Travelzoo (NASDAQ:TZOO) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Travelzoo (NASDAQ:TZOO)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.89 and traded as high as $9.36. Travelzoo shares last traded at $9.32, with a volume of 74,792 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TZOO shares. Barrington Research increased their price target on shares of Travelzoo from $8.00 to $12.00 and gave the company an “outperform” rating in a report on Friday, April 24th. UBS Group set a $12.00 price objective on shares of Travelzoo in a report on Friday, April 24th. Zacks Research raised Travelzoo from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 23rd. Finally, Weiss Ratings upgraded Travelzoo from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, April 24th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $15.67.

Travelzoo Trading Up 3.2%

The company’s 50 day simple moving average is $7.29 and its 200-day simple moving average is $6.89. The firm has a market cap of $101.87 million, a P/E ratio of 25.89 and a beta of 1.27.

Travelzoo (NASDAQ:TZOO) last announced its quarterly earnings results on Thursday, April 23rd. The information services provider reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.07. The firm had revenue of $24.27 million during the quarter, compared to analyst estimates of $24.62 million. Travelzoo had a net margin of 4.32% and a negative return on equity of 95.51%. On average, sell-side analysts anticipate that Travelzoo will post 0.71 earnings per share for the current year.

Travelzoo declared that its board has initiated a share buyback program on Thursday, March 5th that permits the company to repurchase 1,000,000 outstanding shares. This repurchase authorization permits the information services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other news, CEO Holger Bartel acquired 40,000 shares of Travelzoo stock in a transaction that occurred on Tuesday, February 24th. The stock was bought at an average price of $5.43 per share, for a total transaction of $217,200.00. Following the completion of the transaction, the chief executive officer owned 200,000 shares in the company, valued at $1,086,000. The trade was a 25.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders acquired a total of 200,000 shares of company stock worth $1,077,000 in the last three months. 45.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Travelzoo

A number of large investors have recently made changes to their positions in the company. State of Alaska Department of Revenue bought a new position in shares of Travelzoo in the 4th quarter worth approximately $25,000. Quarry LP bought a new stake in Travelzoo during the third quarter valued at approximately $26,000. Bank of America Corp DE increased its holdings in Travelzoo by 1,242.5% during the second quarter. Bank of America Corp DE now owns 2,148 shares of the information services provider’s stock valued at $27,000 after buying an additional 1,988 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Travelzoo by 42,900.0% during the second quarter. JPMorgan Chase & Co. now owns 3,010 shares of the information services provider’s stock valued at $38,000 after buying an additional 3,003 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Travelzoo in the second quarter worth approximately $44,000. 27.39% of the stock is currently owned by institutional investors.

Travelzoo Company Profile

Travelzoo (NASDAQ: TZOO) is a global internet media company specializing in publishing curated travel, entertainment and local deals to a subscriber base of millions. Through its website, mobile applications and weekly email newsletters, Travelzoo partners with airlines, hotels, cruise lines, tour operators and local merchants to promote time-sensitive offers at discounted rates. The company generates revenue primarily from media commissions, advertising arrangements and marketing services provided to its hotel and resort partners.

Founded in 1998, Travelzoo went public on the NASDAQ in 2003 under the ticker symbol TZOO.