Travelzoo (NASDAQ:TZOO) Short Interest Update

Travelzoo (NASDAQ:TZOO - Get Free Report) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 314,500 shares, an increase of 39.3% from the February 13th total of 225,800 shares. Based on an average trading volume of 149,700 shares, the short-interest ratio is currently 2.1 days. Approximately 4.3% of the company's stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reduced their target price on shares of Travelzoo from $25.00 to $17.00 and set an "outperform" rating for the company in a research note on Tuesday, February 25th.

Insider Activity

In other news, CEO Holger Bartel sold 23,057 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now directly owns 4,000 shares of the company's stock, valued at $78,920. This trade represents a 85.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Azzurro Capital Inc sold 40,000 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $15.26, for a total value of $610,400.00. Following the completion of the sale, the insider now directly owns 4,382,696 shares of the company's stock, valued at approximately $66,879,940.96. The trade was a 0.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 87,057 shares of company stock worth $1,518,995 in the last ninety days. Corporate insiders own 57.45% of the company's stock.

Remove Ads

Institutional Trading of Travelzoo

A number of institutional investors and hedge funds have recently modified their holdings of the company. Ancora Advisors LLC acquired a new position in Travelzoo in the 4th quarter valued at $30,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Travelzoo in the third quarter valued at about $35,000. Lazard Asset Management LLC acquired a new stake in shares of Travelzoo in the fourth quarter valued at about $87,000. Tower Research Capital LLC TRC increased its stake in shares of Travelzoo by 556.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,599 shares of the information services provider's stock worth $112,000 after purchasing an additional 4,746 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in shares of Travelzoo during the 3rd quarter worth about $134,000. 27.39% of the stock is currently owned by institutional investors and hedge funds.

Travelzoo Trading Down 0.4 %

NASDAQ TZOO traded down $0.06 during trading on Thursday, hitting $13.81. 58,892 shares of the company traded hands, compared to its average volume of 121,942. Travelzoo has a 12 month low of $7.12 and a 12 month high of $24.85. The business has a fifty day simple moving average of $18.49 and a 200 day simple moving average of $17.24. The company has a market capitalization of $163.01 million, a P/E ratio of 12.91 and a beta of 1.69.

Travelzoo (NASDAQ:TZOO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The information services provider reported $0.26 earnings per share for the quarter, meeting analysts' consensus estimates of $0.26. The business had revenue of $20.68 million for the quarter, compared to the consensus estimate of $22.06 million. Travelzoo had a return on equity of 210.54% and a net margin of 16.67%. During the same period last year, the business earned $0.23 EPS. Equities research analysts predict that Travelzoo will post 1.09 EPS for the current fiscal year.

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.