Litchfield Hills Research Initiates Coverage on Travelzoo (NASDAQ:TZOO)

Litchfield Hills Research assumed coverage on shares of Travelzoo (NASDAQ:TZOO) in a research report released on Wednesday morning, Benzinga reports. The brokerage issued a buy rating and a $35.00 price objective on the information services provider’s stock.

Several other brokerages also recently weighed in on TZOO. Ascendiant Capital Markets increased their price target on Travelzoo from $17.00 to $18.00 and gave the stock a buy rating in a research report on Monday, August 19th. Barrington Research reaffirmed an outperform rating and set a $12.00 target price on shares of Travelzoo in a report on Friday, July 26th. Finally, StockNews.com downgraded Travelzoo from a strong-buy rating to a buy rating in a report on Monday, July 29th. Three 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.com, the company currently has an average rating of Buy and an average price target of $21.67.

Travelzoo Stock Up 0.6 %

Shares of NASDAQ TZOO opened at $11.06 on Wednesday. Travelzoo has a 52 week low of $4.77 and a 52 week high of $12.59. The business’s 50 day moving average price is $9.82 and its 200 day moving average price is $9.22. The firm has a market cap of $135.93 million, a P/E ratio of 12.15 and a beta of 1.74.

Travelzoo (NASDAQ:TZOO) last announced its quarterly earnings data on Thursday, July 25th. The information services provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. The business had revenue of $21.14 million during the quarter, compared to analysts’ expectations of $21.58 million. Travelzoo had a net margin of 15.59% and a return on equity of 170.06%. During the same period in the previous year, the business posted $0.17 EPS. As a group, research analysts expect that Travelzoo will post 0.95 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Holger Bartel sold 13,466 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $10.19, for a total transaction of $137,218.54. Following the sale, the chief executive officer now directly owns 302,534 shares in the company, valued at approximately $3,082,821.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Azzurro Capital Inc sold 25,000 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $7.80, for a total value of $195,000.00. Following the completion of the sale, the insider now owns 5,089,871 shares of the company’s stock, valued at approximately $39,700,993.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Holger Bartel sold 13,466 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $10.19, for a total transaction of $137,218.54. Following the transaction, the chief executive officer now owns 302,534 shares of the company’s stock, valued at $3,082,821.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 149,466 shares of company stock worth $1,510,039. Company insiders own 57.45% of the company’s stock.

Institutional Trading of Travelzoo

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC lifted its stake in Travelzoo by 9.7% in the 1st quarter. Acadian Asset Management LLC now owns 535,786 shares of the information services provider’s stock valued at $5,451,000 after buying an additional 47,352 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Travelzoo during the fourth quarter valued at approximately $445,000. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Travelzoo in the first quarter valued at approximately $277,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Travelzoo in the fourth quarter worth approximately $171,000. Finally, Fermata Advisors LLC acquired a new stake in shares of Travelzoo in the second quarter worth approximately $101,000. Hedge funds and other institutional investors own 27.39% of the company’s stock.

Travelzoo Company Profile

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.