Short Interest in Travelzoo (NASDAQ:TZOO) Increases By 23.2%

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

Insider Buying and Selling at Travelzoo

In other news, CEO Holger Bartel sold 23,057 shares of the business'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 owns 4,000 shares in the company, valued at approximately $78,920. The trade was a 85.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Azzurro Capital Inc sold 20,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $19.60, for a total transaction 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 265,557 shares of company stock valued at $4,672,865. Company insiders own 47.00% of the company's stock.

Institutional Trading of Travelzoo

Several institutional investors have recently added to or reduced their stakes in TZOO. Hennion & Walsh Asset Management Inc. increased its position in shares of Travelzoo by 169.5% in 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 purchasing an additional 79,990 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Travelzoo in the 3rd quarter worth about $298,000. Ritholtz Wealth Management boosted its holdings in shares of Travelzoo by 217.4% in the 3rd quarter. Ritholtz Wealth Management now owns 34,453 shares of the information services provider's stock valued at $415,000 after buying an additional 23,599 shares during the period. Virtu Financial LLC acquired a new position in shares of Travelzoo in the 3rd quarter valued at about $173,000. Finally, XTX Topco Ltd grew its position in shares of Travelzoo by 103.5% during the 3rd quarter. XTX Topco Ltd now owns 25,274 shares of the information services provider's stock valued at $305,000 after buying an additional 12,854 shares during the last quarter. 27.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TZOO. Ascendiant Capital Markets upped their price target on shares of Travelzoo from $18.00 to $23.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Barrington Research upped their target price on Travelzoo from $12.00 to $15.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 22nd. Finally, StockNews.com downgraded Travelzoo from a "strong-buy" rating to a "buy" rating in a report on Friday, November 1st.

Travelzoo Trading Up 0.6 %

TZOO stock traded up $0.12 during trading on Friday, reaching $20.98. The stock had a trading volume of 84,356 shares, compared to its average volume of 113,205. The firm has a fifty day moving average price of $19.75 and a 200 day moving average price of $14.60. The company has a market capitalization of $247.56 million, a P/E ratio of 19.61 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 results on Wednesday, October 23rd. The information services provider reported $0.26 EPS for the quarter, topping the consensus estimate of $0.20 by $0.06. Travelzoo had a return on equity of 210.54% and a net margin of 16.67%. The business had revenue of $20.10 million for the quarter, compared to analysts' expectations of $21.15 million. During the same quarter in the previous year, the firm posted $0.16 earnings per share. Sell-side analysts predict that Travelzoo will post 1.09 EPS for the current year.

Travelzoo announced that its Board of Directors has initiated a share repurchase program on Wednesday, October 23rd that authorizes the company to repurchase 1,000,000 shares. This repurchase authorization authorizes the information services provider to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Travelzoo Company Profile

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.