Travelzoo (NASDAQ:TZOO) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Travelzoo (NASDAQ:TZOO) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.58 and traded as high as $17.45. Travelzoo shares last traded at $17.07, with a volume of 142,882 shares.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Barrington Research raised their target price on Travelzoo from $12.00 to $15.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. StockNews.com cut shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 1st. Litchfield Hills Research assumed coverage on shares of Travelzoo in a report on Wednesday, September 4th. They set a “buy” rating and a $35.00 target price on the stock. Finally, Ascendiant Capital Markets raised their price target on shares of Travelzoo from $17.00 to $18.00 and gave the company a “buy” rating in a report on Monday, August 19th.

Travelzoo Stock Performance

The stock has a 50-day moving average price of $13.80 and a 200-day moving average price of $10.64. The stock has a market cap of $209.79 million, a P/E ratio of 15.95 and a beta of 1.69.

Travelzoo (NASDAQ:TZOO) last released its quarterly earnings results on Wednesday, October 23rd. The information services provider reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. The business had revenue of $20.10 million during the quarter, compared to analysts’ expectations of $21.15 million. Travelzoo had a net margin of 16.67% and a return on equity of 174.97%. During the same quarter in the previous year, the company earned $0.16 EPS. Sell-side analysts forecast that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Travelzoo announced that its board has authorized a share buyback plan on Wednesday, October 23rd that permits the company to buyback 1,000,000 outstanding shares. This buyback authorization permits the information services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, major shareholder Azzurro Capital Inc sold 15,000 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $14.72, for a total transaction of $220,800.00. Following the transaction, the insider now directly owns 4,960,196 shares in the company, valued at approximately $73,014,085.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Azzurro Capital Inc sold 15,000 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $14.72, for a total value of $220,800.00. Following the completion of the sale, the insider now owns 4,960,196 shares of the company’s stock, valued at approximately $73,014,085.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Holger Bartel sold 20,000 shares of Travelzoo stock in a transaction on Friday, August 16th. The stock was sold at an average price of $11.91, for a total transaction of $238,200.00. Following the completion of the transaction, the chief executive officer now owns 260,000 shares in the company, valued at approximately $3,096,600. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 434,788 shares of company stock valued at $5,732,583 over the last 90 days. Insiders own 57.45% of the company’s stock.

Institutional Investors Weigh In On Travelzoo

A number of hedge funds and other institutional investors have recently modified their holdings of TZOO. American Century Companies Inc. purchased a new position in shares of Travelzoo in the second quarter worth $82,000. Ritholtz Wealth Management purchased a new position in shares of Travelzoo in the second quarter valued at about $82,000. Fermata Advisors LLC purchased a new stake in shares of Travelzoo during the second quarter worth about $101,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Travelzoo in the first quarter worth about $132,000. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in Travelzoo by 73.7% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 47,196 shares of the information services provider’s stock valued at $358,000 after purchasing an additional 20,019 shares during the period. Institutional investors own 27.39% 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.