Travelzoo (NASDAQ:TZOO) PT Lowered to $12.00 at Barrington Research

Travelzoo (NASDAQ:TZOO) had its price target trimmed by Barrington Research from $14.00 to $12.00 in a research report report published on Wednesday, Benzinga reports. The brokerage currently has an outperform rating on the information services provider’s stock. Barrington Research also issued estimates for Travelzoo’s Q2 2024 earnings at $0.20 EPS, Q3 2024 earnings at $0.18 EPS, Q4 2024 earnings at $0.30 EPS, FY2024 earnings at $1.12 EPS, FY2024 earnings at $0.99 EPS, Q1 2025 earnings at $0.37 EPS, Q1 2025 earnings at $0.35 EPS, Q2 2025 earnings at $0.24 EPS, Q3 2025 earnings at $0.20 EPS, Q3 2025 earnings at $0.24 EPS, Q4 2025 earnings at $0.34 EPS, FY2025 earnings at $1.28 EPS, FY2025 earnings at $1.14 EPS, FY2026 earnings at $1.24 EPS and FY2026 earnings at $1.39 EPS.

Separately, StockNews.com upgraded Travelzoo from a buy rating to a strong-buy rating in a research note on Tuesday, April 16th.

Travelzoo Price Performance

Shares of NASDAQ:TZOO opened at $8.58 on Wednesday. The business’s 50-day moving average is $9.57 and its 200 day moving average is $8.87. Travelzoo has a 1 year low of $4.77 and a 1 year high of $11.23. The firm has a market capitalization of $113.27 million, a P/E ratio of 9.43 and a beta of 1.71.

Travelzoo (NASDAQ:TZOO) last announced its earnings results on Wednesday, April 24th. The information services provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.02. Travelzoo had a return on equity of 140.25% and a net margin of 15.24%. The company had revenue of $21.99 million for the quarter, compared to analyst estimates of $23.72 million. On average, analysts expect that Travelzoo will post 0.99 EPS for the current year.

Insider Buying and Selling at Travelzoo

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 10,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $8.71, for a total transaction of $87,100.00. Following the sale, the insider now owns 5,393,302 shares in the company, valued at approximately $46,975,660.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 148,931 shares of company stock worth $1,483,335. 57.45% of the stock is currently owned by insiders.

Institutional Trading of Travelzoo

A number of hedge funds have recently modified their holdings of TZOO. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Travelzoo during the third quarter worth approximately $82,000. Hillsdale Investment Management Inc. purchased a new position in Travelzoo in the fourth quarter worth approximately $171,000. Hennion & Walsh Asset Management Inc. purchased a new position in Travelzoo in the first quarter worth approximately $277,000. Janiczek Wealth Management LLC purchased a new position in shares of Travelzoo during the fourth quarter worth $275,000. Finally, Jump Financial LLC boosted its position in shares of Travelzoo by 46.4% during the fourth quarter. Jump Financial LLC now owns 30,900 shares of the information services provider’s stock worth $294,000 after buying an additional 9,800 shares during the period. 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.