Travelzoo (NASDAQ:TZOO) Receives $21.50 Consensus Price Target from Analysts

Shares of Travelzoo (NASDAQ:TZOO) have been given an average rating of “Moderate Buy” by the five brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $19.50.

TZOO has been the topic of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Travelzoo in a report on Tuesday, October 14th. Ascendiant Capital Markets upped their price target on shares of Travelzoo from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Wall Street Zen lowered shares of Travelzoo from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Barrington Research lowered their price target on shares of Travelzoo from $17.00 to $13.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Finally, Zacks Research upgraded shares of Travelzoo from a “strong sell” rating to a “hold” rating in a research report on Monday, September 22nd.

Travelzoo Stock Performance

Shares of NASDAQ:TZOO opened at $8.04 on Tuesday. The stock has a market capitalization of $88.29 million, a price-to-earnings ratio of 12.56 and a beta of 0.93. Travelzoo has a 1-year low of $7.76 and a 1-year high of $24.85. The company’s fifty day moving average is $9.75 and its two-hundred day moving average is $11.52.

Travelzoo (NASDAQ:TZOO) last issued its earnings results on Tuesday, October 28th. The information services provider reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.13). The business had revenue of $22.20 million for the quarter, compared to analyst estimates of $22.92 million. Travelzoo had a return on equity of 2,072.58% and a net margin of 8.66%. Sell-side analysts expect that Travelzoo will post 1.09 EPS for the current fiscal year.

Insider Activity at Travelzoo

In other news, major shareholder Azzurro Capital Inc sold 32,500 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $9.55, for a total transaction of $310,375.00. Following the completion of the transaction, the insider owned 3,935,196 shares in the company, valued at approximately $37,581,121.80. This represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 178,700 shares of company stock worth $1,776,862 in the last three months. 43.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Travelzoo

Several institutional investors have recently modified their holdings of the company. Millennium Management LLC grew its position in Travelzoo by 299.8% in the 1st quarter. Millennium Management LLC now owns 309,097 shares of the information services provider’s stock valued at $4,213,000 after buying an additional 231,790 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Travelzoo by 17.7% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 226,145 shares of the information services provider’s stock valued at $2,223,000 after buying an additional 34,031 shares in the last quarter. Geode Capital Management LLC grew its position in Travelzoo by 113.8% in the 2nd quarter. Geode Capital Management LLC now owns 157,267 shares of the information services provider’s stock valued at $2,002,000 after buying an additional 83,719 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Travelzoo in the 1st quarter valued at about $1,796,000. Finally, Man Group plc grew its position in Travelzoo by 26.3% in the 2nd quarter. Man Group plc now owns 74,179 shares of the information services provider’s stock valued at $944,000 after buying an additional 15,468 shares in the last quarter. 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.