Travelzoo (NASDAQ:TZOO) Sees Significant Drop in Short Interest

Travelzoo (NASDAQ:TZOO) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totalling 75,200 shares, a drop of 17.5% from the June 15th total of 91,100 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average trading volume of 81,800 shares, the days-to-cover ratio is presently 0.9 days.

Insider Activity

In other news, major shareholder Azzurro Capital Inc sold 20,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $8.51, for a total value of $170,200.00. Following the sale, the insider now directly owns 5,179,871 shares in the company, valued at approximately $44,080,702.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have sold 82,500 shares of company stock worth $653,225. 57.45% of the stock is currently owned by company insiders.

Institutional Trading of Travelzoo

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC lifted its holdings in Travelzoo by 9.7% in the first quarter. Acadian Asset Management LLC now owns 535,786 shares of the information services provider’s stock valued at $5,451,000 after acquiring an additional 47,352 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Travelzoo in the 4th quarter valued at $445,000. Denali Advisors LLC boosted its holdings in Travelzoo by 5.1% during the fourth quarter. Denali Advisors LLC now owns 39,200 shares of the information services provider’s stock worth $374,000 after buying an additional 1,900 shares in the last quarter. Jump Financial LLC grew its position in Travelzoo by 46.4% during the fourth quarter. Jump Financial LLC now owns 30,900 shares of the information services provider’s stock valued at $294,000 after buying an additional 9,800 shares during the period. Finally, Janiczek Wealth Management LLC purchased a new position in Travelzoo in the fourth quarter valued at $275,000. 27.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TZOO. StockNews.com upgraded shares of Travelzoo from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th. Barrington Research dropped their price target on Travelzoo from $14.00 to $12.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th.

Travelzoo Trading Up 3.6 %

TZOO opened at $7.79 on Monday. The firm has a 50 day moving average of $7.93 and a two-hundred day moving average of $8.79. The firm has a market capitalization of $102.05 million, a PE ratio of 8.56 and a beta of 1.74. Travelzoo has a 12-month low of $4.77 and a 12-month high of $11.23.

Travelzoo (NASDAQ:TZOO) last posted its earnings results on Wednesday, April 24th. The information services provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. The company had revenue of $21.99 million during the quarter, compared to the consensus estimate of $23.72 million. Travelzoo had a net margin of 15.24% and a return on equity of 140.63%. As a group, analysts predict that Travelzoo will post 0.92 EPS for the current fiscal year.

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.