Travelzoo (NASDAQ:TZOO) Receives $18.00 Consensus Target Price from Analysts

Travelzoo (NASDAQ:TZOOGet Free Report) has received a consensus rating of “Hold” from the five brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $18.00.

Several equities analysts have recently issued reports on the company. Zacks Research lowered Travelzoo from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. Ascendiant Capital Markets dropped their price objective on 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 note on Friday, January 9th. Finally, Barrington Research lowered their price target on shares of Travelzoo from $13.00 to $8.00 and set an “outperform” rating for the company in a research report on Friday, February 20th.

Check Out Our Latest Analysis on Travelzoo

Travelzoo News Summary

Here are the key news stories impacting Travelzoo this week:

Insider Buying and Selling at Travelzoo

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 40,000 shares of the firm’s stock in a transaction dated Friday, December 26th. The stock was sold at an average price of $6.97, for a total transaction of $278,800.00. Following the transaction, the insider owned 3,662,696 shares in the company, valued at approximately $25,528,991.12. This trade represents a 1.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Holger Bartel bought 100,000 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were bought at an average price of $5.49 per share, with a total value of $549,000.00. Following the completion of the transaction, the chief executive officer directly owned 160,000 shares in the company, valued at approximately $878,400. This trade represents a 166.67% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders bought 200,000 shares of company stock worth $1,077,000 and sold 102,500 shares worth $727,150. 43.20% of the stock is owned by company insiders.

Institutional Trading of Travelzoo

Hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue bought a new position in Travelzoo during the 4th quarter worth approximately $25,000. Quarry LP bought a new stake in Travelzoo in the third quarter valued at approximately $26,000. Bank of America Corp DE raised its holdings in Travelzoo by 1,242.5% in the second quarter. Bank of America Corp DE now owns 2,148 shares of the information services provider’s stock worth $27,000 after purchasing an additional 1,988 shares during the period. AlphaQuest LLC raised its holdings in Travelzoo by 3,188.4% in 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 during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Travelzoo by 42,900.0% during the second quarter. JPMorgan Chase & Co. now owns 3,010 shares of the information services provider’s stock worth $38,000 after purchasing an additional 3,003 shares in the last quarter. 27.39% of the stock is currently owned by institutional investors and hedge funds.

Travelzoo Price Performance

TZOO stock opened at $6.72 on Monday. The company has a 50 day moving average price of $6.09 and a 200 day moving average price of $7.75. Travelzoo has a fifty-two week low of $4.72 and a fifty-two week high of $16.56. The stock has a market capitalization of $73.46 million, a PE ratio of 17.68 and a beta of 0.84.

Travelzoo (NASDAQ:TZOOGet Free Report) last announced 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 firm had revenue of $22.47 million during the quarter, compared to the consensus estimate of $22.54 million. Travelzoo had a net margin of 4.98% and a negative return on equity of 120.98%. As a group, equities analysts expect that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Travelzoo announced that its Board of Directors has approved a stock repurchase plan on Thursday, March 5th that allows the company to buyback 1,000,000 shares. This buyback authorization allows the information services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

About Travelzoo

(Get Free Report)

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.

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Analyst Recommendations for Travelzoo (NASDAQ:TZOO)

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