Travelzoo (NASDAQ:TZOO) Short Interest Update

Travelzoo (NASDAQ:TZOO) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 234,300 shares, an increase of 27.8% from the January 15th total of 183,400 shares. Based on an average trading volume of 130,900 shares, the short-interest ratio is currently 1.8 days. Currently, 3.2% of the company’s shares are short sold.

Insider Buying and Selling

In other Travelzoo news, CEO Holger Bartel sold 23,057 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $19.73, for a total value of $454,914.61. Following the completion of the transaction, the chief executive officer now owns 4,000 shares in the company, valued at $78,920. This represents a 85.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Azzurro Capital Inc sold 20,000 shares of Travelzoo stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $19.60, for a total value of $392,000.00. Following the sale, the insider now owns 4,442,696 shares in the company, valued at $87,076,841.60. This trade represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. 57.45% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Travelzoo

Hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new position in shares of Travelzoo during the 3rd quarter worth approximately $298,000. Hennion & Walsh Asset Management Inc. lifted its holdings in Travelzoo by 169.5% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 127,186 shares of the information services provider’s stock valued at $1,533,000 after acquiring an additional 79,990 shares during the period. Geode Capital Management LLC grew its stake in shares of Travelzoo by 10.6% during the 3rd quarter. Geode Capital Management LLC now owns 82,241 shares of the information services provider’s stock worth $991,000 after purchasing an additional 7,857 shares during the period. Barclays PLC purchased a new position in shares of Travelzoo in the 3rd quarter valued at about $138,000. Finally, Ritholtz Wealth Management lifted its stake in shares of Travelzoo by 57.7% in the fourth quarter. Ritholtz Wealth Management now owns 54,341 shares of the information services provider’s stock valued at $1,084,000 after purchasing an additional 19,888 shares during the period. Institutional investors and hedge funds own 27.39% of the company’s stock.

Wall Street Analyst Weigh In

TZOO has been the topic of a number of research reports. Ascendiant Capital Markets raised their target price on shares of Travelzoo from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. StockNews.com lowered shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 1st. Finally, Barrington Research increased their target price on shares of Travelzoo from $12.00 to $15.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd.

Travelzoo Stock Up 1.7 %

NASDAQ:TZOO traded up $0.35 during midday trading on Friday, reaching $21.22. The stock had a trading volume of 111,814 shares, compared to its average volume of 102,108. The stock has a market cap of $250.40 million, a P/E ratio of 19.83 and a beta of 1.70. Travelzoo has a 12-month low of $7.12 and a 12-month high of $24.85. The firm has a fifty day simple moving average of $20.44 and a two-hundred day simple moving average of $16.44.

Travelzoo declared that its board has initiated a stock repurchase program on Wednesday, October 23rd that permits the company to buyback 1,000,000 shares. This buyback authorization permits the information services provider to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

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.