Travelzoo (NASDAQ:TZOO) Issues Earnings Results

Travelzoo (NASDAQ:TZOO) issued its earnings results on Thursday. The information services provider reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04, Zacks reports. The business had revenue of $21.14 million for 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 157.07%. During the same period in the prior year, the firm earned $0.17 EPS.

Travelzoo Trading Up 7.5 %

Shares of TZOO traded up $0.70 during mid-day trading on Friday, hitting $10.05. The company’s stock had a trading volume of 186,996 shares, compared to its average volume of 71,772. The company’s 50-day moving average is $8.00 and its 200-day moving average is $8.74. Travelzoo has a 52-week low of $4.77 and a 52-week high of $11.23. The firm has a market capitalization of $131.66 million, a price-to-earnings ratio of 11.04 and a beta of 1.74.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TZOO. StockNews.com upgraded shares of Travelzoo from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th. Barrington Research reaffirmed an “outperform” rating and issued a $12.00 price target on shares of Travelzoo in a research report on Friday.

Insider Transactions at Travelzoo

In other news, major shareholder Azzurro Capital Inc sold 17,500 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $7.71, for a total value of $134,925.00. Following the completion of the sale, the insider now owns 5,142,371 shares of the company’s stock, valued at approximately $39,647,680.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders sold 82,500 shares of company stock valued at $653,225. Company insiders own 57.45% of the company’s stock.

About Travelzoo

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.