo Price Performance

Shares of TZOO stock traded down $0.08 during mid-day trading on Thursday, hitting $8.50. The company had a trading volume of 112,450 shares, compared to its average volume of 101,293. The company has a market capitalization of $112.20 million, a P/E ratio of 10.24 and a beta of 1.71. The stock’s 50 day moving average price is $9.59 and its 200-day moving average price is $8.85. Travelzoo has a 52-week low of $4.77 and a 52-week high of $11.23.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings data on Wednesday, April 24th. The information services provider reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. The firm had revenue of $21.99 million during the quarter, compared to analyst estimates of $23.72 million. Travelzoo had a return on equity of 136.51% and a net margin of 14.64%. On average, equities research analysts expect that Travelzoo will post 0.99 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Azzurro Capital Inc sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $8.71, for a total value of $87,100.00. Following the completion of the sale, the insider now directly owns 5,393,302 shares of the company’s stock, valued at approximately $46,975,660.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 148,931 shares of company stock valued at $1,483,335 over the last ninety days. 57.45% of the stock is owned by insiders.

Institutional Investors Weigh In On Travelzoo

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in Travelzoo during the 3rd quarter valued at about $82,000. Hillsdale Investment Management Inc. bought a new position in shares of Travelzoo during the fourth quarter valued at approximately $171,000. Denali Advisors LLC raised its holdings in shares of Travelzoo by 71.9% in the third quarter. Denali Advisors LLC now owns 37,300 shares of the information services provider’s stock worth $217,000 after buying an additional 15,600 shares during the period. Janiczek Wealth Management LLC bought a new stake in shares of Travelzoo during the 4th quarter worth approximately $275,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in Travelzoo during the 1st quarter valued at $277,000. Hedge funds and other institutional investors own 27.39% of the company’s stock.

About Travelzoo

Travelzoo, together with its subsidiaries, operates as an Internet media company that provides travel, entertainment, and local experiences worldwide. It operates in four segments: Travelzoo North America, Travelzoo Europe, Jack's Flight Club, and New Initiatives. The company offers Travelzoo website, Travelzoo Top 20 email newsletters, Standalone email newsletters, Travelzoo Network, Travelzoo mobile applications, Jack's Flight Club website, Jack's Flight Club mobile applications, and Jack's Flight Club newsletters.