Travelzoo (NASDAQ:TZOO) Short Interest Update

Travelzoo (NASDAQ:TZOO) was the target of a large drop in short interest in the month of 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. Approximately 2.1% of the company’s shares are short sold.

Travelzoo Stock Up 0.7 %

TZOO stock traded up $0.13 during trading on Monday, reaching $19.85. 154,272 shares of the company’s stock were exchanged, compared to its average volume of 113,033. Travelzoo has a 1-year low of $7.12 and a 1-year high of $22.44. The firm has a market cap of $234.31 million, a PE ratio of 18.55 and a beta of 1.71. The company’s fifty day moving average price is $18.64 and its 200-day moving average price is $13.47.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings data on Wednesday, October 23rd. The information services provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.06. The business had revenue of $20.10 million during the quarter, compared to the consensus estimate of $21.15 million. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. During the same quarter in the prior year, the company posted $0.16 earnings per share. As a group, sell-side analysts expect that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Travelzoo announced that its Board of Directors has approved a stock buyback program on Wednesday, October 23rd that permits the company to buyback 1,000,000 outstanding shares. This buyback authorization permits the information services provider to buy shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

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

Insider Activity

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $15.02, for a total value of $150,200.00. Following the completion of the transaction, the insider now owns 4,837,696 shares in the company, valued at $72,662,193.92. This represents a 0.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Holger Bartel sold 23,057 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $19.73, for a total transaction of $454,914.61. Following 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. In the last 90 days, insiders have sold 265,557 shares of company stock valued at $4,672,865. Company insiders own 57.45% of the company’s stock.

Institutional Investors Weigh In On Travelzoo

Institutional investors have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Travelzoo in the third quarter valued at $35,000. American Century Companies Inc. bought a new stake in Travelzoo in the second quarter worth about $82,000. Ritholtz Wealth Management acquired a new stake in Travelzoo in the 2nd quarter valued at about $82,000. Quadrature Capital Ltd bought a new position in shares of Travelzoo during the 3rd quarter valued at about $134,000. Finally, Barclays PLC acquired a new position in shares of Travelzoo in the 3rd quarter worth approximately $138,000. 27.39% of the stock is currently owned by institutional investors and hedge funds.

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.