Travelzoo (NASDAQ:TZOO) Short Interest Update

Travelzoo (NASDAQ:TZOO) saw a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 314,500 shares, a growth of 39.3% from the February 13th total of 225,800 shares. Based on an average daily volume of 149,700 shares, the days-to-cover ratio is currently 2.1 days. Currently, 4.3% of the shares of the company are short sold.

Travelzoo Stock Performance

NASDAQ:TZOO opened at $14.42 on Tuesday. Travelzoo has a fifty-two week low of $7.12 and a fifty-two week high of $24.85. The firm has a market capitalization of $170.21 million, a PE ratio of 13.48 and a beta of 1.69. The stock’s fifty day moving average is $18.75 and its 200 day moving average is $17.25.

Travelzoo (NASDAQ:TZOO) last announced its quarterly earnings data on Wednesday, February 26th. The information services provider reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. Travelzoo had a return on equity of 210.54% and a net margin of 16.67%. The company had revenue of $20.68 million for the quarter, compared to the consensus estimate of $22.06 million. During the same quarter in the prior year, the company posted $0.23 EPS. Equities analysts forecast that Travelzoo will post 1.09 EPS for the current year.

Analysts Set New Price Targets

Separately, Barrington Research dropped their price objective on Travelzoo from $25.00 to $17.00 and set an “outperform” rating for the company in a research note on Tuesday, February 25th.

Insider Buying and Selling

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 20,000 shares of the company’s 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 completion of the sale, the insider now owns 4,442,696 shares in the company, valued at $87,076,841.60. This represents a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Holger Bartel sold 23,057 shares of Travelzoo stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $19.73, for a total value of $454,914.61. Following the transaction, the chief executive officer now directly owns 4,000 shares in the company, valued at approximately $78,920. The trade was a 85.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 87,057 shares of company stock worth $1,518,995. 57.45% of the stock is owned by insiders.

Hedge Funds Weigh In On Travelzoo

A number of large investors have recently added to or reduced their stakes in TZOO. Truffle Hound Capital LLC purchased a new stake in Travelzoo in the fourth quarter valued at about $3,990,000. Renaissance Technologies LLC increased its holdings in shares of Travelzoo by 17.9% in the fourth quarter. Renaissance Technologies LLC now owns 710,182 shares of the information services provider’s stock valued at $14,168,000 after purchasing an additional 107,681 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of Travelzoo during the fourth quarter worth $2,102,000. Raymond James Financial Inc. acquired a new position in shares of Travelzoo in the 4th quarter valued at about $1,505,000. Finally, Millennium Management LLC boosted its position in Travelzoo by 528.4% in the 4th quarter. Millennium Management LLC now owns 77,307 shares of the information services provider’s stock worth $1,542,000 after purchasing an additional 65,004 shares in the last quarter. 27.39% of the stock is currently owned by institutional investors.

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.