Azzurro Capital Inc Sells 37,500 Shares of Travelzoo (NASDAQ:TZOO) Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 37,500 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $12.99, for a total transaction of $487,125.00. Following the completion of the transaction, the insider now owns 4,922,696 shares of the company’s stock, valued at $63,945,821.04. The sale was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Azzurro Capital Inc also recently made the following trade(s):

• On Thursday, September 26th, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The stock was sold at an average price of $12.54, for a total transaction of $125,400.00.
• On Wednesday, September 18th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The stock was sold at an average price of $14.72, for a total value of $220,800.00.
• On Thursday, August 8th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The shares were sold at an average price of $10.50, for a total value of $157,500.00.
• On Tuesday, August 6th, Azzurro Capital Inc sold 3,500 shares of Travelzoo stock. The shares were sold at an average price of $9.32, for a total value of $32,620.00.
• On Tuesday, July 30th, Azzurro Capital Inc sold 22,500 shares of Travelzoo stock. The stock was sold at an average price of $10.16, for a total transaction of $228,600.00.

Travelzoo Stock Performance

Travelzoo stock opened at $12.56 on Friday. Travelzoo has a one year low of $4.77 and a one year high of $15.23. The stock has a fifty day moving average of $11.74 and a 200 day moving average of $9.73. The stock has a market cap of $154.36 million, a PE ratio of 13.80 and a beta of 1.74.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings data on Thursday, July 25th. The information services provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. The firm had revenue of $21.14 million for the quarter, compared to analysts’ expectations 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 prior year, the business earned $0.17 EPS. As a group, sell-side analysts predict that Travelzoo will post 0.97 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. bought a new position in Travelzoo in the 1st quarter worth $277,000. Quadrature Capital Ltd bought a new position in shares of Travelzoo in the fourth quarter worth about $445,000. Acadian Asset Management LLC lifted its position in shares of Travelzoo by 9.7% during the 1st quarter. Acadian Asset Management LLC now owns 535,786 shares of the information services provider’s stock valued at $5,451,000 after buying an additional 47,352 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new position in shares of Travelzoo during the 1st quarter valued at approximately $132,000. Finally, Ritholtz Wealth Management purchased a new stake in Travelzoo in the 2nd quarter worth approximately $82,000. 27.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Barrington Research restated an “outperform” rating and issued a $12.00 price objective on shares of Travelzoo in a report on Friday, July 26th. StockNews.com upgraded shares of Travelzoo from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Litchfield Hills Research initiated coverage on shares of Travelzoo in a research note on Wednesday, September 4th. They issued a “buy” rating and a $35.00 price target for the company. Finally, Ascendiant Capital Markets increased 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.

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.