Travelzoo (NASDAQ:TZOO) Upgraded to “Strong-Buy” at StockNews.com

Travelzoo (NASDAQ:TZOO – Get Rating) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

Several other equities research analysts have also weighed in on the company. Barrington Research upgraded Travelzoo from a “market perform” rating to an “outperform” rating and set a $18.00 price objective on the stock in a research note on Friday, April 28th. TheStreet upgraded Travelzoo from a “c” rating to a “b-” rating in a research report on Friday, April 28th.

Travelzoo Trading Up 5.5 %

NASDAQ:TZOO opened at $8.82 on Friday. Travelzoo has a 1 year low of $4.10 and a 1 year high of $9.59. The firm has a market capitalization of $137.24 million, a PE ratio of 15.47 and a beta of 1.65. The firm’s fifty day simple moving average is $6.86 and its 200 day simple moving average is $5.71.

Travelzoo (NASDAQ:TZOO – Get Rating) last issued its quarterly earnings results on Wednesday, March 22nd. The information services provider reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.08. Travelzoo had a net margin of 10.78% and a return on equity of 220.30%. The firm had revenue of $18.61 million during the quarter, compared to the consensus estimate of $18.45 million. As a group, analysts anticipate that Travelzoo will post 0.7 EPS for the current fiscal year.

Insider Activity

In other Travelzoo news, major shareholder Ralph Bartel sold 6,019 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $8.65, for a total transaction of $52,064.35. Following the completion of the transaction, the insider now owns 7,526,230 shares of the company’s stock, valued at approximately $65,101,889.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 262,494 shares of company stock worth $1,902,045 over the last quarter. 42.96% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Travelzoo

Several hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in Travelzoo by 214.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,571 shares of the information services provider’s stock worth $58,000 after purchasing an additional 6,527 shares in the last quarter. LPL Financial LLC bought a new position in Travelzoo in the second quarter valued at about $65,000. PDT Partners LLC acquired a new position in Travelzoo during the second quarter worth about $67,000. Virtu Financial LLC bought a new stake in shares of Travelzoo during the 2nd quarter valued at approximately $68,000. Finally, Boyar Asset Management Inc. lifted its stake in shares of Travelzoo by 56.7% in the 3rd quarter. Boyar Asset Management Inc. now owns 19,350 shares of the information services provider’s stock valued at $86,000 after acquiring an additional 7,000 shares during the last quarter. 28.26% of the stock is owned by institutional investors.

About Travelzoo

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Travelzoo Inc operates as a global media commerce company that engages in the provision of information to subscribers and website users about travel, entertainment, and local deals available from various companies. Its publications and products include the Travelzoo website (travelzoo.com), the Travelzoo iPhone and Android apps, the Travelzoo Top 20 e-mail newsletter, and the Newsflash e-mail alert service.