Travelzoo (NASDAQ:TZOO) Issues Quarterly Earnings Results

Travelzoo (NASDAQ:TZOO) announced its earnings results on Thursday. The information services provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04, Zacks reports. Travelzoo had a net margin of 15.59% and a return on equity of 157.07%. The business had revenue of $21.14 million for the quarter, compared to analyst estimates of $21.58 million. During the same quarter last year, the business earned $0.17 earnings per share.

Travelzoo Price Performance

Shares of TZOO stock traded up $0.70 during trading hours on Friday, hitting $10.05. The company had a trading volume of 186,996 shares, compared to its average volume of 71,772. Travelzoo has a fifty-two week low of $4.77 and a fifty-two week high of $11.23. The company’s fifty day moving average is $8.00 and its 200 day moving average is $8.74. The stock has a market capitalization of $131.66 million, a PE ratio of 11.04 and a beta of 1.74.

Insider Buying and Selling at Travelzoo

In other news, major shareholder Azzurro Capital Inc sold 20,000 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $8.51, for a total transaction of $170,200.00. Following the completion of the transaction, the insider now directly owns 5,179,871 shares in the company, valued at $44,080,702.21. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold a total of 82,500 shares of company stock valued at $653,225 over the last quarter. 57.45% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. StockNews.com upgraded Travelzoo from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 27th. Barrington Research reissued an “outperform” rating and issued a $12.00 price target on shares of Travelzoo in a research note on Friday.

Travelzoo Company Profile

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.