Travelzoo (NASDAQ:TZOO) Forecasted to Earn Q3 2024 Earnings of $0.23 Per Share

Travelzoo (NASDAQ:TZOO - Free Report) - Stock analysts at Litchfield Hills Research issued their Q3 2024 earnings per share estimates for shares of Travelzoo in a research report issued on Wednesday, September 4th. Litchfield Hills Research analyst T. O'neill forecasts that the information services provider will post earnings per share of $0.23 for the quarter. Litchfield Hills Research currently has a "Buy" rating and a $35.00 price objective on the stock. The consensus estimate for Travelzoo's current full-year earnings is $0.95 per share. Litchfield Hills Research also issued estimates for Travelzoo's Q4 2024 earnings at $0.25 EPS, FY2024 earnings at $1.01 EPS, Q1 2025 earnings at $0.16 EPS, Q2 2025 earnings at $0.21 EPS, Q3 2025 earnings at $0.26 EPS, Q4 2025 earnings at $0.26 EPS, FY2025 earnings at $0.89 EPS and FY2026 earnings at $2.96 EPS.

Travelzoo (NASDAQ:TZOO - Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The information services provider reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. The business had revenue of $21.14 million during the quarter, compared to analysts' expectations of $21.58 million. Travelzoo had a net margin of 15.59% and a return on equity of 170.06%. During the same quarter in the prior year, the company posted $0.17 EPS.

Other equities analysts have also issued research reports about the company. Ascendiant Capital Markets increased their target price on Travelzoo from $17.00 to $18.00 and gave the stock a "buy" rating in a research note on Monday, August 19th. StockNews.com raised Travelzoo from a "buy" rating to a "strong-buy" rating in a report on Wednesday. Finally, Barrington Research reiterated an "outperform" rating and issued a $12.00 price objective on shares of Travelzoo in a report on Friday, July 26th. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Travelzoo presently has an average rating of "Buy" and an average price target of $21.67.

Travelzoo Stock Up 3.6 %

NASDAQ:TZOO traded up $0.40 on Friday, reaching $11.50. The company's stock had a trading volume of 99,085 shares, compared to its average volume of 120,808. Travelzoo has a 12-month low of $4.77 and a 12-month high of $12.59. The stock has a 50 day moving average price of $9.97 and a 200 day moving average price of $9.25. The firm has a market cap of $141.34 million, a price-to-earnings ratio of 12.64 and a beta of 1.74.

Hedge Funds Weigh In On Travelzoo

A number of hedge funds and other institutional investors have recently bought and sold shares of TZOO. American Century Companies Inc. acquired a new position in Travelzoo during the 2nd quarter worth approximately $82,000. Ritholtz Wealth Management purchased a new position in Travelzoo in the 2nd quarter valued at approximately $82,000. O Shaughnessy Asset Management LLC purchased a new position in shares of Travelzoo in the first quarter valued at $132,000. Fermata Advisors LLC acquired a new position in shares of Travelzoo during the 2nd quarter worth $101,000. Finally, Hillsdale Investment Management Inc. purchased a new stake in shares of Travelzoo in the 4th quarter worth about $171,000. 27.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, major shareholder Azzurro Capital Inc sold 25,000 shares of the business's stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $7.80, for a total value of $195,000.00. Following the completion of the sale, the insider now directly owns 5,089,871 shares of the company's stock, valued at approximately $39,700,993.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Azzurro Capital Inc sold 25,000 shares of the business's stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $7.80, for a total value of $195,000.00. Following the transaction, the insider now owns 5,089,871 shares in the company, valued at approximately $39,700,993.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Holger Bartel sold 13,466 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $10.19, for a total value of $137,218.54. Following the sale, the chief executive officer now directly owns 302,534 shares of the company's stock, valued at $3,082,821.46. The disclosure for this sale can be found here. Insiders have sold 149,466 shares of company stock worth $1,510,039 in the last ninety days. 57.45% of the stock is owned by corporate insiders.

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.