Travelzoo (NASDAQ:TZOO - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.15 and traded as high as $18.73. Travelzoo shares last traded at $18.47, with a volume of 121,166 shares changing hands.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the stock. Litchfield Hills Research initiated coverage on shares of Travelzoo in a research report on Wednesday, September 4th. They issued a "buy" rating and a $35.00 target price for the company. StockNews.com downgraded shares of Travelzoo from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 1st. Barrington Research lifted their price objective on shares of Travelzoo from $12.00 to $15.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. Finally, Ascendiant Capital Markets boosted their price target on shares of Travelzoo from $18.00 to $23.00 and gave the stock a "buy" rating in a report on Monday, November 11th.
Get Our Latest Stock Analysis on Travelzoo
Travelzoo Stock Down 0.7 %
The stock has a market cap of $216.49 million, a PE ratio of 17.26 and a beta of 1.69. The company's fifty day moving average is $14.73 and its 200 day moving average is $11.15.
Travelzoo (NASDAQ:TZOO - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The information services provider reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.06. The business had revenue of $20.10 million during the quarter, compared to the consensus estimate of $21.15 million. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. During the same quarter last year, the company earned $0.16 earnings per share. Equities analysts expect that Travelzoo will post 1.09 EPS for the current year.
Travelzoo announced that its Board of Directors has approved a stock repurchase 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. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.
Insider Buying and Selling
In related news, CEO Holger Bartel sold 100,000 shares of the business's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $11.44, for a total value of $1,144,000.00. Following the completion of the sale, the chief executive officer now directly owns 100,000 shares in the company, valued at approximately $1,144,000. The trade was a 50.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Azzurro Capital Inc sold 15,000 shares of the company's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $14.72, for a total value of $220,800.00. Following the transaction, the insider now owns 4,960,196 shares of the company's stock, valued at approximately $73,014,085.12. This trade represents a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 497,288 shares of company stock valued at $7,123,608. 47.00% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Travelzoo
Large investors have recently made changes to their positions in the company. ClariVest Asset Management LLC lifted its stake in Travelzoo by 2.9% in the second quarter. ClariVest Asset Management LLC now owns 97,730 shares of the information services provider's stock valued at $742,000 after buying an additional 2,732 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Travelzoo during the 3rd quarter worth approximately $35,000. Geode Capital Management LLC lifted its position in shares of Travelzoo by 10.6% during the 3rd quarter. Geode Capital Management LLC now owns 82,241 shares of the information services provider's stock valued at $991,000 after acquiring an additional 7,857 shares during the period. American Century Companies Inc. bought a new stake in shares of Travelzoo during the 2nd quarter worth $82,000. Finally, Ritholtz Wealth Management bought a new stake in shares of Travelzoo during the 2nd quarter worth $82,000. Institutional investors and hedge funds own 27.39% of the company's stock.
About Travelzoo
(
Get Free Report)
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.
Further Reading
Before you consider Travelzoo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Travelzoo wasn't on the list.
While Travelzoo currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.