Travelzoo (NASDAQ:TZOO) Lowered to Buy Rating by StockNews.com

Travelzoo (NASDAQ:TZOO - Get Free Report) was downgraded by equities researchers at StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Friday.

Other analysts also recently issued reports about the company. Ascendiant Capital Markets raised their price target on Travelzoo from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Monday, August 19th. Litchfield Hills Research started coverage on Travelzoo in a research report on Wednesday, September 4th. They issued a "buy" rating and a $35.00 price target for the company. Finally, Barrington Research increased their target price on Travelzoo from $12.00 to $15.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd.

Travelzoo Price Performance

Shares of NASDAQ TZOO traded up $0.49 during midday trading on Friday, reaching $17.59. 158,252 shares of the stock traded hands, compared to its average volume of 109,007. The stock has a market capitalization of $216.18 million, a PE ratio of 16.44 and a beta of 1.74. Travelzoo has a one year low of $7.04 and a one year high of $18.22. The company's 50 day moving average is $13.25 and its 200 day moving average is $10.34.

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 analysts' consensus estimates of $0.20 by $0.06. The firm 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 in the prior year, the company earned $0.16 EPS. As a group, equities analysts forecast that Travelzoo will post 1.09 EPS for the current year.

Travelzoo declared that its Board of Directors has approved a stock repurchase plan on Wednesday, October 23rd 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. Stock buyback plans are typically an indication that the company's management believes its stock is undervalued.

Insider Activity

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 3,500 shares of Travelzoo 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 owns 5,033,871 shares in the company, valued at $46,915,677.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Travelzoo news, major shareholder Azzurro Capital Inc sold 3,500 shares of Travelzoo 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 owns 5,033,871 shares in the company, valued at $46,915,677.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Holger Bartel sold 30,000 shares of Travelzoo stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $12.26, for a total value of $367,800.00. Following the completion of the transaction, the chief executive officer now owns 230,000 shares in the company, valued at $2,819,800. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 453,288 shares of company stock worth $5,922,703. Company insiders own 57.45% of the company's stock.

Institutional Investors Weigh In On Travelzoo

Several institutional investors have recently added to or reduced their stakes in the business. ClariVest Asset Management LLC boosted 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 worth $742,000 after acquiring an additional 2,732 shares in the last quarter. American Century Companies Inc. acquired a new stake in Travelzoo in the second quarter worth about $82,000. Ritholtz Wealth Management acquired a new stake in Travelzoo in the second quarter worth about $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 stake in shares of Travelzoo during the second quarter worth about $101,000. Institutional investors and hedge funds own 27.39% of the company's stock.

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.