Travelzoo (NASDAQ:TZOO) Posts Earnings Results, Beats Estimates By $0.07 EPS

Travelzoo (NASDAQ:TZOO) announced its quarterly earnings data on Thursday. The information services provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.16 by $0.07, Zacks reports. Travelzoo had a net margin of 4.98% and a negative return on equity of 132.89%.

Travelzoo Stock Performance

NASDAQ TZOO traded up $4.05 during trading hours on Thursday, reaching $11.54. The company’s stock had a trading volume of 2,797,875 shares, compared to its average volume of 189,679. The company’s 50-day moving average is $6.22 and its two-hundred day moving average is $6.97. Travelzoo has a fifty-two week low of $4.72 and a fifty-two week high of $16.56. The stock has a market cap of $126.08 million, a PE ratio of 30.64 and a beta of 0.79.

Insider Activity

In other Travelzoo news, CEO Holger Bartel purchased 40,000 shares of the stock in a transaction dated Tuesday, February 24th. The shares were acquired at an average cost of $5.43 per share, for a total transaction of $217,200.00. Following the completion of the transaction, the chief executive officer directly owned 200,000 shares of the company’s stock, valued at $1,086,000. This trade represents a 25.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have bought a total of 200,000 shares of company stock valued at $1,077,000 over the last quarter. 45.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Travelzoo

A number of institutional investors and hedge funds have recently bought and sold shares of TZOO. PharVision Advisers LLC purchased a new stake in shares of Travelzoo in the third quarter valued at $149,000. Occudo Quantitative Strategies LP acquired a new position in Travelzoo in the 2nd quarter valued at about $149,000. Cubist Systematic Strategies LLC purchased a new position in Travelzoo in the 1st quarter valued at about $120,000. Lazard Asset Management LLC acquired a new stake in shares of Travelzoo during the 4th quarter worth about $115,000. Finally, Aristides Capital LLC acquired a new stake in shares of Travelzoo during the 3rd quarter worth about $106,000. Hedge funds and other institutional investors own 27.39% of the company’s stock.

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

Analyst Ratings Changes

Several research analysts have weighed in on TZOO shares. Zacks Research lowered shares of Travelzoo from a “hold” rating to a “strong sell” rating in a research report on Monday, March 2nd. Weiss Ratings lowered Travelzoo from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, March 31st. Finally, Barrington Research lowered their price target on Travelzoo from $13.00 to $8.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Travelzoo currently has an average rating of “Hold” and a consensus target price of $18.00.

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.