Travelzoo (NASDAQ:TZOO) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Travelzoo (NASDAQ:TZOO) from a buy rating to a hold rating in a research report released on Saturday morning.

Several other equities research analysts also recently weighed in on TZOO. Weiss Ratings raised Travelzoo from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, May 19th. Ascendiant Capital Markets boosted their price target on Travelzoo from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Barrington Research upped their price target on Travelzoo from $8.00 to $12.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Zacks Research raised shares of Travelzoo from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 23rd. Finally, UBS Group set a $9.50 price objective on shares of Travelzoo in a research note on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $14.83.

Travelzoo Trading Up 2.1%

NASDAQ:TZOO opened at $7.38 on Friday. The firm’s fifty day simple moving average is $10.41 and its 200 day simple moving average is $8.11. Travelzoo has a twelve month low of $4.72 and a twelve month high of $12.39. The firm has a market capitalization of $75.87 million, a price-to-earnings ratio of 246.00 and a beta of 1.33.

Travelzoo (NASDAQ:TZOO) last announced its quarterly earnings results on Tuesday, July 28th. The information services provider reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.35). Travelzoo had a net margin of 0.51% and a negative return on equity of 10.40%. The company had revenue of $23.21 million during the quarter, compared to analyst estimates of $25.00 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. On average, analysts predict that Travelzoo will post 0.15 earnings per share for the current year.

Institutional Trading of Travelzoo

Hedge funds and other institutional investors have recently modified their holdings of the business. Jain Global LLC acquired a new position in shares of Travelzoo in the 4th quarter valued at approximately $74,000. Wells Fargo & Company MN boosted its stake in shares of Travelzoo by 76.2% during the 4th quarter. Wells Fargo & Company MN now owns 6,787 shares of the information services provider’s stock valued at $48,000 after buying an additional 2,935 shares during the last quarter. Aristides Capital LLC acquired a new stake in shares of Travelzoo during the third quarter worth approximately $106,000. Raymond James Financial Inc. acquired a new stake in shares of Travelzoo during the second quarter worth approximately $93,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Travelzoo in the second quarter worth $44,000. 27.39% of the stock is 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.