StockNews.com Lowers Travelzoo (NASDAQ:TZOO) to Buy

Travelzoo (NASDAQ:TZOO) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Monday.

Separately, Barrington Research lifted their target price on Travelzoo from $10.00 to $14.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th.

Travelzoo Trading Up 3.5 %

Shares of TZOO opened at $10.16 on Monday. The firm has a market cap of $134.11 million, a P/E ratio of 12.24 and a beta of 1.71. Travelzoo has a 12-month low of $4.77 and a 12-month high of $11.23. The company’s 50-day moving average price is $9.43 and its 200 day moving average price is $8.62.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings data on Wednesday, February 28th. The information services provider reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.03). The company had revenue of $21.15 million during the quarter, compared to analysts’ expectations of $21.59 million. Travelzoo had a net margin of 14.64% and a return on equity of 136.51%. Equities research analysts forecast that Travelzoo will post 0.99 earnings per share for the current year.

Insider Buying and Selling at Travelzoo

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 43,431 shares of Travelzoo stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $10.58, for a total value of $459,499.98. Following the completion of the transaction, the insider now directly owns 5,222,371 shares of the company’s stock, valued at approximately $55,252,685.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 148,931 shares of company stock valued at $1,483,335 in the last three months. 47.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Travelzoo

A number of institutional investors and hedge funds have recently made changes to their positions in TZOO. Bank of New York Mellon Corp grew its position in shares of 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 in the last quarter. Cetera Advisor Networks LLC acquired a new position in shares of Travelzoo during the first quarter worth about $131,000. Ancora Advisors LLC boosted its holdings in Travelzoo by 2,055.1% in the first quarter. Ancora Advisors LLC now owns 204,739 shares of the information services provider’s stock valued at $3,432,000 after purchasing an additional 195,239 shares in the last quarter. State Street Corp boosted its holdings in Travelzoo by 6.4% in the first quarter. State Street Corp now owns 29,869 shares of the information services provider’s stock valued at $196,000 after purchasing an additional 1,807 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Travelzoo by 214.4% in the second quarter. JPMorgan Chase & Co. now owns 9,571 shares of the information services provider’s stock valued at $58,000 after purchasing an additional 6,527 shares in the last quarter. 27.39% of the stock is owned by institutional investors and hedge funds.

About Travelzoo

Travelzoo, together with its subsidiaries, operates as an Internet media company that engages in the provision of travel, entertainment, and local deals from travel and entertainment companies, and local businesses worldwide. Its publications and products include Travelzoo Website, Travelzoo Top 20 email newsletter, standalone Travelzoo emails, Travelzoo Network, Travelzoo mobile applications, Jack's Flight Club website, Jack's Flight Club mobile applications, and Jack's Flight Club newsletters.