Travelzoo (NASDAQ:TZOO) Announces Quarterly Earnings Results

Travelzoo (NASDAQ:TZOO) announced its earnings results on Wednesday. The information services provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.02, reports. The business had revenue of $21.99 million for the quarter, compared to analysts’ expectations of $23.72 million. Travelzoo had a return on equity of 140.25% and a net margin of 15.24%.

Travelzoo Trading Up 0.9 %

Shares of TZOO opened at $8.58 on Friday. Travelzoo has a 12 month low of $4.77 and a 12 month high of $11.23. The stock has a fifty day moving average price of $9.57 and a 200-day moving average price of $8.87. The firm has a market cap of $113.26 million, a PE ratio of 9.43 and a beta of 1.71.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Barrington Research dropped their target price on Travelzoo from $14.00 to $12.00 and set an “outperform” rating on the stock in a research report on Wednesday. StockNews.com lowered Travelzoo from a “strong-buy” rating to a “buy” rating in a report on Thursday.

Insider Activity

In related news, major shareholder Azzurro Capital Inc sold 10,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $8.71, for a total value of $87,100.00. Following the completion of the transaction, the insider now owns 5,393,302 shares in the company, valued at approximately $46,975,660.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders sold 148,931 shares of company stock worth $1,483,335. Insiders own 57.45% of the company’s stock.

Hedge Funds Weigh In On Travelzoo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Denali Advisors LLC raised its stake in Travelzoo by 5.1% in the 4th quarter. Denali Advisors LLC now owns 39,200 shares of the information services provider’s stock worth $374,000 after acquiring an additional 1,900 shares during the last quarter. Jump Financial LLC raised its stake in shares of Travelzoo by 46.4% during the 4th 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 last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Travelzoo during the 3rd quarter valued at about $82,000. Hillsdale Investment Management Inc. purchased a new position in shares of Travelzoo during the 4th quarter valued at about $171,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in shares of Travelzoo during the 1st quarter valued at about $277,000. 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.