Holger Bartel Purchases 40,000 Shares of Travelzoo (NASDAQ:TZOO) Stock

Travelzoo (NASDAQ:TZOO) CEO Holger Bartel acquired 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was purchased at an average price of $5.43 per share, with a total value of $217,200.00. Following the completion of the acquisition, the chief executive officer directly owned 200,000 shares of the company’s stock, valued at $1,086,000. This represents a 25.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Holger Bartel also recently made the following trade(s):

• On Monday, February 23rd, Holger Bartel bought 100,000 shares of Travelzoo stock. The shares were acquired at an average price of $5.49 per share, for a total transaction of $549,000.00.
• On Friday, February 20th, Holger Bartel purchased 60,000 shares of Travelzoo stock. The stock was acquired at an average price of $5.18 per share, with a total value of $310,800.00.

Travelzoo Stock Performance

Shares of TZOO opened at $6.37 on Thursday. The company has a 50 day moving average price of $6.17 and a 200-day moving average price of $7.93. Travelzoo has a fifty-two week low of $4.72 and a fifty-two week high of $16.77. The stock has a market capitalization of $69.62 million, a PE ratio of 16.76 and a beta of 0.89.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings data on Thursday, February 19th. The information services provider reported $0.00 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.11). The business had revenue of $22.47 million during the quarter, compared to the consensus estimate of $22.54 million. Travelzoo had a negative return on equity of 120.98% and a net margin of 4.98%. Equities research analysts forecast that Travelzoo will post 1.09 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Cubist Systematic Strategies LLC purchased a new position in shares of Travelzoo during the first quarter worth approximately $120,000. Millennium Management LLC lifted its holdings in Travelzoo by 299.8% in the first quarter. Millennium Management LLC now owns 309,097 shares of the information services provider’s stock valued at $4,213,000 after acquiring an additional 231,790 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Travelzoo by 60.4% during the first quarter. Goldman Sachs Group Inc. now owns 45,528 shares of the information services provider’s stock worth $621,000 after buying an additional 17,146 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Travelzoo by 63.6% during the 1st quarter. Jane Street Group LLC now owns 28,779 shares of the information services provider’s stock worth $392,000 after acquiring an additional 11,189 shares in the last quarter. Finally, AlphaQuest LLC boosted its position in Travelzoo by 3,188.4% during the second quarter. AlphaQuest LLC now owns 2,828 shares of the information services provider’s stock worth $36,000 after purchasing an additional 2,742 shares in the last quarter. 27.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on TZOO shares. Ascendiant Capital Markets reduced their target price on shares of Travelzoo from $26.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. UBS Group set a $23.00 target price on shares of Travelzoo in a research report on Wednesday, November 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Travelzoo in a research report on Friday, January 9th. Barrington Research dropped their target price on Travelzoo from $13.00 to $8.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Finally, Zacks Research upgraded shares of Travelzoo from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.00.

Travelzoo Company Profile

Travelzoo (NASDAQ: TZOO) is a global internet media company specializing in publishing curated travel, entertainment and local deals to a subscriber base of millions. Through its website, mobile applications and weekly email newsletters, Travelzoo partners with airlines, hotels, cruise lines, tour operators and local merchants to promote time-sensitive offers at discounted rates. The company generates revenue primarily from media commissions, advertising arrangements and marketing services provided to its hotel and resort partners.

Founded in 1998, Travelzoo went public on the NASDAQ in 2003 under the ticker symbol TZOO.