Short Interest in Travelzoo (NASDAQ:TZOO) Drops By 21.2%

Travelzoo (NASDAQ:TZOO) saw a significant drop in short interest in December. As of December 15th, there was short interest totalling 150,400 shares, a drop of 21.2% from the November 30th total of 190,900 shares. Based on an average trading volume of 133,500 shares, the short-interest ratio is presently 1.1 days. Currently, 2.1% of the company’s stock are short sold.

Analyst Ratings Changes

A number of equities research analysts recently commented on TZOO shares. StockNews.com downgraded Travelzoo from a “strong-buy” rating to a “buy” rating in a report on Friday, November 1st. Barrington Research lifted their price objective on shares of Travelzoo from $12.00 to $15.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Ascendiant Capital Markets increased their price objective on shares of Travelzoo from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Litchfield Hills Research began coverage on shares of Travelzoo in a report on Wednesday, September 4th. They set a “buy” rating and a $35.00 target price for the company.

Insider Buying and Selling at Travelzoo

In other news, major shareholder Azzurro Capital Inc sold 10,000 shares of Travelzoo stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $15.02, for a total transaction of $150,200.00. Following the completion of the sale, the insider now directly owns 4,837,696 shares in the company, valued at approximately $72,662,193.92. The trade was a 0.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Holger Bartel sold 23,057 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $19.73, for a total value of $454,914.61. Following the completion of the transaction, the chief executive officer now directly owns 4,000 shares in the company, valued at approximately $78,920. The trade was a 85.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 265,557 shares of company stock worth $4,672,865 over the last three months. Corporate insiders own 47.00% of the company’s stock.

Institutional Investors Weigh In On Travelzoo

Hedge funds have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Travelzoo in the 3rd quarter valued at about $35,000. American Century Companies Inc. acquired a new stake in Travelzoo in the second quarter valued at approximately $82,000. Ritholtz Wealth Management purchased a new stake in shares of Travelzoo in the second quarter valued at approximately $82,000. Quadrature Capital Ltd acquired a new position in shares of Travelzoo during the 3rd quarter worth approximately $134,000. Finally, Barclays PLC purchased a new position in shares of Travelzoo during the 3rd quarter valued at approximately $138,000. 27.39% of the stock is owned by hedge funds and other institutional investors.

Travelzoo Trading Down 10.8 %

Shares of TZOO stock opened at $19.72 on Friday. Travelzoo has a twelve month low of $7.12 and a twelve month high of $22.44. The stock has a market cap of $232.77 million, a P/E ratio of 18.43 and a beta of 1.71. The stock has a 50 day moving average of $18.64 and a 200 day moving average of $13.40.

Travelzoo (NASDAQ:TZOO) last posted its earnings results on Wednesday, October 23rd. The information services provider reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.06. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. The firm had revenue of $20.10 million during the quarter, compared to analyst estimates of $21.15 million. During the same period in the previous year, the firm earned $0.16 EPS. On average, research analysts predict that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Travelzoo declared that its Board of Directors has authorized a share repurchase program on Wednesday, October 23rd that permits the company to repurchase 1,000,000 shares. This repurchase authorization permits the information services provider to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

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.