Travelzoo (NASDAQ:TZOO) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Shares of Travelzoo (NASDAQ:TZOO) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.39 and traded as high as $11.50. Travelzoo shares last traded at $11.36, with a volume of 95,293 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Barrington Research boosted their price target on shares of Travelzoo from $8.00 to $12.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Ascendiant Capital Markets increased their price objective on shares of Travelzoo from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Weiss Ratings upgraded shares of Travelzoo from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, May 19th. Zacks Research upgraded shares of Travelzoo from a “strong sell” rating to a “hold” rating in a report on Thursday, April 23rd. Finally, UBS Group set a $12.00 target price on Travelzoo in a research report on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Travelzoo currently has a consensus rating of “Moderate Buy” and an average price target of $15.67.

Travelzoo Stock Down 3.2%

The firm has a market cap of $110.20 million, a price-to-earnings ratio of 29.78 and a beta of 1.29. The company’s 50-day moving average price is $9.47 and its 200-day moving average price is $7.42.

Travelzoo (NASDAQ:TZOO) last announced its quarterly earnings data on Thursday, April 23rd. The information services provider reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.07. Travelzoo had a net margin of 4.32% and a negative return on equity of 101.85%. The firm had revenue of $24.27 million during the quarter, compared to analysts’ expectations of $24.62 million. On average, sell-side analysts predict that Travelzoo will post 0.69 earnings per share for the current fiscal year.

Travelzoo declared that its Board of Directors has approved a stock buyback plan on Thursday, March 5th that allows the company to repurchase 1,000,000 shares. This repurchase authorization allows the information services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Institutional Trading of Travelzoo

A number of large investors have recently modified their holdings of TZOO. State of Alaska Department of Revenue acquired a new stake in shares of Travelzoo in the fourth quarter valued at $25,000. Quarry LP purchased a new stake in Travelzoo during the 3rd quarter worth about $26,000. Bank of America Corp DE lifted its stake 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 worth $27,000 after purchasing an additional 1,988 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Travelzoo by 42,900.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,010 shares of the information services provider’s stock worth $38,000 after buying an additional 3,003 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Travelzoo in the second quarter valued at $44,000. Hedge funds and other institutional investors own 27.39% of the company’s stock.

About Travelzoo

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.