Travelzoo (NASDAQ:TZOO) Short Interest Update

Travelzoo (NASDAQ:TZOO - Get Free Report) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 234,300 shares, a growth of 27.8% from the January 15th total of 183,400 shares. Approximately 3.2% of the company's stock are short sold. Based on an average trading volume of 130,900 shares, the short-interest ratio is currently 1.8 days.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Travelzoo

In related news, major shareholder Azzurro Capital Inc sold 20,000 shares of the business's stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $19.60, for a total value of $392,000.00. Following the completion of the sale, the insider now directly owns 4,442,696 shares of the company's stock, valued at $87,076,841.60. The trade was a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $454,914.61. Following the transaction, the chief executive officer now directly owns 4,000 shares in the company, valued at approximately $78,920. The trade was a 85.22 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 57.45% of the company's stock.

Institutional Trading of Travelzoo

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ancora Advisors LLC purchased a new position in Travelzoo during the fourth quarter worth about $30,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Travelzoo during the 3rd quarter worth approximately $35,000. Lazard Asset Management LLC acquired a new stake in shares of Travelzoo in the 4th quarter valued at approximately $87,000. Tower Research Capital LLC TRC boosted 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 valued at $112,000 after buying an additional 4,746 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of Travelzoo in the third quarter valued at approximately $134,000. Hedge funds and other institutional investors own 27.39% of the company's stock.

Travelzoo Price Performance

Shares of NASDAQ:TZOO traded down $0.41 during trading on Tuesday, reaching $20.81. The company had a trading volume of 106,363 shares, compared to its average volume of 125,525. The stock's fifty day moving average price is $20.51 and its 200 day moving average price is $16.68. Travelzoo has a fifty-two week low of $7.12 and a fifty-two week high of $24.85. The firm has a market capitalization of $245.56 million, a price-to-earnings ratio of 19.45 and a beta of 1.70.

Travelzoo declared that its Board of Directors has approved a share buyback program on Wednesday, October 23rd that permits the company to buyback 1,000,000 shares. This buyback authorization permits the information services provider to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board 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.