Travelzoo (NASDAQ:TZOO) PT Lowered to $12.00

Travelzoo (NASDAQ:TZOO) had its price target reduced by Barrington Research from $14.00 to $12.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the information services provider’s stock. Barrington Research’s target price would indicate a potential upside of 41.18% from the stock’s current price. Barrington Research also issued estimates for Travelzoo’s FY2024 earnings at $1.12 EPS, Q1 2025 earnings at $0.37 EPS, Q3 2025 earnings at $0.24 EPS, FY2025 earnings at $1.28 EPS and FY2026 earnings at $1.39 EPS.

Separately, StockNews.com upgraded shares of Travelzoo from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 16th.

Travelzoo Stock Down 0.9 %

Shares of TZOO opened at $8.50 on Wednesday. The firm has a market cap of $112.20 million, a PE ratio of 10.24 and a beta of 1.71. The company’s fifty day moving average is $9.59 and its two-hundred day moving average is $8.85. Travelzoo has a fifty-two week low of $4.77 and a fifty-two week high of $11.23.

Travelzoo (NASDAQ:TZOO) last posted its earnings results on Wednesday, April 24th. The information services provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.02. The business had revenue of $21.99 million for the quarter, compared to analyst estimates of $23.72 million. Travelzoo had a net margin of 14.64% and a return on equity of 136.51%. As a group, equities research analysts anticipate that Travelzoo will post 0.99 earnings per share for the current year.

Insiders Place Their Bets

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 10,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $8.71, for a total value of $87,100.00. Following the transaction, the insider now owns 5,393,302 shares in the company, valued at approximately $46,975,660.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 148,931 shares of company stock worth $1,483,335 in the last quarter. 57.45% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Travelzoo

Several hedge funds and other institutional investors have recently modified their holdings of TZOO. Acadian Asset Management LLC increased its position in shares of Travelzoo by 16.0% in the 3rd quarter. Acadian Asset Management LLC now owns 411,733 shares of the information services provider’s stock worth $2,398,000 after purchasing an additional 56,741 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Travelzoo in the 4th quarter worth about $445,000. Trexquant Investment LP increased its position in shares of Travelzoo by 184.1% in the 3rd quarter. Trexquant Investment LP now owns 61,808 shares of the information services provider’s stock worth $360,000 after purchasing an additional 40,051 shares during the last quarter. Janiczek Wealth Management LLC bought a new stake in shares of Travelzoo in the 4th quarter worth about $275,000. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in shares of Travelzoo in the 1st quarter worth about $277,000. 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.