Travelzoo (NASDAQ:TZOO) Upgraded by StockNews.com to Strong-Buy

StockNews.com upgraded shares of Travelzoo (NASDAQ:TZOO) from a buy rating to a strong-buy rating in a research note released on Tuesday.

Separately, Barrington Research lifted their price objective on shares of Travelzoo from $10.00 to $14.00 and gave the stock an outperform rating in a research report on Thursday, February 29th.

Travelzoo Price Performance

TZOO opened at $8.92 on Tuesday. The company’s 50-day moving average is $9.52 and its 200 day moving average is $8.73. Travelzoo has a fifty-two week low of $4.77 and a fifty-two week high of $11.23. The firm has a market capitalization of $117.74 million, a P/E ratio of 10.75 and a beta of 1.71.

Travelzoo (NASDAQ:TZOO) last announced its quarterly earnings data on Wednesday, February 28th. The information services provider reported $0.24 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 the consensus estimate of $21.59 million. Travelzoo had a return on equity of 136.51% and a net margin of 14.64%. On average, equities research analysts expect that Travelzoo will post 0.99 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Azzurro Capital Inc sold 10,000 shares of Travelzoo stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $8.71, for a total value of $87,100.00. Following the completion of the transaction, the insider now owns 5,393,302 shares in the company, valued at $46,975,660.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders have sold 148,931 shares of company stock valued at $1,483,335. Company insiders own 47.00% of the company’s stock.

Hedge Funds Weigh In On Travelzoo

Large investors have recently modified their holdings of the business. Acadian Asset Management LLC increased its stake in shares of Travelzoo by 16.0% in the third quarter. Acadian Asset Management LLC now owns 411,733 shares of the information services provider’s stock worth $2,398,000 after purchasing an additional 56,741 shares in the last quarter. Janiczek Wealth Management LLC purchased a new position in Travelzoo during the fourth quarter valued at approximately $275,000. Denali Advisors LLC grew its stake in Travelzoo by 5.1% during the fourth quarter. Denali Advisors LLC now owns 39,200 shares of the information services provider’s stock valued at $374,000 after acquiring an additional 1,900 shares in the last quarter. Trexquant Investment LP grew its stake in Travelzoo by 184.1% during the third quarter. Trexquant Investment LP now owns 61,808 shares of the information services provider’s stock valued at $360,000 after acquiring an additional 40,051 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Travelzoo during the third quarter valued at approximately $82,000. Hedge funds and other institutional investors own 27.39% of the company’s stock.

About Travelzoo

Travelzoo, together with its subsidiaries, operates as an Internet media company that provides travel, entertainment, and local experiences worldwide. It operates in four segments: Travelzoo North America, Travelzoo Europe, Jack's Flight Club, and New Initiatives. The company offers Travelzoo website, Travelzoo Top 20 email newsletters, Standalone email newsletters, Travelzoo Network, Travelzoo mobile applications, Jack's Flight Club website, Jack's Flight Club mobile applications, and Jack's Flight Club newsletters.