Travelzoo (NASDAQ:TZOO) Short Interest Down 21.2% in December

Travelzoo (NASDAQ:TZOO - Get Free Report) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 150,400 shares, a drop of 21.2% from the November 30th total of 190,900 shares. Currently, 2.1% of the company's shares are short sold. Based on an average daily volume of 133,500 shares, the short-interest ratio is presently 1.1 days.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Litchfield Hills Research initiated coverage on shares of Travelzoo in a research note on Wednesday, September 4th. They set a "buy" rating and a $35.00 price objective for the company. StockNews.com lowered Travelzoo from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 1st. Barrington Research lifted their price objective on Travelzoo from $12.00 to $15.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 22nd. Finally, Ascendiant Capital Markets upped their target price on Travelzoo from $18.00 to $23.00 and gave the company a "buy" rating in a report on Monday, November 11th.

Insider Activity at Travelzoo

In other Travelzoo news, CEO Holger Bartel sold 23,057 shares of the business's stock in a transaction that occurred on Friday, December 20th. The stock was 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 in the company, 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 can be accessed through this hyperlink. Also, major shareholder Azzurro Capital Inc sold 10,000 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $15.02, for a total value of $150,200.00. Following the sale, the insider now directly owns 4,837,696 shares of the company's stock, valued at approximately $72,662,193.92. This trade represents a 0.21 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 265,557 shares of company stock valued at $4,672,865. Insiders own 57.45% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Hennion & Walsh Asset Management Inc. increased its position 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 valued at $1,533,000 after buying an additional 79,990 shares in the last quarter. XTX Topco Ltd grew its stake in shares of Travelzoo by 103.5% in the third quarter. XTX Topco Ltd now owns 25,274 shares of the information services provider's stock worth $305,000 after acquiring an additional 12,854 shares during the last quarter. Ritholtz Wealth Management increased its holdings in shares of Travelzoo by 217.4% during the third quarter. Ritholtz Wealth Management now owns 34,453 shares of the information services provider's stock valued at $415,000 after acquiring an additional 23,599 shares in the last quarter. American Century Companies Inc. purchased a new position in shares of Travelzoo in the 2nd quarter worth about $82,000. Finally, ClariVest Asset Management LLC boosted its stake in Travelzoo by 2.9% in the 2nd quarter. ClariVest Asset Management LLC now owns 97,730 shares of the information services provider's stock worth $742,000 after purchasing an additional 2,732 shares in the last quarter. 27.39% of the stock is currently owned by institutional investors.

Travelzoo Price Performance

TZOO stock traded down $2.40 during trading on Friday, reaching $19.72. The company had a trading volume of 271,849 shares, compared to its average volume of 112,896. Travelzoo has a 52 week low of $7.12 and a 52 week high of $22.44. The business has a 50 day moving average of $18.64 and a 200 day moving average of $13.43. The company has a market cap of $232.77 million, a P/E ratio of 18.43 and a beta of 1.71.

Travelzoo (NASDAQ:TZOO - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The information services provider reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.06. The firm had revenue of $20.10 million during the quarter, compared to analyst estimates of $21.15 million. Travelzoo had a return on equity of 210.54% and a net margin of 16.67%. During the same quarter in the prior year, the company earned $0.16 EPS. Research analysts expect that Travelzoo will post 1.09 earnings per share for the current year.

Travelzoo announced that its board has authorized a share buyback program on Wednesday, October 23rd that allows the company to repurchase 1,000,000 outstanding shares. This repurchase authorization allows the information services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors 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.