ValuEngine Downgrades Travelzoo Inc. (TZOO) to Sell
Travelzoo Inc. (NASDAQ:TZOO) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.
Separately, TheStreet upgraded shares of Travelzoo from a “d+” rating to a “c-” rating in a report on Monday, May 1st.
Shares of Travelzoo (NASDAQ TZOO) opened at 8.70 on Tuesday. Travelzoo has a 12 month low of $8.30 and a 12 month high of $13.27. The company has a market capitalization of $110.59 million, a price-to-earnings ratio of 20.14 and a beta of 1.46. The firm’s 50-day moving average price is $10.02 and its 200-day moving average price is $9.78.
Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings data on Thursday, July 27th. The information services provider reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. Travelzoo had a net margin of 5.23% and a return on equity of 22.26%. The firm had revenue of $26.40 million for the quarter, compared to analyst estimates of $27.53 million. During the same quarter in the previous year, the business posted $0.14 EPS. The firm’s revenue was down 11.4% compared to the same quarter last year. Equities research analysts expect that Travelzoo will post $0.19 EPS for the current year.
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In other Travelzoo news, major shareholder Azzurro Capital Inc sold 59,688 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $10.92, for a total value of $651,792.96. Following the transaction, the insider now owns 7,410,925 shares in the company, valued at approximately $80,927,301. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ralph Bartel sold 2,500 shares of the business’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $10.78, for a total transaction of $26,950.00. The disclosure for this sale can be found here. Insiders sold a total of 225,842 shares of company stock worth $2,356,458 in the last quarter. 58.51% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of TZOO. ClariVest Asset Management LLC raised its position in shares of Travelzoo by 5.4% in the first quarter. ClariVest Asset Management LLC now owns 11,470 shares of the information services provider’s stock worth $111,000 after buying an additional 584 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Travelzoo by 4.5% in the first quarter. Bank of New York Mellon Corp now owns 13,887 shares of the information services provider’s stock worth $134,000 after buying an additional 603 shares in the last quarter. Northern Trust Corp raised its position in shares of Travelzoo by 3.8% in the second quarter. Northern Trust Corp now owns 54,944 shares of the information services provider’s stock worth $601,000 after buying an additional 2,034 shares in the last quarter. Nine Chapters Capital Management LLC raised its position in shares of Travelzoo by 19.1% in the first quarter. Nine Chapters Capital Management LLC now owns 15,600 shares of the information services provider’s stock worth $151,000 after buying an additional 2,504 shares in the last quarter. Finally, Brandes Investment Partners LP purchased a new position in shares of Travelzoo during the first quarter worth approximately $141,000. Hedge funds and other institutional investors own 25.19% of the company’s stock.
Travelzoo Company Profile
Travelzoo, formerly Travelzoo Inc, is a media commerce company. The Company informs over 28 million members in Asia Pacific, Europe and North America, as well as various Website users, about the travel and entertainment deals available from a range of companies. The Company operates through three segments: Asia Pacific, Europe and North America.
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