Ascendiant Capital Markets Forecasts Strong Price Appreciation for Travelzoo (NASDAQ:TZOO) Stock

Travelzoo (NASDAQ:TZOO) had its price objective raised by research analysts at Ascendiant Capital Markets from $22.00 to $23.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the information services provider’s stock. Ascendiant Capital Markets’ price objective points to a potential upside of 142.36% from the stock’s current price.

TZOO has been the subject of a number of other reports. Barrington Research boosted their target price on shares of Travelzoo from $8.00 to $12.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Zacks Research upgraded shares of Travelzoo from a “strong sell” rating to a “hold” rating in a report on Thursday, April 23rd. Weiss Ratings upgraded shares of Travelzoo from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. Finally, UBS Group set a $12.00 target price on shares of Travelzoo in a report on Friday, April 24th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $15.67.

Travelzoo Stock Performance

Travelzoo stock opened at $9.49 on Friday. Travelzoo has a 1 year low of $4.72 and a 1 year high of $14.18. The firm has a 50 day moving average price of $7.51 and a 200 day moving average price of $6.90. The company has a market cap of $97.56 million, a price-to-earnings ratio of 26.36 and a beta of 1.27.

Travelzoo (NASDAQ:TZOO) last released its earnings results on Thursday, April 23rd. The information services provider reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.07. Travelzoo had a net margin of 4.32% and a negative return on equity of 101.85%. The firm had revenue of $24.27 million during the quarter, compared to the consensus estimate of $24.62 million. Sell-side analysts predict that Travelzoo will post 0.71 EPS for the current year.

Travelzoo announced that its board has initiated a stock repurchase program on Thursday, March 5th that allows the company to buyback 1,000,000 shares. This buyback authorization allows the information services provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at Travelzoo

In other Travelzoo news, CEO Holger Bartel acquired 40,000 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was bought at an average cost of $5.43 per share, for a total transaction of $217,200.00. Following the completion of the purchase, the chief executive officer directly owned 200,000 shares in the company, valued at $1,086,000. This represents a 25.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 45.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Travelzoo

Several institutional investors have recently bought and sold shares of TZOO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Travelzoo during the second quarter worth $44,000. JPMorgan Chase & Co. lifted 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. Bank of America Corp DE lifted its position in shares of Travelzoo by 1,242.5% during the second 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 in the last quarter. Quarry LP acquired a new position in shares of Travelzoo during the third quarter worth $26,000. Finally, Thompson Davis & CO. Inc. acquired a new position in shares of Travelzoo during the first quarter worth $86,000. 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.