Travelzoo (NASDAQ:TZOO) Sees Large Increase in Short Interest

Travelzoo (NASDAQ:TZOO - Get Free Report) saw a large increase in short interest in January. As of January 15th, there was short interest totalling 185,300 shares, an increase of 23.2% from the December 31st total of 150,400 shares. Approximately 2.5% of the company's shares are short sold. Based on an average daily volume of 138,500 shares, the short-interest ratio is currently 1.3 days.

Insider Buying and Selling at Travelzoo

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 20,000 shares of the firm's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $19.60, for a total value of $392,000.00. Following the sale, the insider now directly owns 4,442,696 shares of the company's stock, valued at approximately $87,076,841.60. This trade represents a 0.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Holger Bartel sold 23,057 shares of Travelzoo stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $19.73, for a total value of $454,914.61. Following the completion of the sale, the chief executive officer now owns 4,000 shares of the company's stock, valued at $78,920. This trade represents a 85.22 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 155,557 shares of company stock worth $2,843,940. Corporate insiders own 57.45% of the company's stock.

Hedge Funds Weigh In On Travelzoo

A number of hedge funds have recently made changes to their positions in TZOO. American Century Companies Inc. acquired a new stake in Travelzoo in the 2nd quarter valued at $82,000. Ritholtz Wealth Management boosted its position in shares of Travelzoo by 217.4% in the third quarter. Ritholtz Wealth Management now owns 34,453 shares of the information services provider's stock worth $415,000 after buying an additional 23,599 shares during the period. Hennion & Walsh Asset Management Inc. grew its stake in shares of Travelzoo by 169.5% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 127,186 shares of the information services provider's stock valued at $1,533,000 after buying an additional 79,990 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Travelzoo during the 3rd quarter valued at about $35,000. Finally, Quadrature Capital Ltd acquired a new position in Travelzoo during the 3rd quarter worth approximately $134,000. Hedge funds and other institutional investors own 27.39% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Barrington Research boosted their target price on shares of Travelzoo from $12.00 to $15.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. StockNews.com cut shares of Travelzoo from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 1st. Finally, Ascendiant Capital Markets increased their target price on Travelzoo from $18.00 to $23.00 and gave the stock a "buy" rating in a research report on Monday, November 11th.

Travelzoo Stock Performance

TZOO traded up $0.07 on Friday, reaching $19.83. 64,905 shares of the company's stock were exchanged, compared to its average volume of 96,526. Travelzoo has a twelve month low of $7.12 and a twelve month high of $22.44. The company's 50 day moving average is $20.09 and its 200-day moving average is $15.66. The company has a market cap of $233.99 million, a price-to-earnings ratio of 18.53 and a beta of 1.71.

Travelzoo announced that its board has initiated a stock repurchase program on Wednesday, October 23rd that allows the company to repurchase 1,000,000 shares. This repurchase authorization allows the information services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.

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.