Ascendiant Capital Markets Forecasts Strong Price Appreciation for Travelzoo (NASDAQ:TZOO) Stock

Travelzoo (NASDAQ:TZOO - Free Report) had its price target raised by Ascendiant Capital Markets from $18.00 to $23.00 in a report issued on Monday morning,Benzinga reports. The firm currently has a buy rating on the information services provider's stock.

A number of other research analysts also recently weighed in on the company. StockNews.com downgraded Travelzoo from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 1st. Litchfield Hills Research began coverage on Travelzoo in a research report on Wednesday, September 4th. They issued a "buy" rating and a $35.00 price objective for the company. Finally, Barrington Research raised their price objective on Travelzoo from $12.00 to $15.00 and gave the company an "outperform" rating in a research report on Tuesday, October 22nd.

Travelzoo Price Performance

Shares of Travelzoo stock traded up $2.30 during trading hours on Monday, hitting $19.37. The company's stock had a trading volume of 337,514 shares, compared to its average volume of 111,067. The company has a market capitalization of $238.06 million, a PE ratio of 17.71 and a beta of 1.69. Travelzoo has a 12 month low of $7.12 and a 12 month high of $19.47. The stock has a 50 day moving average of $13.80 and a 200 day moving average of $10.66.

Travelzoo (NASDAQ:TZOO - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The information services provider reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.06. The business had revenue of $20.10 million during the quarter, compared to the consensus estimate of $21.15 million. Travelzoo had a return on equity of 174.97% and a net margin of 16.67%. During the same period last year, the company earned $0.16 earnings per share. Equities analysts expect that Travelzoo will post 1.09 EPS for the current year.

Travelzoo announced that its board has authorized a stock buyback program on Wednesday, October 23rd that permits the company to buyback 1,000,000 shares. This buyback authorization permits the information services provider to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling at Travelzoo

In other news, CEO Holger Bartel sold 20,000 shares of Travelzoo stock in a transaction on Friday, August 16th. The stock was sold at an average price of $11.91, for a total value of $238,200.00. Following the transaction, the chief executive officer now owns 260,000 shares in the company, valued at approximately $3,096,600. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, General Counsel Christina Sindoni Ciocca sold 12,288 shares of Travelzoo stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $14.35, for a total value of $176,332.80. Following the transaction, the general counsel now owns 44,623 shares in the company, valued at approximately $640,340.05. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Holger Bartel sold 20,000 shares of the business's stock in a transaction on Friday, August 16th. The stock was sold at an average price of $11.91, for a total value of $238,200.00. Following the sale, the chief executive officer now owns 260,000 shares in the company, valued at $3,096,600. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 434,788 shares of company stock valued at $5,732,583 in the last three months. Corporate insiders own 57.45% of the company's stock.

Institutional Investors Weigh In On Travelzoo

A number of hedge funds and other institutional investors have recently bought and sold shares of TZOO. Hennion & Walsh Asset Management Inc. lifted its holdings in Travelzoo by 169.5% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 127,186 shares of the information services provider's stock worth $1,533,000 after buying an additional 79,990 shares during the period. Acadian Asset Management LLC lifted its holdings in Travelzoo by 9.7% during the 1st quarter. Acadian Asset Management LLC now owns 535,786 shares of the information services provider's stock worth $5,451,000 after buying an additional 47,352 shares during the period. Ritholtz Wealth Management lifted its holdings in Travelzoo by 217.4% during the 3rd quarter. Ritholtz Wealth Management now owns 34,453 shares of the information services provider's stock worth $415,000 after buying an additional 23,599 shares during the period. Fermata Advisors LLC acquired a new position in Travelzoo during the 2nd quarter worth about $101,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in shares of Travelzoo in the 1st quarter valued at about $132,000. Institutional investors own 27.39% of the company's stock.

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.