Barrington Research Expects Stronger Earnings for Travelzoo

Travelzoo (NASDAQ:TZOO - Free Report) - Equities researchers at Barrington Research upped their FY2024 earnings per share (EPS) estimates for shares of Travelzoo in a research report issued to clients and investors on Thursday, October 24th. Barrington Research analyst J. Goss now forecasts that the information services provider will post earnings of $1.14 per share for the year, up from their previous forecast of $1.01. Barrington Research has a "Outperform" rating and a $15.00 price objective on the stock. The consensus estimate for Travelzoo's current full-year earnings is $1.07 per share. Barrington Research also issued estimates for Travelzoo's Q4 2024 earnings at $0.35 EPS, Q2 2025 earnings at $0.28 EPS, Q4 2025 earnings at $0.41 EPS, FY2025 earnings at $1.35 EPS and FY2026 earnings at $1.49 EPS.

Travelzoo (NASDAQ:TZOO - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The information services provider reported $0.26 EPS for the quarter, beating the consensus estimate of $0.20 by $0.06. Travelzoo had a return on equity of 174.97% and a net margin of 16.67%. The firm had revenue of $20.10 million during the quarter, compared to the consensus estimate of $21.15 million. During the same period last year, the company earned $0.16 earnings per share.

A number of other analysts have also commented on the company. Litchfield Hills Research initiated coverage on Travelzoo in a report on Wednesday, September 4th. They set a "buy" rating and a $35.00 price objective for the company. StockNews.com downgraded shares of Travelzoo from a "strong-buy" rating to a "buy" rating in a report on Wednesday, October 23rd. Finally, Ascendiant Capital Markets boosted their price objective on Travelzoo from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Monday, August 19th.

Travelzoo Stock Performance

Shares of TZOO stock traded up $1.98 during trading hours on Monday, hitting $17.39. 458,564 shares of the company were exchanged, compared to its average volume of 108,011. The company has a 50 day simple moving average of $12.85 and a two-hundred day simple moving average of $10.13. The firm has a market cap of $213.72 million, a P/E ratio of 16.25 and a beta of 1.74. Travelzoo has a fifty-two week low of $6.80 and a fifty-two week high of $17.83.

Hedge Funds Weigh In On Travelzoo

A number of large investors have recently bought and sold shares of TZOO. ClariVest Asset Management LLC lifted its holdings in Travelzoo by 2.9% in the second quarter. ClariVest Asset Management LLC now owns 97,730 shares of the information services provider's stock valued at $742,000 after acquiring an additional 2,732 shares during the period. American Century Companies Inc. acquired a new stake in Travelzoo in the 2nd quarter valued at approximately $82,000. Ritholtz Wealth Management purchased a new stake in shares of Travelzoo in the 2nd quarter valued at $82,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of Travelzoo during the first quarter worth about $132,000. Finally, Fermata Advisors LLC acquired a new position in shares of Travelzoo in the second quarter worth $101,000. Institutional investors own 27.39% of the company's stock.

Insiders Place Their Bets

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 3,500 shares of the firm's stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $9.32, for a total value of $32,620.00. Following the transaction, the insider now directly owns 5,033,871 shares of the company's stock, valued at approximately $46,915,677.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Travelzoo news, CEO Holger Bartel sold 13,466 shares of the company's stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $10.19, for a total transaction of $137,218.54. Following the sale, the chief executive officer now directly owns 302,534 shares in the company, valued at $3,082,821.46. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Azzurro Capital Inc sold 3,500 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $9.32, for a total value of $32,620.00. Following the completion of the sale, the insider now owns 5,033,871 shares in the company, valued at approximately $46,915,677.72. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 419,254 shares of company stock valued at $5,071,496. Insiders own 47.00% of the company's stock.

Travelzoo announced that its board has authorized a share buyback plan on Wednesday, October 23rd that allows the company to repurchase 1,000,000 outstanding shares. This repurchase authorization allows the information services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

About Travelzoo

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.