Travelzoo (NASDAQ:TZOO) Short Interest Up 38.4% in September

Travelzoo (NASDAQ:TZOO) saw a significant growth in short interest in September. As of September 15th, there was short interest totalling 205,400 shares, a growth of 38.4% from the August 31st total of 148,400 shares. Currently, 2.9% of the company’s stock are sold short. Based on an average trading volume of 114,200 shares, the short-interest ratio is presently 1.8 days.

Insider Activity at Travelzoo

In related news, major shareholder Azzurro Capital Inc sold 22,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $10.16, for a total value of $228,600.00. Following the transaction, the insider now directly owns 5,037,371 shares of the company’s stock, valued at approximately $51,179,689.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Travelzoo news, major shareholder Azzurro Capital Inc sold 22,500 shares of Travelzoo stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $10.16, for a total value of $228,600.00. Following the completion of the sale, the insider now owns 5,037,371 shares of the company’s stock, valued at approximately $51,179,689.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Christina Sindoni Ciocca sold 12,288 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $14.35, for a total value of $176,332.80. Following the transaction, the general counsel now directly owns 44,623 shares in the company, valued at $640,340.05. The disclosure for this sale can be found here. Insiders sold 279,254 shares of company stock valued at $3,315,596 over the last 90 days. Corporate insiders own 57.45% of the company’s stock.

Institutional Trading of Travelzoo

Several hedge funds have recently bought and sold shares of the stock. 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. Quadrature Capital Ltd bought a new stake in Travelzoo during the 4th quarter worth approximately $445,000. Hennion & Walsh Asset Management Inc. purchased a new position in Travelzoo during the first quarter valued at approximately $277,000. Fermata Advisors LLC bought a new position in shares of Travelzoo in the second quarter worth approximately $101,000. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of Travelzoo in the first quarter worth $132,000. Institutional investors own 27.39% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. 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 report on Monday, August 19th. Barrington Research reiterated an “outperform” rating and set a $12.00 target price on shares of Travelzoo in a research note on Friday, July 26th. StockNews.com upgraded Travelzoo from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Litchfield Hills Research assumed coverage on Travelzoo in a research report on Wednesday, September 4th. They set a “buy” rating and a $35.00 price objective for the company.

Travelzoo Trading Up 1.6 %

Shares of NASDAQ TZOO opened at $12.56 on Friday. Travelzoo has a 12-month low of $4.77 and a 12-month high of $15.23. The firm has a market capitalization of $154.36 million, a price-to-earnings ratio of 13.80 and a beta of 1.74. The firm has a 50 day moving average of $11.74 and a 200 day moving average of $9.73.

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

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.