Travelzoo (NASDAQ:TZOO) Upgraded to Strong-Buy at StockNews.com

Posted by on Apr 12th, 2023

Travelzoo (NASDAQ:TZOO – Get Rating) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Wednesday.

Separately, TheStreet upgraded shares of Travelzoo from a “d+” rating to a “c” rating in a research report on Thursday, March 23rd.

Travelzoo Price Performance

TZOO opened at $5.87 on Wednesday. Travelzoo has a one year low of $4.10 and a one year high of $8.30. The stock has a market capitalization of $92.16 million, a P/E ratio of 11.08 and a beta of 1.62. The company’s 50 day simple moving average is $5.20 and its 200-day simple moving average is $5.11.

Travelzoo (NASDAQ:TZOO – Get Rating) last released its earnings results on Wednesday, March 22nd. The information services provider reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.08. The business had revenue of $18.61 million during the quarter, compared to the consensus estimate of $18.45 million. Travelzoo had a net margin of 9.40% and a return on equity of 553.83%. As a group, analysts anticipate that Travelzoo will post 0.62 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder Ralph Bartel sold 8,700 shares of the company’s stock in a transaction on Wednesday, April 5th. The shares were sold at an average price of $6.53, for a total value of $56,811.00. Following the completion of the sale, the insider now owns 7,858,720 shares of the company’s stock, valued at approximately $51,317,441.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 47.42% of the company’s stock.

Hedge Funds Weigh In On Travelzoo

A number of institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its position in Travelzoo by 214.4% in the second quarter. JPMorgan Chase & Co. now owns 9,571 shares of the information services provider’s stock worth $58,000 after purchasing an additional 6,527 shares during the last quarter. LPL Financial LLC acquired a new position in Travelzoo in the 2nd quarter worth approximately $65,000. PDT Partners LLC purchased a new stake in Travelzoo in the 2nd quarter worth approximately $67,000. Virtu Financial LLC purchased a new stake in Travelzoo in the 2nd quarter worth approximately $68,000. Finally, Boyar Asset Management Inc. lifted its position in shares of Travelzoo by 56.7% during the 3rd quarter. Boyar Asset Management Inc. now owns 19,350 shares of the information services provider’s stock valued at $86,000 after buying an additional 7,000 shares in the last quarter. Hedge funds and other institutional investors own 28.26% of the company’s stock.

About Travelzoo

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Travelzoo Inc operates as a global media commerce company that engages in the provision of information to subscribers and website users about travel, entertainment, and local deals available from various companies. Its publications and products include the Travelzoo website (travelzoo.com), the Travelzoo iPhone and Android apps, the Travelzoo Top 20 e-mail newsletter, and the Newsflash e-mail alert service.

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