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

Wall Street Zen lowered shares of Travelzoo (NASDAQ:TZOO) from a hold rating to a sell rating in a research note issued to investors on Saturday.

Several other research analysts have also commented on TZOO. Weiss Ratings restated a “hold (c)” rating on shares of Travelzoo in a report on Friday, August 14th. UBS Group set a $9.50 price objective on shares of Travelzoo in a research note on Wednesday, July 29th. Barrington Research increased their price objective on shares of Travelzoo from $8.00 to $12.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Zacks Research downgraded shares of Travelzoo from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Finally, Ascendiant Capital Markets reduced their target price on shares of Travelzoo from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, August 20th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $13.83.

Travelzoo Price Performance

Shares of NASDAQ:TZOO opened at $6.76 on Friday. The firm has a market capitalization of $68.95 million, a PE ratio of 225.33 and a beta of 1.33. The business has a 50-day moving average of $9.46 and a two-hundred day moving average of $8.23. Travelzoo has a 12 month low of $4.72 and a 12 month high of $12.39.

Travelzoo (NASDAQ:TZOO) last released its quarterly earnings data on Tuesday, July 28th. The information services provider reported ($0.21) earnings per share 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 9.35%. The firm had revenue of $23.21 million during the quarter, compared to analyst estimates of $25.00 million. During the same period in the prior year, the firm earned $0.12 earnings per share. As a group, research analysts anticipate that Travelzoo will post -0.14 earnings per share for the current year.

Institutional Trading of Travelzoo

A number of hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new position in shares of Travelzoo in the fourth quarter valued at $25,000. Quarry LP purchased a new stake in Travelzoo during the 3rd quarter worth $26,000. Bank of America Corp DE increased its stake in Travelzoo by 1,242.5% during the 2nd quarter. Bank of America Corp DE now owns 2,148 shares of the information services provider’s stock worth $27,000 after buying an additional 1,988 shares during the period. JPMorgan Chase & Co. lifted its holdings in Travelzoo by 42,900.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,010 shares of the information services provider’s stock worth $38,000 after buying an additional 3,003 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Travelzoo in the 2nd quarter worth $44,000. Hedge funds and other institutional investors own 27.39% of the company’s stock.

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.