Ascendiant Capital Markets Has Lowered Expectations for Travelzoo (NASDAQ:TZOO) Stock Price

Travelzoo (NASDAQ:TZOO) had its price target decreased by stock analysts at Ascendiant Capital Markets from $23.00 to $20.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the information services provider’s stock. Ascendiant Capital Markets’ target price points to a potential upside of 194.99% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the stock. UBS Group set a $9.50 price target on shares of Travelzoo in a research note on Wednesday, July 29th. Barrington Research increased their price objective on shares of Travelzoo from $8.00 to $12.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Wall Street Zen cut shares of Travelzoo from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Travelzoo in a research note on Friday, August 14th. Finally, Zacks Research cut shares of Travelzoo from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Travelzoo has a consensus rating of “Hold” and a consensus target price of $13.83.

Travelzoo Trading Down 0.6%

TZOO stock traded down $0.04 on Thursday, hitting $6.78. The company’s stock had a trading volume of 41,584 shares, compared to its average volume of 172,253. The firm has a 50 day moving average of $9.38 and a two-hundred day moving average of $8.24. Travelzoo has a 1 year low of $4.72 and a 1 year high of $12.39. The stock has a market cap of $69.16 million, a price-to-earnings ratio of 226.00 and a beta of 1.33.

Travelzoo (NASDAQ:TZOO) last announced its quarterly earnings data on Tuesday, July 28th. The information services provider reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.35). The firm had revenue of $23.21 million for the quarter, compared to analysts’ expectations of $25.00 million. Travelzoo had a negative return on equity of 9.35% and a net margin of 0.51%.During the same quarter in the previous year, the company posted $0.12 EPS. As a group, equities analysts forecast that Travelzoo will post -0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp purchased a new stake in shares of Travelzoo during the second quarter valued at approximately $644,000. Thompson Davis & CO. Inc. purchased a new stake in shares of Travelzoo during the first quarter valued at approximately $86,000. AQR Capital Management LLC raised its stake in shares of Travelzoo by 28.5% during the fourth quarter. AQR Capital Management LLC now owns 101,449 shares of the information services provider’s stock valued at $722,000 after purchasing an additional 22,490 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of Travelzoo during the fourth quarter valued at approximately $115,000. Finally, Jain Global LLC purchased a new stake in shares of Travelzoo during the fourth quarter valued at approximately $74,000. Hedge funds and other institutional investors own 27.39% of the company’s stock.

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.