Travelzoo (NASDAQ:TZOO) Shares Pass Above 200-Day Moving Average – Here’s Why

Travelzoo (NASDAQ:TZOO)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.09 and traded as high as $10.20. Travelzoo shares last traded at $9.79, with a volume of 91,819 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on TZOO shares. Ascendiant Capital Markets raised their price objective on Travelzoo from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Weiss Ratings upgraded shares of Travelzoo from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, May 19th. Barrington Research upped their target price on shares of Travelzoo from $8.00 to $12.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Zacks Research raised shares of Travelzoo from a “strong sell” rating to a “hold” rating in a report on Thursday, April 23rd. Finally, UBS Group set a $12.00 price target on Travelzoo in a research report on Friday, April 24th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Travelzoo has an average rating of “Moderate Buy” and an average price target of $15.67.

Travelzoo Stock Up 1.9%

The stock has a market cap of $102.59 million, a P/E ratio of 27.72 and a beta of 1.29. The business has a 50 day moving average price of $8.35 and a 200 day moving average price of $7.11.

Travelzoo (NASDAQ:TZOO) last released its earnings results on Thursday, April 23rd. The information services provider reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.07. The firm had revenue of $24.27 million for the quarter, compared to analysts’ expectations of $24.62 million. Travelzoo had a negative return on equity of 101.85% and a net margin of 4.32%. On average, research analysts expect that Travelzoo will post 0.69 earnings per share for the current fiscal year.

Travelzoo declared that its board has approved a share repurchase plan on Thursday, March 5th that allows the company to buyback 1,000,000 outstanding shares. This buyback authorization allows the information services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Travelzoo

A number of hedge funds have recently added to or reduced their stakes in the stock. Thompson Davis & CO. Inc. bought a new position in Travelzoo in the 1st quarter worth about $86,000. AQR Capital Management LLC grew its stake in Travelzoo by 28.5% in the 4th quarter. AQR Capital Management LLC now owns 101,449 shares of the information services provider’s stock worth $722,000 after acquiring an additional 22,490 shares in the last quarter. Lazard Asset Management LLC bought a new position in Travelzoo in the 4th quarter worth about $115,000. Jain Global LLC bought a new position in Travelzoo in the 4th quarter worth about $74,000. Finally, Squarepoint Ops LLC grew its stake in Travelzoo by 224.5% in the 4th quarter. Squarepoint Ops LLC now owns 52,288 shares of the information services provider’s stock worth $372,000 after acquiring an additional 36,174 shares in the last quarter. 27.39% of the stock is currently owned by institutional investors.

Travelzoo Company Profile

Travelzoo (NASDAQ: TZOO) is a global internet media company specializing in publishing curated travel, entertainment and local deals to a subscriber base of millions. Through its website, mobile applications and weekly email newsletters, Travelzoo partners with airlines, hotels, cruise lines, tour operators and local merchants to promote time-sensitive offers at discounted rates. The company generates revenue primarily from media commissions, advertising arrangements and marketing services provided to its hotel and resort partners.

Founded in 1998, Travelzoo went public on the NASDAQ in 2003 under the ticker symbol TZOO.