Travelzoo (NASDAQ:TZOO – Get Rating) had its price objective upped by stock analysts at Ascendiant Capital Markets to $19.00 in a research note issued on Monday, Stock Target Advisor reports. The brokerage presently has a “na” rating on the information services provider’s stock. Ascendiant Capital Markets’ target price suggests a potential upside of 154.69% from the company’s previous close.
TZOO has been the topic of a number of other research reports. Zacks Investment Research upgraded Travelzoo from a “hold” rating to a “strong-buy” rating and set a $7.25 target price on the stock in a research note on Wednesday, May 11th. StockNews.com began coverage on Travelzoo in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Two research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Travelzoo presently has an average rating of “Buy” and a consensus price target of $15.08.
Shares of Travelzoo stock traded up $0.22 during midday trading on Monday, reaching $7.46. The company had a trading volume of 283,160 shares, compared to its average volume of 88,681. The firm has a market cap of $89.94 million, a PE ratio of 19.63 and a beta of 1.56. Travelzoo has a fifty-two week low of $5.20 and a fifty-two week high of $18.47. The stock has a fifty day moving average price of $6.45 and a 200 day moving average price of $8.55.
Travelzoo (NASDAQ:TZOO – Get Rating) last issued its earnings results on Tuesday, April 26th. The information services provider reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.20. Travelzoo had a net margin of 7.67% and a negative return on equity of 1,142.83%. The business had revenue of $18.45 million for the quarter, compared to analyst estimates of $16.31 million. During the same period in the prior year, the firm earned ($0.14) earnings per share. Research analysts forecast that Travelzoo will post 0.65 earnings per share for the current fiscal year.
In other news, CEO Holger Bartel sold 13,600 shares of Travelzoo stock in a transaction on Wednesday, April 27th. The shares were sold at an average price of $6.69, for a total transaction of $90,984.00. Following the transaction, the chief executive officer now owns 542,567 shares in the company, valued at approximately $3,629,773.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ralph Bartel sold 81,809 shares of the stock in a transaction that occurred on Wednesday, March 16th. The stock was sold at an average price of $5.45, for a total transaction of $445,859.05. The disclosure for this sale can be found here. Insiders have sold 326,191 shares of company stock valued at $2,080,055 in the last three months. Insiders own 47.42% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in TZOO. Two Sigma Investments LP boosted its stake in Travelzoo by 51.4% in the third quarter. Two Sigma Investments LP now owns 86,308 shares of the information services provider’s stock valued at $1,001,000 after acquiring an additional 29,295 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Travelzoo by 10.4% in the 3rd quarter. BlackRock Inc. now owns 136,861 shares of the information services provider’s stock valued at $1,588,000 after buying an additional 12,929 shares during the period. Two Sigma Advisers LP boosted its position in Travelzoo by 36.5% in the 3rd quarter. Two Sigma Advisers LP now owns 121,517 shares of the information services provider’s stock worth $1,410,000 after purchasing an additional 32,500 shares in the last quarter. Covestor Ltd acquired a new stake in Travelzoo during the fourth quarter valued at $42,000. Finally, Invenomic Capital Management LP increased its stake in shares of Travelzoo by 21.0% in the 4th quarter. Invenomic Capital Management LP now owns 504,869 shares of the information services provider’s stock valued at $4,756,000 after purchasing an additional 87,521 shares in the last quarter. Institutional investors own 34.22% of the company’s stock.
About Travelzoo (Get Rating)
Travelzoo, an Internet media company, provides travel, entertainment, and local deals from travel and entertainment companies, and local businesses in the Asia Pacific, Europe, and North America. Its publications and products include Travelzoo Website; Travelzoo iPhone and Android apps; Travelzoo Top 20 email newsletter; and Newsflash email alert service.
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