Travelzoo (NASDAQ:TZOO) Downgraded by StockNews.com to Buy

StockNews.com lowered shares of Travelzoo (NASDAQ:TZOO) from a strong-buy rating to a buy rating in a research report sent to investors on Thursday.

Separately, Barrington Research decreased their price objective on Travelzoo from $14.00 to $12.00 and set an outperform rating for the company in a research note on Wednesday.

Travelzoo Stock Performance

Shares of TZOO opened at $8.59 on Thursday. The stock has a 50-day simple moving average of $9.59 and a 200-day simple moving average of $8.85. The stock has a market capitalization of $113.39 million, a PE ratio of 9.34 and a beta of 1.71. Travelzoo has a 1 year low of $4.77 and a 1 year high of $11.23.

Travelzoo (NASDAQ:TZOO) last announced its quarterly earnings data on Wednesday, April 24th. The information services provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.02. The business had revenue of $21.99 million during the quarter, compared to analysts’ expectations of $23.72 million. Travelzoo had a return on equity of 140.25% and a net margin of 15.24%. Analysts predict that Travelzoo will post 0.99 EPS for the current year.

Insider Transactions at Travelzoo

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 18,000 shares of Travelzoo stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $8.52, for a total transaction of $153,360.00. Following the transaction, the insider now owns 5,440,802 shares of the company’s stock, valued at $46,355,633.04. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last 90 days, insiders have sold 148,931 shares of company stock valued at $1,483,335. Corporate insiders own 57.45% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TZOO. Denali Advisors LLC increased its holdings in shares of Travelzoo by 71.9% in the third quarter. Denali Advisors LLC now owns 37,300 shares of the information services provider’s stock valued at $217,000 after purchasing an additional 15,600 shares during the period. Acadian Asset Management LLC boosted its stake in shares of Travelzoo by 16.0% in the third quarter. Acadian Asset Management LLC now owns 411,733 shares of the information services provider’s stock valued at $2,398,000 after buying an additional 56,741 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Travelzoo in the third quarter valued at approximately $82,000. Trexquant Investment LP boosted its stake in shares of Travelzoo by 184.1% in the third quarter. Trexquant Investment LP now owns 61,808 shares of the information services provider’s stock valued at $360,000 after buying an additional 40,051 shares in the last quarter. Finally, Janiczek Wealth Management LLC purchased a new stake in shares of Travelzoo in the fourth quarter valued at approximately $275,000. Institutional investors and hedge funds own 27.39% of the company’s stock.

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.