Travelzoo (NASDAQ:TZOO) PT Lowered to $10.00 at Barrington Research

Travelzoo (NASDAQ:TZOO – Get Rating) had its target price cut by Barrington Research from $12.00 to $10.00 in a research report report published on Friday morning, The Fly reports. They currently have an outperform rating on the information services provider’s stock.

Other research analysts have also issued research reports about the stock. StockNews.com began coverage on shares of Travelzoo in a research report on Thursday, March 31st. They set a buy rating for the company. TheStreet downgraded shares of Travelzoo from a c rating to a d+ rating in a report on Wednesday, July 27th. Finally, Ascendiant Capital Markets boosted their price objective on shares of Travelzoo to $19.00 and gave the stock a na rating in a report on Monday, May 16th.

Travelzoo Price Performance

Travelzoo stock opened at $5.09 on Friday. The firm has a market cap of $64.11 million, a price-to-earnings ratio of 13.40 and a beta of 1.55. Travelzoo has a fifty-two week low of $5.05 and a fifty-two week high of $14.95. The firm has a fifty day moving average price of $6.38 and a two-hundred day moving average price of $7.20.

Insider Transactions at Travelzoo

In related news, Director Ralph Bartel sold 5,000 shares of the company’s stock in a transaction dated Thursday, May 12th. The shares were sold at an average price of $6.54, for a total value of $32,700.00. Following the sale, the director now owns 4,526,403 shares of the company’s stock, valued at $29,602,675.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Travelzoo news, CEO Holger Bartel bought 25,000 shares of the stock in a transaction that occurred on Friday, July 29th. The shares were acquired at an average price of $5.44 per share, with a total value of $136,000.00. Following the completion of the purchase, the chief executive officer now directly owns 516,000 shares in the company, valued at approximately $2,807,040. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ralph Bartel sold 5,000 shares of the company’s stock in a transaction dated Thursday, May 12th. The stock was sold at an average price of $6.54, for a total transaction of $32,700.00. Following the sale, the director now directly owns 4,526,403 shares in the company, valued at $29,602,675.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,788 shares of company stock worth $212,099. 47.42% of the stock is currently owned by company insiders.

Institutional Trading of Travelzoo

Several large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its stake in Travelzoo by 2.0% during the first quarter. Bank of New York Mellon Corp now owns 86,070 shares of the information services provider’s stock worth $564,000 after buying an additional 1,690 shares during the last quarter. State Street Corp lifted its position in shares of Travelzoo by 6.4% during the first quarter. State Street Corp now owns 29,869 shares of the information services provider’s stock worth $196,000 after purchasing an additional 1,807 shares in the last quarter. Raymond James & Associates lifted its position in shares of Travelzoo by 21.4% during the fourth quarter. Raymond James & Associates now owns 14,740 shares of the information services provider’s stock worth $139,000 after purchasing an additional 2,600 shares in the last quarter. Covestor Ltd acquired a new position in shares of Travelzoo during the fourth quarter worth approximately $42,000. Finally, Essex Investment Management Co. LLC lifted its position in shares of Travelzoo by 4.9% during the first quarter. Essex Investment Management Co. LLC now owns 103,901 shares of the information services provider’s stock worth $682,000 after purchasing an additional 4,844 shares in the last quarter. 34.22% of the stock is owned by institutional investors.

Travelzoo Company Profile

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Travelzoo, an Internet media company, provides travel, entertainment, and local deals from travel and entertainment companies, and local businesses in the Asia Pacific, Europe, and North America. Its publications and products include Travelzoo Website; Travelzoo iPhone and Android apps; Travelzoo Top 20 email newsletter; and Newsflash email alert service.

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