Zacks: Travelzoo (TZOO) Receives Consensus Rating of “Hold” from Analysts

Travelzoo (NASDAQ:TZOO) has earned an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.

Zacks has also assigned Travelzoo an industry rank of 226 out of 265 based on the ratings given to its competitors.

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Travelzoo stock traded up $0.10 during trading on Monday, reaching $6.80. The company had a trading volume of 35,575 shares, compared to its average volume of 32,352. Travelzoo has a 1-year low of $5.75 and a 1-year high of $11.25. The stock has a market capitalization of $83.49, a P/E ratio of 83.75 and a beta of 0.83.

Travelzoo (NASDAQ:TZOO) last released its quarterly earnings results on Thursday, February 8th. The information services provider reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. Travelzoo had a net margin of 3.31% and a return on equity of 7.34%. The firm had revenue of $27.00 million for the quarter, compared to analysts’ expectations of $23.90 million. During the same quarter last year, the company earned $0.07 EPS. The firm’s revenue for the quarter was up .7% compared to the same quarter last year.

Travelzoo announced that its board has initiated a share repurchase plan on Monday, March 5th that authorizes the company to repurchase 500,000 outstanding shares. This repurchase authorization authorizes the information services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

In related news, major shareholder Azzurro Capital Inc sold 7,010 shares of Travelzoo stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $7.20, for a total value of $50,472.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 58.51% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the business. Northern Trust Corp lifted its holdings in Travelzoo by 3.8% in the 2nd quarter. Northern Trust Corp now owns 54,944 shares of the information services provider’s stock valued at $601,000 after purchasing an additional 2,034 shares in the last quarter. Financial & Investment Management Group Ltd. lifted its holdings in Travelzoo by 112.3% in the 4th quarter. Financial & Investment Management Group Ltd. now owns 24,252 shares of the information services provider’s stock valued at $156,000 after purchasing an additional 12,826 shares in the last quarter. Macquarie Group Ltd. purchased a new position in Travelzoo in the 3rd quarter valued at $168,000. Finally, PEAK6 Investments L.P. purchased a new position in Travelzoo in the 3rd quarter valued at $185,000. Institutional investors own 22.13% of the company’s stock.

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Travelzoo Company Profile

Travelzoo, formerly Travelzoo Inc, is a media commerce company. The Company informs over 28 million members in Asia Pacific, Europe and North America, as well as various Website users, about the travel and entertainment deals available from a range of companies. The Company operates through three segments: Asia Pacific, Europe and North America.

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