Travelzoo (NASDAQ:TZOO) Earns Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Travelzoo (NASDAQ:TZOO – Get Rating) in a research report sent to investors on Thursday morning. The brokerage issued a buy rating on the information services provider’s stock.

Several other equities analysts also recently commented on TZOO. Barrington Research downgraded shares of Travelzoo from an outperform rating to a market perform rating in a research report on Monday, November 28th. Ascendiant Capital Markets lowered their target price on shares of Travelzoo to $16.00 in a research report on Wednesday, November 16th.

Travelzoo Price Performance

Travelzoo stock opened at $4.53 on Thursday. The company has a market capitalization of $71.12 million, a price-to-earnings ratio of 56.63 and a beta of 1.56. Travelzoo has a one year low of $4.10 and a one year high of $8.30. The company’s fifty day moving average price is $5.09 and its two-hundred day moving average price is $5.12.

Institutional Investors Weigh In On Travelzoo

Hedge funds and other institutional investors have recently made changes to their positions in the business. Boyar Asset Management Inc. grew its position in shares of Travelzoo by 56.7% in the third quarter. Boyar Asset Management Inc. now owns 19,350 shares of the information services provider’s stock valued at $86,000 after purchasing an additional 7,000 shares during the last quarter. CastleKnight Management LP bought a new stake in shares of Travelzoo in the second quarter valued at about $340,000. Essex Investment Management Co. LLC lifted its stake in shares of Travelzoo by 64.3% in the second quarter. Essex Investment Management Co. LLC now owns 170,687 shares of the information services provider’s stock valued at $1,034,000 after buying an additional 66,786 shares during the period. Eagle Asset Management Inc. lifted its stake in shares of Travelzoo by 35.9% in the second quarter. Eagle Asset Management Inc. now owns 16,025 shares of the information services provider’s stock valued at $97,000 after buying an additional 4,230 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Travelzoo by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 86,070 shares of the information services provider’s stock valued at $564,000 after buying an additional 1,690 shares during the period. 28.26% of the stock is owned by institutional investors and hedge funds.

Travelzoo Company Profile

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Travelzoo Inc operates as a global media commerce company that engages in the provision of information to subscribers and website users about travel, entertainment, and local deals available from various companies. Its publications and products include the Travelzoo website (travelzoo.com), the Travelzoo iPhone and Android apps, the Travelzoo Top 20 e-mail newsletter, and the Newsflash e-mail alert service.