Travelzoo (NASDAQ:TZOO) Major Shareholder Sells $170,200.00 in Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $8.51, for a total value of $170,200.00. Following the completion of the transaction, the insider now directly owns 5,179,871 shares of the company’s stock, valued at approximately $44,080,702.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Azzurro Capital Inc also recently made the following trade(s):

• On Wednesday, March 20th, Azzurro Capital Inc sold 43,431 shares of Travelzoo stock. The stock was sold at an average price of $10.58, for a total value of $459,499.98.
• On Monday, March 18th, Azzurro Capital Inc sold 22,500 shares of Travelzoo stock. The stock was sold at an average price of $10.20, for a total transaction of $229,500.00.
• On Friday, March 15th, Azzurro Capital Inc sold 12,500 shares of Travelzoo stock. The shares were sold at an average price of $10.25, for a total value of $128,125.00.
• On Wednesday, March 13th, Azzurro Capital Inc sold 30,000 shares of Travelzoo stock. The shares were sold at an average price of $10.10, for a total transaction of $303,000.00.
• On Monday, March 11th, Azzurro Capital Inc sold 12,500 shares of Travelzoo stock. The shares were sold at an average price of $9.82, for a total value of $122,750.00.
• On Wednesday, March 6th, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The shares were sold at an average price of $8.71, for a total transaction of $87,100.00.
• On Monday, March 4th, Azzurro Capital Inc sold 18,000 shares of Travelzoo stock. The shares were sold at an average price of $8.52, for a total value of $153,360.00.

Travelzoo Stock Performance

Shares of Travelzoo stock opened at $7.89 on Friday. The stock has a market capitalization of $103.36 million, a P/E ratio of 8.67 and a beta of 1.68. Travelzoo has a 52-week low of $4.77 and a 52-week high of $11.23. The stock’s 50-day simple moving average is $9.21 and its 200 day simple moving average is $9.18.

Travelzoo (NASDAQ:TZOO) last posted its earnings results on Wednesday, April 24th. The information services provider reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.02. The business had revenue of $21.99 million for the quarter, compared to analysts’ expectations of $23.72 million. Travelzoo had a net margin of 15.24% and a return on equity of 140.63%. Equities research analysts forecast that Travelzoo will post 0.92 EPS for the current fiscal year.

Hedge Funds Weigh In On Travelzoo

A number of institutional investors have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. bought a new position in Travelzoo in the third quarter valued at $82,000. O Shaughnessy Asset Management LLC purchased a new position in shares of Travelzoo during the 1st quarter valued at about $132,000. Hillsdale Investment Management Inc. purchased a new position in shares of Travelzoo during the 4th quarter valued at about $171,000. Janiczek Wealth Management LLC bought a new stake in Travelzoo in the 4th quarter worth approximately $275,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new stake in Travelzoo in the first quarter worth approximately $277,000. Institutional investors own 27.39% of the company’s stock.

Wall Street Analyst Weigh In

TZOO has been the topic of several research analyst reports. StockNews.com cut Travelzoo from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 11th. Barrington Research decreased their price target on shares of Travelzoo from $14.00 to $12.00 and set an “outperform” rating for the company in a research note on Wednesday, April 24th.

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.