Travelzoo (NASDAQ:TZOO) Short Interest Update

Travelzoo (NASDAQ:TZOO) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 148,400 shares, an increase of 34.9% from the August 15th total of 110,000 shares. Based on an average daily volume of 100,200 shares, the short-interest ratio is presently 1.5 days. Approximately 2.1% of the shares of the stock are short sold.

Travelzoo Stock Down 2.9 %

TZOO stock traded down $0.44 during mid-day trading on Monday, hitting $14.48. 8,181 shares of the company were exchanged, compared to its average volume of 101,901. The firm has a market capitalization of $189.66 million, a P/E ratio of 16.40 and a beta of 1.74. The business has a fifty day simple moving average of $10.62 and a 200-day simple moving average of $9.42. Travelzoo has a 12-month low of $4.77 and a 12-month high of $15.23.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings results on Thursday, July 25th. The information services provider reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The company had revenue of $21.14 million during the quarter, compared to the consensus estimate of $21.58 million. Travelzoo had a net margin of 15.59% and a return on equity of 170.06%. During the same quarter in the previous year, the firm earned $0.17 earnings per share. Research analysts predict that Travelzoo will post 0.97 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder Azzurro Capital Inc sold 15,000 shares of the business’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $7.60, for a total transaction of $114,000.00. Following the transaction, the insider now owns 5,059,871 shares in the company, valued at approximately $38,455,019.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Travelzoo news, CEO Holger Bartel sold 13,466 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $10.19, for a total transaction of $137,218.54. Following the completion of the sale, the chief executive officer now directly owns 302,534 shares in the company, valued at approximately $3,082,821.46. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Azzurro Capital Inc sold 15,000 shares of the stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $7.60, for a total transaction of $114,000.00. Following the completion of the transaction, the insider now owns 5,059,871 shares in the company, valued at $38,455,019.60. The disclosure for this sale can be found here. Insiders sold a total of 144,466 shares of company stock valued at $1,470,939 over the last 90 days. Insiders own 57.45% of the company’s stock.

Institutional Investors Weigh In On Travelzoo

A number of institutional investors and hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC boosted its position in shares of Travelzoo by 9.7% in the first quarter. Acadian Asset Management LLC now owns 535,786 shares of the information services provider’s stock worth $5,451,000 after acquiring an additional 47,352 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Travelzoo during the fourth quarter worth about $445,000. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Travelzoo during the 1st quarter valued at approximately $277,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Travelzoo during the 4th quarter worth approximately $171,000. Finally, Fermata Advisors LLC bought a new stake in Travelzoo in the 2nd quarter valued at about $101,000. Institutional investors and hedge funds own 27.39% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on TZOO shares. Barrington Research restated an “outperform” rating and set a $12.00 price target on shares of Travelzoo in a report on Friday, July 26th. StockNews.com cut Travelzoo from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Ascendiant Capital Markets boosted their price objective on shares of Travelzoo from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, August 19th. Finally, Litchfield Hills Research assumed coverage on shares of Travelzoo in a report on Wednesday, September 4th. They set a “buy” rating and a $35.00 target price on the stock. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $21.67.

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.