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

Travelzoo (NASDAQ:TZOO) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday.

Separately, Barrington Research cut their price target 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 0.7 %

Shares of NASDAQ TZOO opened at $7.59 on Thursday. Travelzoo has a 12-month low of $4.77 and a 12-month high of $11.23. The firm has a market capitalization of $99.41 million, a price-to-earnings ratio of 8.34 and a beta of 1.68. The firm has a 50 day moving average of $8.18 and a 200 day moving average of $8.96.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings results on Wednesday, April 24th. The information services provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02. The business had revenue of $21.99 million for the quarter, compared to analysts’ expectations of $23.72 million. Travelzoo had a net margin of 15.24% and a return on equity of 140.63%. Sell-side analysts predict that Travelzoo will post 0.92 EPS for the current year.

Insider Buying and Selling at Travelzoo

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $8.51, for a total value of $170,200.00. Following the completion of the transaction, the insider now directly owns 5,179,871 shares in the company, valued at $44,080,702.21. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 82,500 shares of company stock valued at $653,225 over the last 90 days. 57.45% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Travelzoo

Several large investors have recently made changes to their positions in the business. O Shaughnessy Asset Management LLC purchased a new stake in shares of Travelzoo during the first quarter worth about $132,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Travelzoo during the 3rd quarter valued at approximately $82,000. Hillsdale Investment Management Inc. bought a new stake in shares of Travelzoo during the fourth quarter valued at approximately $171,000. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Travelzoo in the first quarter worth $277,000. Finally, Janiczek Wealth Management LLC purchased a new position in shares of Travelzoo in the fourth quarter worth $275,000. 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.