Ascendiant Capital Markets Increases Travelzoo (NASDAQ:TZOO) Price Target to $26.00

Travelzoo (NASDAQ:TZOO) had its price target hoisted by Ascendiant Capital Markets from $25.00 to $26.00 in a research report sent to investors on Tuesday,Benzinga reports. The firm currently has a buy rating on the information services provider’s stock.

A number of other equities analysts also recently issued reports on the company. Noble Financial reaffirmed an “outperform” rating on shares of Travelzoo in a research report on Wednesday, April 30th. Barrington Research reaffirmed an “outperform” rating and set a $17.00 price target on shares of Travelzoo in a research report on Thursday, July 24th. Finally, Wall Street Zen downgraded Travelzoo from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Travelzoo has a consensus rating of “Buy” and an average target price of $26.00.

Travelzoo Trading Up 0.1%

Shares of TZOO stock opened at $9.78 on Tuesday. The business’s fifty day simple moving average is $11.48 and its 200-day simple moving average is $13.26. The company has a market cap of $107.38 million, a PE ratio of 10.99 and a beta of 1.11. Travelzoo has a 12-month low of $9.37 and a 12-month high of $24.85.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.11). The business had revenue of $23.91 million for the quarter, compared to analyst estimates of $23.51 million. Travelzoo had a return on equity of 1,186.62% and a net margin of 12.32%. On average, equities analysts forecast that Travelzoo will post 1.09 earnings per share for the current year.

Insider Activity

In related news, major shareholder Azzurro Capital Inc sold 76,500 shares of the company’s stock in a transaction on Friday, June 27th. The stock was sold at an average price of $13.15, for a total value of $1,005,975.00. Following the transaction, the insider directly owned 4,062,696 shares of the company’s stock, valued at $53,424,452.40. This represents a 1.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders sold 207,500 shares of company stock valued at $2,392,464. 43.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Travelzoo

Hedge funds have recently made changes to their positions in the company. Ancora Advisors LLC acquired a new position in shares of Travelzoo in the 4th quarter valued at $30,000. Bank of America Corp DE grew its position in Travelzoo by 1,242.5% during the 2nd quarter. Bank of America Corp DE now owns 2,148 shares of the information services provider’s stock worth $27,000 after purchasing an additional 1,988 shares during the period. US Bancorp DE acquired a new stake in Travelzoo during the 1st quarter worth about $31,000. AlphaQuest LLC grew its position in Travelzoo by 3,188.4% during the 2nd quarter. AlphaQuest LLC now owns 2,828 shares of the information services provider’s stock worth $36,000 after purchasing an additional 2,742 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Travelzoo by 42,900.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,010 shares of the information services provider’s stock worth $38,000 after purchasing an additional 3,003 shares during the period. 27.39% of the stock is owned by institutional investors and hedge funds.

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.