Travelzoo (NASDAQ:TZOO) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Travelzoo (NASDAQ:TZOO) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.22 and traded as high as $10.74. Travelzoo shares last traded at $10.73, with a volume of 99,240 shares trading hands.

Wall Street Analyst Weigh In

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

Travelzoo Trading Up 7.0%

The stock has a market capitalization of $110.30 million, a price-to-earnings ratio of 29.81 and a beta of 1.29. The stock’s 50 day moving average is $8.79 and its two-hundred day moving average is $7.22.

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

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TZOO. State of Alaska Department of Revenue acquired a new position in Travelzoo during the fourth quarter worth $25,000. Quarry LP acquired a new position in Travelzoo during the third quarter valued at approximately $26,000. Bank of America Corp DE boosted its position in Travelzoo by 1,242.5% during the second quarter. Bank of America Corp DE now owns 2,148 shares of the information services provider’s stock valued at $27,000 after purchasing an additional 1,988 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Travelzoo by 42,900.0% during the second quarter. JPMorgan Chase & Co. now owns 3,010 shares of the information services provider’s stock valued at $38,000 after purchasing an additional 3,003 shares during the last quarter. Finally, AlphaQuest LLC boosted its position in Travelzoo by 57.8% during the third quarter. AlphaQuest LLC now owns 4,463 shares of the information services provider’s stock valued at $44,000 after purchasing an additional 1,635 shares during the last quarter. Institutional investors and hedge funds own 27.39% of the company’s stock.

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.