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

Travelzoo (NASDAQ:TZOO) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Friday.

Separately, Barrington Research decreased their price objective on Travelzoo from $14.00 to $12.00 and set an “outperform” rating for the company in a report on Wednesday, April 24th.

Travelzoo Trading Up 2.4 %

NASDAQ:TZOO opened at $8.89 on Friday. Travelzoo has a twelve month low of $4.77 and a twelve month high of $11.23. The company has a market cap of $117.35 million, a price-to-earnings ratio of 9.77 and a beta of 1.68. The stock has a fifty day simple moving average of $9.52 and a 200-day simple moving average of $9.02.

Travelzoo (NASDAQ:TZOO) last released its quarterly earnings data on Wednesday, April 24th. The information services provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.02. The firm had revenue of $21.99 million during the quarter, compared to the consensus estimate of $23.72 million. Travelzoo had a return on equity of 140.25% and a net margin of 15.24%. As a group, equities research analysts predict that Travelzoo will post 0.92 EPS for the current fiscal year.

Insider Activity at Travelzoo

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 43,431 shares of Travelzoo stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $10.58, for a total value of $459,499.98. Following the transaction, the insider now owns 5,222,371 shares in the company, valued at $55,252,685.18. The transaction was disclosed in a legal 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 three months. 57.45% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Travelzoo

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC grew its stake in Travelzoo by 16.0% in the third quarter. Acadian Asset Management LLC now owns 411,733 shares of the information services provider’s stock valued at $2,398,000 after purchasing an additional 56,741 shares during the last quarter. Janiczek Wealth Management LLC purchased a new stake in shares of Travelzoo during the fourth quarter worth about $275,000. Denali Advisors LLC grew its stake in shares of Travelzoo by 5.1% during the fourth 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. 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 worth $360,000 after acquiring an additional 40,051 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Travelzoo during the third quarter worth about $82,000. Hedge funds and other institutional investors own 27.39% of the company’s stock.

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.