Travelzoo (NASDAQ:TZOO) PT Raised to $18.00 at Ascendiant Capital Markets

Travelzoo (NASDAQ:TZOO) had its price target increased by Ascendiant Capital Markets from $17.00 to $18.00 in a report released on Monday morning, Benzinga reports. They currently have a buy rating on the information services provider’s stock.

A number of other equities analysts have also weighed in on TZOO. StockNews.com lowered Travelzoo from a strong-buy rating to a buy rating in a research report on Monday, July 29th. Barrington Research reiterated an outperform rating and issued a $12.00 target price on shares of Travelzoo in a report on Friday, July 26th.

Travelzoo Price Performance

TZOO stock opened at $11.93 on Monday. The firm has a market cap of $146.62 million, a PE ratio of 13.44 and a beta of 1.74. Travelzoo has a 12 month low of $4.77 and a 12 month high of $12.59. The firm has a 50 day simple moving average of $9.03 and a 200 day simple moving average of $9.00.

Travelzoo (NASDAQ:TZOO) last released its quarterly earnings data on Thursday, July 25th. The information services provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. The business had revenue of $21.14 million during the quarter, compared to analyst estimates of $21.58 million. Travelzoo had a return on equity of 170.06% and a net margin of 15.59%. During the same period last year, the company posted $0.17 EPS. As a group, sell-side analysts expect that Travelzoo will post 0.95 earnings per share for the current year.

Insider Transactions at Travelzoo

In related news, major shareholder Azzurro Capital Inc sold 17,500 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $7.71, for a total transaction of $134,925.00. Following the transaction, the insider now directly owns 5,142,371 shares of the company’s stock, valued at $39,647,680.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Travelzoo news, CEO Holger Bartel sold 13,466 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $10.19, for a total value of $137,218.54. Following the transaction, the chief executive officer now owns 302,534 shares in the company, valued at approximately $3,082,821.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Azzurro Capital Inc sold 17,500 shares of Travelzoo stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $7.71, for a total transaction of $134,925.00. Following the sale, the insider now directly owns 5,142,371 shares of the company’s stock, valued at approximately $39,647,680.41. The disclosure for this sale can be found here. Insiders sold a total of 166,966 shares of company stock valued at $1,644,964 over the last quarter. Company insiders own 57.45% of the company’s stock.

Hedge Funds Weigh In On Travelzoo

A number of hedge funds have recently modified their holdings of TZOO. Jump Financial LLC boosted its position in Travelzoo by 46.4% during the fourth quarter. Jump Financial LLC now owns 30,900 shares of the information services provider’s stock valued at $294,000 after purchasing an additional 9,800 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of Travelzoo during the 4th quarter valued at about $171,000. Quadrature Capital Ltd bought a new stake in shares of Travelzoo in the 4th quarter valued at approximately $445,000. Hennion & Walsh Asset Management Inc. acquired a new position in Travelzoo in the first quarter worth approximately $277,000. Finally, Acadian Asset Management LLC raised its position in Travelzoo by 9.7% during the first quarter. Acadian Asset Management LLC now owns 535,786 shares of the information services provider’s stock valued at $5,451,000 after acquiring an additional 47,352 shares in the last quarter. 27.39% of the stock is owned by institutional investors and hedge funds.

Travelzoo Company Profile

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.