Travelzoo (NASDAQ:TZOO) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Travelzoo (NASDAQ:TZOO)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.22 and traded as high as $10.74. Travelzoo shares last traded at $10.73, with a volume of 99,240 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TZOO shares. UBS Group set a $12.00 target price on Travelzoo in a research note on Friday, April 24th. Weiss Ratings upgraded shares of Travelzoo from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, May 19th. Zacks Research raised shares of Travelzoo from a “strong sell” rating to a “hold” rating in a report on Thursday, April 23rd. Ascendiant Capital Markets increased their price objective on shares of Travelzoo from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Finally, Barrington Research raised their price objective on shares of Travelzoo from $8.00 to $12.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Travelzoo has an average rating of “Moderate Buy” and an average price target of $15.67.

Travelzoo Trading Up 7.0%

The company has a 50 day moving average of $8.79 and a 200 day moving average of $7.22. The firm has a market cap of $110.30 million, a price-to-earnings ratio of 29.81 and a beta of 1.29.

Travelzoo (NASDAQ:TZOO) last released its quarterly earnings data on Thursday, April 23rd. The information services provider reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.07. The firm had revenue of $24.27 million during the quarter, compared to analyst estimates of $24.62 million. Travelzoo had a negative return on equity of 101.85% and a net margin of 4.32%. As a group, sell-side analysts anticipate that Travelzoo will post 0.69 EPS for the current fiscal year.

Travelzoo declared that its board has approved a share buyback plan on Thursday, March 5th that permits the company to repurchase 1,000,000 outstanding shares. This repurchase authorization permits the information services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Institutional Trading of Travelzoo

Several hedge funds have recently modified their holdings of the company. Cubist Systematic Strategies LLC bought a new position in shares of Travelzoo in the first quarter valued at approximately $120,000. Millennium Management LLC grew its position in Travelzoo by 299.8% during the 1st quarter. Millennium Management LLC now owns 309,097 shares of the information services provider’s stock worth $4,213,000 after acquiring an additional 231,790 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Travelzoo by 60.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 45,528 shares of the information services provider’s stock valued at $621,000 after purchasing an additional 17,146 shares in the last quarter. Jane Street Group LLC increased its holdings in Travelzoo by 63.6% during the 1st quarter. Jane Street Group LLC now owns 28,779 shares of the information services provider’s stock valued at $392,000 after purchasing an additional 11,189 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Travelzoo by 113.8% in the 2nd quarter. Geode Capital Management LLC now owns 157,267 shares of the information services provider’s stock valued at $2,002,000 after purchasing an additional 83,719 shares during the last quarter. Institutional investors and hedge funds own 27.39% of the company’s stock.

About Travelzoo

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.