Travelzoo (NASDAQ:TZOO) Announces Earnings Results

Travelzoo (NASDAQ:TZOO) announced its quarterly earnings results on Wednesday. The information services provider reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06, Yahoo Finance reports. Travelzoo had a net margin of 15.59% and a return on equity of 170.06%. The firm had revenue of $20.10 million during the quarter, compared to analysts’ expectations of $21.15 million. During the same period in the prior year, the company earned $0.16 EPS.

Travelzoo Price Performance

Travelzoo stock traded up $0.38 during trading hours on Friday, hitting $15.41. The company had a trading volume of 192,549 shares, compared to its average volume of 106,318. The firm’s fifty day moving average is $12.67 and its 200-day moving average is $10.03. Travelzoo has a fifty-two week low of $6.57 and a fifty-two week high of $15.71. The firm has a market capitalization of $189.39 million, a P/E ratio of 15.89 and a beta of 1.74.

Travelzoo announced that its Board of Directors has initiated a stock repurchase program on Wednesday, October 23rd that allows the company to repurchase 1,000,000 shares. This repurchase authorization allows the information services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Ascendiant Capital Markets upped their price objective on Travelzoo from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, August 19th. StockNews.com downgraded Travelzoo from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Barrington Research raised their price objective on Travelzoo from $12.00 to $15.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Litchfield Hills Research initiated coverage on shares of Travelzoo in a research note on Wednesday, September 4th. They set a “buy” rating and a $35.00 target price for the company.

Insider Buying and Selling at Travelzoo

In related news, major shareholder Azzurro Capital Inc sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $9.32, for a total value of $32,620.00. Following the transaction, the insider now directly owns 5,033,871 shares of the company’s stock, valued at approximately $46,915,677.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Travelzoo news, major shareholder Azzurro Capital Inc sold 3,500 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $9.32, for a total value of $32,620.00. Following the sale, the insider now directly owns 5,033,871 shares in the company, valued at $46,915,677.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Christina Sindoni Ciocca sold 12,288 shares of Travelzoo stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $14.35, for a total value of $176,332.80. Following the sale, the general counsel now directly owns 44,623 shares in the company, valued at approximately $640,340.05. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 419,254 shares of company stock worth $5,071,496 over the last 90 days. 57.45% of the stock is currently owned by corporate insiders.

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.