Travelzoo (NASDAQ:TZOO) Given New $25.00 Price Target at Ascendiant Capital Markets

Travelzoo (NASDAQ:TZOO) had its price objective boosted by Ascendiant Capital Markets from $24.00 to $25.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the information services provider’s stock. Ascendiant Capital Markets’ target price indicates a potential upside of 86.57% from the stock’s current price.

Several other equities research analysts have also commented on TZOO. Noble Financial reissued an “outperform” rating on shares of Travelzoo in a research note on Wednesday, April 30th. Barrington Research reaffirmed an “outperform” rating and issued a $17.00 price objective on shares of Travelzoo in a research note on Tuesday, April 29th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Travelzoo has an average rating of “Buy” and a consensus target price of $25.67.

Travelzoo Price Performance

Shares of TZOO stock opened at $13.40 on Friday. Travelzoo has a 1-year low of $7.12 and a 1-year high of $24.85. The business’s fifty day moving average price is $13.19 and its 200 day moving average price is $16.95. The firm has a market capitalization of $148.67 million, a PE ratio of 12.52 and a beta of 1.21.

Travelzoo (NASDAQ:TZOO) last announced its quarterly earnings data on Wednesday, April 30th. The information services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). The company had revenue of $23.14 million during the quarter, compared to analyst estimates of $22.99 million. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. Equities research analysts expect that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Insider Activity at Travelzoo

In related news, major shareholder Azzurro Capital Inc sold 2,000 shares of Travelzoo stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $13.91, for a total transaction of $27,820.00. Following the completion of the transaction, the insider now directly owns 4,245,696 shares in the company, valued at $59,057,631.36. The trade was a 0.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Holger Bartel sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $15.42, for a total value of $61,680.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 106,000 shares of company stock valued at $1,535,450. Insiders own 57.45% of the company’s stock.

Institutional Trading of Travelzoo

Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its position in Travelzoo by 352.5% during the 4th quarter. JPMorgan Chase & Co. now owns 57,224 shares of the information services provider’s stock worth $1,142,000 after purchasing an additional 44,578 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Travelzoo in the 4th quarter worth approximately $2,102,000. Renaissance Technologies LLC grew its stake in Travelzoo by 17.9% in the 4th quarter. Renaissance Technologies LLC now owns 710,182 shares of the information services provider’s stock worth $14,168,000 after acquiring an additional 107,681 shares during the period. Cerity Partners LLC acquired a new position in Travelzoo in the 4th quarter valued at $671,000. Finally, Truffle Hound Capital LLC purchased a new position in shares of Travelzoo during the 4th quarter worth $3,990,000. 27.39% of the stock is currently owned by hedge funds and other institutional investors.

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.