Stock Repurchase Plan Initiated by Travelzoo (NASDAQ:TZOO) Board of Directors

Travelzoo (NASDAQ:TZOO) announced that its board has approved a share repurchase program on Wednesday, October 23rd, RTT News reports. The company plans to repurchase 1,000,000 outstanding shares. This repurchase authorization authorizes the information services provider to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Travelzoo Price Performance

Shares of TZOO stock opened at $15.03 on Friday. The company’s fifty day simple moving average is $12.67 and its two-hundred day simple moving average is $10.03. Travelzoo has a 1 year low of $6.57 and a 1 year high of $15.71. The stock has a market capitalization of $184.72 million, a price-to-earnings ratio of 15.49 and a beta of 1.74.

Travelzoo (NASDAQ:TZOO) last issued its 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 business had revenue of $21.14 million for the quarter, compared to analysts’ expectations of $21.58 million. During the same quarter in the previous year, the firm posted $0.17 EPS. Equities research analysts anticipate that Travelzoo will post 0.97 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TZOO shares. Litchfield Hills Research started coverage on shares of Travelzoo in a report on Wednesday, September 4th. They issued a “buy” rating and a $35.00 price target on the stock. Ascendiant Capital Markets lifted their price target on shares of Travelzoo from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, August 19th. Barrington Research lifted their price target on shares of Travelzoo from $12.00 to $15.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, StockNews.com cut shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a report on Wednesday.

Insider Buying and Selling at Travelzoo

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 22,500 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $10.16, for a total transaction of $228,600.00. Following the sale, the insider now owns 5,037,371 shares of the company’s stock, valued at $51,179,689.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Travelzoo news, major shareholder Azzurro Capital Inc sold 22,500 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $10.16, for a total transaction of $228,600.00. Following the sale, the insider now owns 5,037,371 shares of the company’s stock, valued at $51,179,689.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Holger Bartel sold 100,000 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $11.44, for a total transaction of $1,144,000.00. The disclosure for this sale can be found here. Insiders have sold 379,254 shares of company stock valued at $4,459,596 in the last 90 days. 57.45% of the stock is currently owned by company insiders.

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.