Travelzoo (NASDAQ:TZOO - Get Free Report) CEO Holger Bartel sold 23,057 shares of the company's stock in a transaction on Friday, December 20th. The stock was sold at an average price of $19.73, for a total transaction of $454,914.61. Following the completion of the transaction, the chief executive officer now directly owns 4,000 shares of the company's stock, valued at approximately $78,920. The trade was a 85.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Travelzoo Stock Performance
Shares of Travelzoo stock traded up $1.33 during trading on Thursday, reaching $22.12. 154,204 shares of the company's stock were exchanged, compared to its average volume of 112,257. The firm's 50-day moving average price is $18.50 and its 200 day moving average price is $13.31. The company has a market cap of $261.10 million, a P/E ratio of 20.67 and a beta of 1.71. Travelzoo has a 1-year low of $7.12 and a 1-year high of $22.44.
Travelzoo (NASDAQ:TZOO - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The information services provider reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.06. The company had revenue of $20.10 million for the quarter, compared to the consensus estimate of $21.15 million. Travelzoo had a return on equity of 210.54% and a net margin of 16.67%. During the same quarter last year, the business posted $0.16 EPS. As a group, equities research analysts predict that Travelzoo will post 1.09 EPS for the current year.
Travelzoo declared that its Board of Directors has initiated a share buyback program on Wednesday, October 23rd that authorizes the company to buyback 1,000,000 shares. This buyback authorization authorizes the information services provider to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.
Institutional Investors Weigh In On Travelzoo
Several large investors have recently modified their holdings of TZOO. Ritholtz Wealth Management bought a new position in shares of Travelzoo during the 2nd quarter worth approximately $82,000. ClariVest Asset Management LLC increased its stake 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 purchasing an additional 2,732 shares in the last quarter. American Century Companies Inc. acquired a new position in shares of Travelzoo during the second quarter valued at about $82,000. Hennion & Walsh Asset Management Inc. raised its stake in Travelzoo by 169.5% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 127,186 shares of the information services provider's stock worth $1,533,000 after buying an additional 79,990 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Travelzoo during the third quarter valued at approximately $35,000. 27.39% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have weighed in on TZOO shares. Ascendiant Capital Markets upped their price target on Travelzoo from $18.00 to $23.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Barrington Research raised their price objective on Travelzoo from $12.00 to $15.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. StockNews.com lowered Travelzoo from a "strong-buy" rating to a "buy" rating in a report on Friday, November 1st. Finally, Litchfield Hills Research assumed coverage on Travelzoo in a research note on Wednesday, September 4th. They set a "buy" rating and a $35.00 price objective on the stock.
Check Out Our Latest Stock Report on TZOO
About Travelzoo
(
Get Free Report)
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.
Recommended Stories
Before you consider Travelzoo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Travelzoo wasn't on the list.
While Travelzoo currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
