Travelzoo Expected to Post Q2 2024 Earnings of $0.20 Per Share (NASDAQ:TZOO)

Travelzoo (NASDAQ:TZOO) – Stock analysts at Barrington Research lowered their Q2 2024 earnings per share (EPS) estimates for Travelzoo in a research note issued to investors on Wednesday, April 24th. Barrington Research analyst J. Goss now anticipates that the information services provider will post earnings of $0.20 per share for the quarter, down from their prior estimate of $0.24. Barrington Research currently has a “Outperform” rating and a $12.00 price target on the stock. The consensus estimate for Travelzoo’s current full-year earnings is $0.99 per share. Barrington Research also issued estimates for Travelzoo’s Q3 2024 earnings at $0.18 EPS, Q4 2024 earnings at $0.30 EPS, FY2024 earnings at $0.99 EPS, Q1 2025 earnings at $0.35 EPS, Q2 2025 earnings at $0.24 EPS, Q3 2025 earnings at $0.20 EPS, Q4 2025 earnings at $0.34 EPS, FY2025 earnings at $1.14 EPS and FY2026 earnings at $1.24 EPS.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings data on Wednesday, April 24th. The information services provider reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.02. Travelzoo had a return on equity of 140.25% and a net margin of 15.24%. The business had revenue of $21.99 million for the quarter, compared to analysts’ expectations of $23.72 million.

Separately, StockNews.com cut shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a research note on Thursday.

Travelzoo Stock Performance

Shares of TZOO opened at $8.58 on Friday. The stock has a market capitalization of $113.27 million, a PE ratio of 9.43 and a beta of 1.71. The company’s fifty day moving average is $9.57 and its 200 day moving average is $8.87. Travelzoo has a fifty-two week low of $4.77 and a fifty-two week high of $11.23.

Insider Buying and Selling at Travelzoo

In other news, major shareholder Azzurro Capital Inc sold 10,000 shares of Travelzoo stock in a transaction that occurred on Wednesday, March 6th. The stock was 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 approximately $46,975,660.42. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 148,931 shares of company stock worth $1,483,335 over the last ninety days. Company insiders own 57.45% of the company’s stock.

Institutional Investors Weigh In On Travelzoo

Several institutional investors have recently made changes to their positions in TZOO. Acadian Asset Management LLC raised its position in Travelzoo by 16.0% in the 3rd 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 during the period. Trexquant Investment LP grew its stake in shares of 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 buying an additional 40,051 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Travelzoo in the fourth quarter worth approximately $445,000. Denali Advisors LLC lifted its stake in shares of Travelzoo by 5.1% during the 4th quarter. Denali Advisors LLC now owns 39,200 shares of the information services provider’s stock worth $374,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Jump Financial LLC lifted its stake in shares of Travelzoo by 46.4% during the 4th quarter. Jump Financial LLC now owns 30,900 shares of the information services provider’s stock worth $294,000 after acquiring an additional 9,800 shares during the last quarter. 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.