Travelzoo (NASDAQ:TZOO) Receives Consensus Rating of “Hold” from Analysts

Shares of Travelzoo (NASDAQ:TZOO) have earned an average rating of “Hold” from the five brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $18.00.

Several equities research analysts have recently commented on the stock. Zacks Research downgraded shares of Travelzoo from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. Barrington Research cut their target price on Travelzoo from $13.00 to $8.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Travelzoo in a research note on Friday, January 9th.

Travelzoo Price Performance

Travelzoo stock opened at $5.92 on Friday. The firm has a market capitalization of $64.71 million, a P/E ratio of 15.58 and a beta of 0.84. Travelzoo has a 1-year low of $4.72 and a 1-year high of $16.56. The company’s 50-day moving average is $5.97 and its 200 day moving average is $7.34.

Travelzoo (NASDAQ:TZOO) last released its earnings results on Thursday, February 19th. The information services provider reported $0.00 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.11). Travelzoo had a negative return on equity of 132.89% and a net margin of 4.98%.The business had revenue of $22.47 million for the quarter, compared to the consensus estimate of $22.54 million. Research analysts anticipate that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Travelzoo declared that its board has authorized a share buyback plan on Thursday, March 5th that authorizes the company to buyback 1,000,000 shares. This buyback authorization authorizes the information services provider to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In related news, CEO Holger Bartel acquired 40,000 shares of the stock in a transaction on Tuesday, February 24th. The shares were acquired at an average price of $5.43 per share, for a total transaction of $217,200.00. Following the transaction, the chief executive officer owned 200,000 shares in the company, valued at approximately $1,086,000. This trade represents a 25.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders bought 200,000 shares of company stock worth $1,077,000 over the last quarter. 45.30% of the stock is owned by company insiders.

Institutional Trading of Travelzoo

A number of institutional investors and hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue acquired a new position in shares of Travelzoo during the fourth quarter valued at approximately $25,000. Quarry LP acquired a new stake in shares of Travelzoo in the third quarter worth approximately $26,000. Bank of America Corp DE boosted its stake in shares of Travelzoo by 1,242.5% in the second quarter. Bank of America Corp DE now owns 2,148 shares of the information services provider’s stock worth $27,000 after acquiring an additional 1,988 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Travelzoo by 42,900.0% during the second 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 in the last quarter. Finally, AlphaQuest LLC increased its position in shares of Travelzoo by 57.8% during the third quarter. AlphaQuest LLC now owns 4,463 shares of the information services provider’s stock worth $44,000 after purchasing an additional 1,635 shares in the last quarter. 27.39% of the stock is currently owned by hedge funds and other institutional investors.

Travelzoo Company Profile

Travelzoo (NASDAQ: TZOO) is a global internet media company specializing in publishing curated travel, entertainment and local deals to a subscriber base of millions. Through its website, mobile applications and weekly email newsletters, Travelzoo partners with airlines, hotels, cruise lines, tour operators and local merchants to promote time-sensitive offers at discounted rates. The company generates revenue primarily from media commissions, advertising arrangements and marketing services provided to its hotel and resort partners.

Founded in 1998, Travelzoo went public on the NASDAQ in 2003 under the ticker symbol TZOO.