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

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

Separately, Barrington Research reduced their target price on Travelzoo from $14.00 to $12.00 and set an “outperform” rating for the company in a report on Wednesday.

Travelzoo Stock Performance

Shares of NASDAQ:TZOO opened at $8.58 on Thursday. Travelzoo has a one year low of $4.77 and a one year high of $11.23. The stock has a fifty day moving average of $9.57 and a 200-day moving average of $8.87. The company has a market capitalization of $113.27 million, a PE ratio of 9.43 and a beta of 1.71.

Travelzoo (NASDAQ:TZOO) last announced its quarterly earnings data on Wednesday, April 24th. The information services provider reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. Travelzoo had a return on equity of 140.25% and a net margin of 15.24%. The company had revenue of $21.99 million during the quarter, compared to the consensus estimate of $23.72 million. As a group, research analysts forecast that Travelzoo will post 0.99 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Azzurro Capital Inc sold 43,431 shares of the stock in a transaction on 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 sale, the insider now owns 5,222,371 shares in the company, valued at $55,252,685.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 148,931 shares of company stock worth $1,483,335 over the last quarter. Corporate insiders own 57.45% of the company’s stock.

Institutional Trading of Travelzoo

Hedge funds and other institutional investors have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Travelzoo during the third quarter worth $82,000. Hillsdale Investment Management Inc. purchased a new stake in shares of Travelzoo during the fourth quarter worth $171,000. Denali Advisors LLC raised its holdings in shares of Travelzoo by 71.9% during the third quarter. Denali Advisors LLC now owns 37,300 shares of the information services provider’s stock worth $217,000 after acquiring an additional 15,600 shares in the last quarter. Janiczek Wealth Management LLC purchased a new stake in shares of Travelzoo during the fourth quarter worth $275,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Travelzoo during the first quarter worth $277,000. 27.39% of the stock is currently 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.