Travelzoo (NASDAQ:TZOO) Announces Earnings Results, Misses Estimates By $0.35 EPS

Travelzoo (NASDAQ:TZOO) released its quarterly earnings data on Tuesday. The information services provider reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.35), RTT News reports. Travelzoo had a negative return on equity of 101.85% and a net margin of 4.32%.During the same period in the previous year, the firm posted $0.12 earnings per share.

Travelzoo Stock Performance

Travelzoo stock traded down $3.06 during midday trading on Tuesday, reaching $7.14. 241,863 shares of the company were exchanged, compared to its average volume of 182,864. The firm’s 50-day simple moving average is $10.63 and its 200-day simple moving average is $8.08. Travelzoo has a 1 year low of $4.72 and a 1 year high of $12.39. The company has a market capitalization of $73.45 million, a price-to-earnings ratio of 20.13 and a beta of 1.28.

Analysts Set New Price Targets

TZOO has been the topic of a number of recent analyst reports. Barrington Research upped their price target on shares of Travelzoo from $8.00 to $12.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Weiss Ratings raised shares of Travelzoo from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, May 19th. Ascendiant Capital Markets upped their target price on shares of Travelzoo from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Wall Street Zen raised shares of Travelzoo from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Finally, Zacks Research upgraded shares of Travelzoo from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 23rd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $15.67.

Institutional Investors Weigh In On Travelzoo

A number of hedge funds and other institutional investors have recently modified their holdings of TZOO. Cubist Systematic Strategies LLC acquired a new position in shares of Travelzoo in the first quarter valued at approximately $120,000. Millennium Management LLC grew its stake in Travelzoo by 299.8% in the 1st quarter. Millennium Management LLC now owns 309,097 shares of the information services provider’s stock worth $4,213,000 after acquiring an additional 231,790 shares during the period. Goldman Sachs Group Inc. grew its stake in Travelzoo by 60.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 45,528 shares of the information services provider’s stock worth $621,000 after acquiring an additional 17,146 shares during the period. Jane Street Group LLC raised its holdings in Travelzoo by 63.6% in the 1st quarter. Jane Street Group LLC now owns 28,779 shares of the information services provider’s stock valued at $392,000 after acquiring an additional 11,189 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Travelzoo by 113.8% in the 2nd quarter. Geode Capital Management LLC now owns 157,267 shares of the information services provider’s stock valued at $2,002,000 after acquiring an additional 83,719 shares during the last quarter. 27.39% of the stock is currently owned by hedge funds and other institutional investors.

About Travelzoo

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.