Barrington Research Raises Travelzoo (NASDAQ:TZOO) Price Target to $15.00

Travelzoo (NASDAQ:TZOO) had its price target boosted by Barrington Research from $12.00 to $15.00 in a report issued on Tuesday morning, Benzinga reports. Barrington Research currently has an outperform rating on the information services provider’s stock.

A number of other equities analysts have also issued reports on TZOO. StockNews.com raised shares of Travelzoo from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 25th. Ascendiant Capital Markets lifted their price objective on Travelzoo from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, August 19th. Finally, Litchfield Hills Research initiated coverage on Travelzoo in a research note on Wednesday, September 4th. They issued a “buy” rating and a $35.00 target price for the company.

Travelzoo Trading Up 2.9 %

NASDAQ TZOO opened at $15.03 on Tuesday. The company has a market cap of $184.72 million, a P/E ratio of 15.49 and a beta of 1.74. Travelzoo has a 1 year low of $6.57 and a 1 year high of $15.71. The company has a fifty day simple moving average of $12.67 and a 200 day simple moving average of $10.03.

Travelzoo (NASDAQ:TZOO) last released its quarterly earnings results on Thursday, July 25th. The information services provider reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. Travelzoo had a net margin of 15.59% and a return on equity of 170.06%. The company had revenue of $21.14 million during the quarter, compared to analysts’ expectations of $21.58 million. During the same period in the prior year, the company earned $0.17 earnings per share. Equities research analysts forecast that Travelzoo will post 0.97 EPS for the current fiscal year.

Travelzoo announced that its board has authorized a share repurchase plan on Wednesday, October 23rd that authorizes the company to buyback 1,000,000 outstanding shares. This buyback authorization authorizes the information services provider to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Activity

In related news, CEO Holger Bartel sold 100,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $11.44, for a total value of $1,144,000.00. Following the sale, the chief executive officer now owns 100,000 shares of the company’s stock, valued at $1,144,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Travelzoo news, major shareholder Azzurro Capital Inc sold 3,500 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $9.32, for a total value of $32,620.00. Following the transaction, the insider now owns 5,033,871 shares of the company’s stock, valued at approximately $46,915,677.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Holger Bartel sold 100,000 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $11.44, for a total value of $1,144,000.00. Following the sale, the chief executive officer now owns 100,000 shares in the company, valued at $1,144,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 379,254 shares of company stock worth $4,459,596. Company insiders own 57.45% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TZOO. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Travelzoo in the first quarter valued at approximately $277,000. Acadian Asset Management LLC raised its stake in shares of Travelzoo by 9.7% during the first quarter. Acadian Asset Management LLC now owns 535,786 shares of the information services provider’s stock worth $5,451,000 after buying an additional 47,352 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new position in Travelzoo in the first quarter valued at approximately $132,000. Ritholtz Wealth Management boosted its stake in Travelzoo by 217.4% in the third quarter. Ritholtz Wealth Management now owns 34,453 shares of the information services provider’s stock valued at $415,000 after acquiring an additional 23,599 shares during the last quarter. Finally, American Century Companies Inc. acquired a new stake in Travelzoo during the 2nd quarter worth $82,000. Institutional investors and hedge funds own 27.39% of the company’s stock.

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.