Travelzoo (NASDAQ:TZOO) CEO Sells $454,914.61 in Stock

Travelzoo (NASDAQ:TZOO) CEO Holger Bartel sold 23,057 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $19.73, for a total value of $454,914.61. Following the completion of the sale, the chief executive officer now owns 4,000 shares in the company, valued at approximately $78,920. This represents a 85.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Travelzoo Trading Down 0.1 %

Shares of Travelzoo stock traded down $0.02 during trading hours on Thursday, reaching $20.77. The stock had a trading volume of 10,599 shares, compared to its average volume of 111,671. The stock’s 50 day moving average is $18.30 and its 200 day moving average is $13.25. Travelzoo has a twelve month low of $7.12 and a twelve month high of $22.44. The firm has a market capitalization of $245.17 million, a PE ratio of 19.41 and a beta of 1.71.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings results on Wednesday, October 23rd. The information services provider reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. The company had revenue of $20.10 million for the quarter, compared to the consensus estimate of $21.15 million. Travelzoo had a return on equity of 210.54% and a net margin of 16.67%. During the same quarter in the prior year, the business posted $0.16 earnings per share. As a group, sell-side analysts predict that Travelzoo will post 1.09 earnings per share for the current year.

Travelzoo declared that its board has authorized a share buyback program on Wednesday, October 23rd that authorizes the company to buyback 1,000,000 shares. This buyback authorization authorizes the information services provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

Several research analysts recently issued reports on TZOO shares. StockNews.com cut shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a report on Friday, November 1st. Ascendiant Capital Markets increased their price target on Travelzoo from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Litchfield Hills Research initiated coverage on Travelzoo in a report on Wednesday, September 4th. They issued a “buy” rating and a $35.00 price objective for the company. Finally, Barrington Research raised their target price on Travelzoo from $12.00 to $15.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd.

Hedge Funds Weigh In On Travelzoo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Travelzoo during the third quarter worth about $35,000. American Century Companies Inc. acquired a new stake in Travelzoo in the 2nd quarter worth about $82,000. Ritholtz Wealth Management purchased a new stake in Travelzoo during the 2nd quarter worth approximately $82,000. Quadrature Capital Ltd acquired a new position in shares of Travelzoo during the third quarter valued at approximately $134,000. Finally, Barclays PLC acquired a new position in shares of Travelzoo during the third quarter valued at approximately $138,000. 27.39% of the stock is owned by hedge funds and other institutional investors.

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.