Travelzoo (NASDAQ:TZOO) Sees Large Growth in Short Interest

Travelzoo (NASDAQ:TZOO) saw a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 314,500 shares, a growth of 39.3% from the February 13th total of 225,800 shares. Based on an average daily volume of 149,700 shares, the short-interest ratio is presently 2.1 days. Approximately 4.3% of the shares of the stock are sold short.

Travelzoo Stock Performance

TZOO stock opened at $14.48 on Friday. The stock has a market cap of $170.92 million, a P/E ratio of 13.53 and a beta of 1.69. The firm has a 50 day simple moving average of $18.87 and a 200 day simple moving average of $17.19. Travelzoo has a 52 week low of $7.12 and a 52 week high of $24.85.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings results on Wednesday, February 26th. The information services provider reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. The business had revenue of $20.68 million during the quarter, compared to analysts’ expectations of $22.06 million. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. During the same period last year, the company posted $0.23 earnings per share. Sell-side analysts predict that Travelzoo will post 1.09 EPS for the current year.

Insider Transactions at Travelzoo

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 40,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $15.26, for a total value of $610,400.00. Following the completion of the transaction, the insider now directly owns 4,382,696 shares in the company, valued at $66,879,940.96. This trade represents a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Holger Bartel sold 23,057 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $19.73, for a total transaction of $454,914.61. Following the completion of the transaction, the chief executive officer now owns 4,000 shares of the company’s stock, valued at approximately $78,920. The trade was a 85.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 87,057 shares of company stock valued at $1,518,995 in the last quarter. Insiders own 57.45% of the company’s stock.

Institutional Trading of Travelzoo

Several institutional investors have recently made changes to their positions in the stock. Ancora Advisors LLC acquired a new stake in shares of Travelzoo during the fourth quarter worth approximately $30,000. American Century Companies Inc. lifted its stake in Travelzoo by 21.3% in the fourth quarter. American Century Companies Inc. now owns 14,144 shares of the information services provider’s stock valued at $282,000 after acquiring an additional 2,483 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Travelzoo in the third quarter valued at approximately $35,000. Northern Trust Corp lifted its stake in Travelzoo by 12.1% in the fourth quarter. Northern Trust Corp now owns 27,678 shares of the information services provider’s stock valued at $552,000 after acquiring an additional 2,995 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in Travelzoo in the fourth quarter valued at approximately $87,000. 27.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Barrington Research decreased their target price on shares of Travelzoo from $25.00 to $17.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th.

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.