Travelzoo (NASDAQ:TZOO) Short Interest Up 109.5% in August

Travelzoo (NASDAQ:TZOO - Get Free Report) saw a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 110,000 shares, an increase of 109.5% from the July 31st total of 52,500 shares. Based on an average daily volume of 97,100 shares, the days-to-cover ratio is currently 1.1 days. Approximately 1.5% of the company's shares are short sold.

Travelzoo Trading Down 2.6 %

Shares of NASDAQ TZOO traded down $0.32 during mid-day trading on Wednesday, hitting $11.89. The company had a trading volume of 67,340 shares, compared to its average volume of 100,242. The company has a market capitalization of $155.74 million, a PE ratio of 13.07 and a beta of 1.74. The firm has a 50-day simple moving average of $9.44 and a two-hundred day simple moving average of $9.12. Travelzoo has a one year low of $4.77 and a one year high of $12.59.

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

Insider Activity

In other news, CEO Holger Bartel sold 30,000 shares of the 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, major shareholder Azzurro Capital Inc sold 25,000 shares of the firm's stock in a transaction 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 sale, the insider now owns 5,089,871 shares of the company's stock, valued at approximately $39,700,993.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Holger Bartel sold 30,000 shares of the firm'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 sale, the chief executive officer now directly owns 230,000 shares in the company, valued at approximately $2,819,800. The disclosure for this sale can be found here. Insiders have sold a total of 166,966 shares of company stock valued at $1,644,964 in the last 90 days. 57.45% of the stock is owned by company insiders.

Hedge Funds Weigh In On Travelzoo

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC grew its holdings in Travelzoo by 9.7% during the first quarter. Acadian Asset Management LLC now owns 535,786 shares of the information services provider's stock worth $5,451,000 after purchasing an additional 47,352 shares during the period. ClariVest Asset Management LLC lifted its position in Travelzoo by 2.9% during 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 during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in Travelzoo by 73.7% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 47,196 shares of the information services provider's stock worth $358,000 after acquiring an additional 20,019 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Travelzoo during the fourth quarter worth approximately $445,000. Finally, Jump Financial LLC lifted its position in Travelzoo by 46.4% during the fourth quarter. Jump Financial LLC now owns 30,900 shares of the information services provider's stock worth $294,000 after acquiring an additional 9,800 shares during the last quarter. Institutional investors own 27.39% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on TZOO. StockNews.com downgraded Travelzoo from a "strong-buy" rating to a "buy" rating in a research note on Monday, July 29th. Ascendiant Capital Markets lifted their price target on Travelzoo from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Monday, August 19th. Finally, Barrington Research reissued an "outperform" rating and issued a $12.00 price target on shares of Travelzoo in a research note on Friday, July 26th.

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.

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