Travelzoo (NASDAQ:TZOO) Issues Quarterly Earnings Results

Travelzoo (NASDAQ:TZOO) issued its quarterly earnings results on Wednesday. The information services provider reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26, RTT News reports. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. The firm had revenue of $20.68 million for the quarter, compared to the consensus estimate of $22.06 million. During the same quarter in the previous year, the company earned $0.23 EPS.

Travelzoo Trading Up 1.4 %

NASDAQ:TZOO opened at $15.74 on Friday. Travelzoo has a 12 month low of $7.12 and a 12 month high of $24.85. The stock has a market capitalization of $185.79 million, a price-to-earnings ratio of 14.71 and a beta of 1.70. The firm has a fifty day simple moving average of $20.08 and a two-hundred day simple moving average of $16.93.

Insider Activity

In related news, CEO Holger Bartel sold 23,057 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $19.73, for a total value of $454,914.61. Following the completion of the sale, the chief executive officer now directly owns 4,000 shares of the company’s stock, valued at $78,920. The trade was a 85.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Azzurro Capital Inc sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $19.60, for a total value of $392,000.00. Following the transaction, the insider now directly owns 4,442,696 shares in the company, valued at approximately $87,076,841.60. This trade represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 47.00% of the company’s stock.

Analyst Ratings Changes

TZOO has been the topic of several recent analyst reports. StockNews.com lowered shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a report on Friday, November 1st. Ascendiant Capital Markets lifted their price objective on Travelzoo from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Barrington Research cut their target price on Travelzoo from $25.00 to $17.00 and set an “outperform” rating on the stock in a research report on Tuesday.

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.