Short Interest in Travelzoo (NASDAQ:TZOO) Declines By 16.5%

Travelzoo (NASDAQ:TZOO) was the recipient of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 72,100 shares, a decrease of 16.5% from the May 15th total of 86,300 shares. Based on an average daily volume of 110,800 shares, the short-interest ratio is presently 0.7 days. Currently, 1.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

TZOO has been the topic of a number of recent analyst reports. Barrington Research reduced their price target on shares of Travelzoo from $14.00 to $12.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. StockNews.com raised Travelzoo from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 5th.

Travelzoo Trading Down 0.6 %

Shares of Travelzoo stock traded down $0.05 during trading on Monday, reaching $7.71. The company’s stock had a trading volume of 1,968 shares, compared to its average volume of 99,335. The stock has a 50-day moving average price of $8.48 and a two-hundred day moving average price of $9.10. The stock has a market capitalization of $101.00 million, a P/E ratio of 8.53 and a beta of 1.68. Travelzoo has a one year low of $4.77 and a one year high of $11.23.

Travelzoo (NASDAQ:TZOO) last announced its earnings results on Wednesday, April 24th. The information services provider reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. Travelzoo had a net margin of 15.24% and a return on equity of 140.63%. The company had revenue of $21.99 million during the quarter, compared to the consensus estimate of $23.72 million. As a group, sell-side analysts anticipate that Travelzoo will post 0.92 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Azzurro Capital Inc sold 17,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $7.71, for a total transaction of $134,925.00. Following the completion of the transaction, the insider now owns 5,142,371 shares in the company, valued at approximately $39,647,680.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 80,931 shares of company stock valued at $764,625 over the last quarter. Corporate insiders own 47.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Travelzoo in the 3rd quarter valued at about $82,000. O Shaughnessy Asset Management LLC bought a new position in Travelzoo in the first quarter valued at approximately $132,000. Hillsdale Investment Management Inc. bought a new position in Travelzoo in the fourth quarter valued at approximately $171,000. Janiczek Wealth Management LLC bought a new stake in shares of Travelzoo during the 4th quarter valued at $275,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in shares of Travelzoo in the 1st quarter valued at $277,000. Institutional investors and hedge funds own 27.39% 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.