Travelzoo (NASDAQ:TZOO) Issues Earnings Results

Travelzoo (NASDAQ:TZOO) posted its quarterly earnings data on Wednesday. The information services provider reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06, Yahoo Finance reports. Travelzoo had a return on equity of 170.06% and a net margin of 15.59%. The firm had revenue of $20.10 million for the quarter, compared to analyst estimates of $21.15 million. During the same quarter last year, the company earned $0.16 EPS.

Travelzoo Price Performance

TZOO stock traded up $0.43 during midday trading on Friday, reaching $15.46. 91,579 shares of the stock were exchanged, compared to its average volume of 105,830. The stock has a market capitalization of $190.00 million, a PE ratio of 15.49 and a beta of 1.74. Travelzoo has a 52 week low of $6.57 and a 52 week high of $15.71. The company has a fifty day moving average price of $12.67 and a 200 day moving average price of $10.03.

Travelzoo announced that its Board of Directors has authorized a share repurchase program on Wednesday, October 23rd that permits the company to buyback 1,000,000 outstanding shares. This buyback authorization permits the information services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts have commented on the company. StockNews.com lowered Travelzoo from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Barrington Research lifted their price target on Travelzoo from $12.00 to $15.00 and gave the company an “outperform” rating in a research note on Tuesday. Ascendiant Capital Markets lifted their price target on Travelzoo from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, August 19th. Finally, Litchfield Hills Research started coverage on Travelzoo in a research note on Wednesday, September 4th. They issued a “buy” rating and a $35.00 price target on the stock.

Insider Buying and Selling

In related news, major shareholder Azzurro Capital Inc sold 3,500 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $9.32, for a total transaction of $32,620.00. Following the sale, the insider now owns 5,033,871 shares in the company, valued at $46,915,677.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, major shareholder Azzurro Capital Inc sold 3,500 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $9.32, for a total transaction of $32,620.00. Following the sale, the insider now owns 5,033,871 shares in the company, valued at $46,915,677.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Christina Sindoni Ciocca sold 12,288 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $14.35, for a total value of $176,332.80. Following the sale, the general counsel now owns 44,623 shares in the company, valued at $640,340.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 379,254 shares of company stock worth $4,459,596 in the last 90 days. Insiders own 57.45% of the company’s stock.

About Travelzoo

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.