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

Shares of Travelzoo (NASDAQ:TZOO) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.57 and traded as high as $11.98. Travelzoo shares last traded at $11.68, with a volume of 82,669 shares.

Wall Street Analyst Weigh In

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

Travelzoo Stock Performance

The stock has a 50-day moving average of $10.01 and a 200 day moving average of $7.60. The firm has a market capitalization of $119.86 million, a P/E ratio of 32.39 and a beta of 1.28.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings data 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 company had revenue of $24.27 million for the quarter, compared to analyst estimates of $24.62 million. Travelzoo had a negative return on equity of 101.85% and a net margin of 4.32%. On average, equities analysts predict that Travelzoo will post 0.69 EPS for the current year.

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

Institutional Investors Weigh In On Travelzoo

Institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue acquired a new position in Travelzoo in the fourth quarter valued at about $25,000. Quarry LP acquired a new stake in Travelzoo in the third quarter worth $26,000. Bank of America Corp DE grew its holdings in shares of Travelzoo by 1,242.5% in 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 buying an additional 1,988 shares during the period. JPMorgan Chase & Co. increased its position in shares of Travelzoo by 42,900.0% in the 2nd 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 in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Travelzoo in the 2nd quarter valued at $44,000. Institutional investors and hedge funds 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.