Travelzoo (NASDAQ:TZOO) Upgraded by Zacks Research to Hold Rating

Travelzoo (NASDAQ:TZOO) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

TZOO has been the subject of a number of other reports. Ascendiant Capital Markets raised their target price on Travelzoo from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Barrington Research restated an “outperform” rating and set a $17.00 target price on shares of Travelzoo in a research report on Thursday, July 24th. Finally, Wall Street Zen cut Travelzoo from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $21.50.

Travelzoo Stock Performance

Shares of Travelzoo stock opened at $10.37 on Monday. Travelzoo has a 52 week low of $9.20 and a 52 week high of $24.85. The stock has a 50 day moving average price of $10.28 and a two-hundred day moving average price of $12.23. The stock has a market capitalization of $113.86 million, a PE ratio of 11.65 and a beta of 1.01.

Travelzoo (NASDAQ:TZOO) last posted its earnings results on Wednesday, July 23rd. The information services provider reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.11). The company had revenue of $23.91 million during the quarter, compared to the consensus estimate of $23.51 million. Travelzoo had a net margin of 12.32% and a return on equity of 1,186.62%. Research analysts forecast that Travelzoo will post 1.09 EPS for the current year.

Insider Buying and Selling at Travelzoo

In other news, major shareholder Azzurro Capital Inc sold 20,000 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $9.53, for a total value of $190,600.00. Following the completion of the sale, the insider owned 3,845,196 shares of the company’s stock, valued at approximately $36,644,717.88. The trade was a 0.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 226,500 shares of company stock valued at $2,489,554. Insiders own 43.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TZOO. Bank of America Corp DE raised its position in Travelzoo by 1,242.5% during the 2nd quarter. Bank of America Corp DE now owns 2,148 shares of the information services provider’s stock valued at $27,000 after purchasing an additional 1,988 shares during the last quarter. US Bancorp DE bought a new position in Travelzoo during the 1st quarter valued at approximately $31,000. AlphaQuest LLC raised its position in Travelzoo by 3,188.4% during the 2nd quarter. AlphaQuest LLC now owns 2,828 shares of the information services provider’s stock valued at $36,000 after purchasing an additional 2,742 shares during the last quarter. JPMorgan Chase & Co. raised its position in Travelzoo by 42,900.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,010 shares of the information services provider’s stock valued at $38,000 after purchasing an additional 3,003 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Travelzoo during the 2nd quarter valued at approximately $44,000. Institutional investors own 27.39% of the company’s stock.

Travelzoo Company Profile

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.