Wall Street Zen Upgrades Travelzoo (NASDAQ:TZOO) to “Hold”

Travelzoo (NASDAQ:TZOO) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

A number of other analysts have also weighed in on TZOO. UBS Group set a $9.50 price target on shares of Travelzoo in a report on Wednesday, July 29th. Ascendiant Capital Markets cut their price target on shares of Travelzoo from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, August 20th. Weiss Ratings cut shares of Travelzoo from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 29th. Finally, Zacks Research raised Travelzoo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 20th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Travelzoo currently has a consensus rating of “Hold” and a consensus price target of $13.83.

Travelzoo Stock Performance

Shares of NASDAQ TZOO opened at $5.16 on Friday. Travelzoo has a fifty-two week low of $4.72 and a fifty-two week high of $12.39. The company has a market cap of $52.63 million, a price-to-earnings ratio of -28.67 and a beta of 1.47. The business’s 50 day moving average price is $5.66 and its 200-day moving average price is $7.41.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings data on Tuesday, October 27th. The information services provider reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.11). The business had revenue of $22.91 million for the quarter, compared to analyst estimates of $22.97 million. Travelzoo had a negative return on equity of 9.35% and a negative net margin of 1.82%. During the same period in the previous year, the business posted $0.01 earnings per share. Sell-side analysts predict that Travelzoo will post -0.12 earnings per share for the current year.

Hedge Funds Weigh In On Travelzoo

A hedge fund recently bought a new stake in Travelzoo stock. Bank of New York Mellon Corp purchased a new position in Travelzoo (NASDAQ:TZOO) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 55,177 shares of the information services provider’s stock, valued at approximately $644,000. Bank of New York Mellon Corp owned approximately 0.54% of Travelzoo at the end of the most recent quarter. 27.39% of the stock is owned by institutional investors.

About Travelzoo

Travelzoo (NASDAQ: TZOO) is an internet media company that publishes travel and entertainment offers for consumers. Its platform features deals on hotels, vacations, cruises, flights, restaurants, spas, events and other leisure activities, connecting participating businesses with an audience of members and website visitors.

The company’s products and services include its travel and local-deals publications, destination and deal guides, and online tools that help users discover and compare travel opportunities.