Litchfield Hills Research Initiates Coverage on Travelzoo (NASDAQ:TZOO)

Equities research analysts at Litchfield Hills Research assumed coverage on shares of Travelzoo (NASDAQ:TZOO - Get Free Report) in a report issued on Wednesday, Benzinga reports. The brokerage set a "buy" rating and a $35.00 price target on the information services provider's stock. Litchfield Hills Research's price objective points to a potential upside of 216.46% from the company's previous close.

A number of other equities research analysts also recently weighed in on the company. StockNews.com downgraded Travelzoo from a "strong-buy" rating to a "buy" rating in a report on Monday, July 29th. Barrington Research reiterated an "outperform" rating and issued a $12.00 price target on shares of Travelzoo in a report on Friday, July 26th. Finally, Ascendiant Capital Markets boosted their price target on Travelzoo from $17.00 to $18.00 and gave the company a "buy" rating in a report on Monday, August 19th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, Travelzoo has an average rating of "Buy" and an average price target of $21.67.

Travelzoo Trading Up 0.6 %

TZOO stock traded up $0.07 during midday trading on Wednesday, hitting $11.06. 78,610 shares of the company's stock were exchanged, compared to its average volume of 99,978. Travelzoo has a 12-month low of $4.77 and a 12-month high of $12.59. The firm has a 50 day moving average price of $9.75 and a 200-day moving average price of $9.21. The stock has a market capitalization of $135.93 million, a price-to-earnings ratio of 12.25 and a beta of 1.74.

Travelzoo (NASDAQ:TZOO - Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The information services provider reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. Travelzoo had a return on equity of 170.06% and a net margin of 15.59%. The company had revenue of $21.14 million for the quarter, compared to the consensus estimate of $21.58 million. During the same period in the previous year, the business earned $0.17 EPS. On average, sell-side analysts forecast that Travelzoo will post 0.95 EPS for the current fiscal year.

Insider Activity at Travelzoo

In related news, major shareholder Azzurro Capital Inc sold 25,000 shares of the business's stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $7.80, for a total transaction of $195,000.00. Following the completion of the transaction, the insider now owns 5,089,871 shares in the company, valued at approximately $39,700,993.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Azzurro Capital Inc sold 25,000 shares of the business's stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $7.80, for a total transaction of $195,000.00. Following the completion of the transaction, the insider now owns 5,089,871 shares in the company, valued at approximately $39,700,993.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Holger Bartel sold 30,000 shares of the business's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $12.26, for a total value of $367,800.00. Following the transaction, the chief executive officer now owns 230,000 shares of the company's stock, valued at approximately $2,819,800. The disclosure for this sale can be found here. Insiders sold 149,466 shares of company stock worth $1,510,039 in the last 90 days. 57.45% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. ClariVest Asset Management LLC boosted its position in Travelzoo by 2.9% during the 2nd 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 during the period. Jump Financial LLC lifted its holdings in shares of Travelzoo by 46.4% in the fourth quarter. Jump Financial LLC now owns 30,900 shares of the information services provider's stock valued at $294,000 after buying an additional 9,800 shares during the period. American Century Companies Inc. acquired a new stake in shares of Travelzoo in the second quarter valued at $82,000. Ritholtz Wealth Management acquired a new stake in shares of Travelzoo in the second quarter valued at $82,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of Travelzoo in the first quarter valued at $132,000. 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.