Travelzoo (NASDAQ:TZOO) Short Interest Update

Travelzoo (NASDAQ:TZOO) saw a significant growth in short interest in January. As of January 15th, there was short interest totalling 185,300 shares, a growth of 23.2% from the December 31st total of 150,400 shares. Currently, 2.5% of the shares of the stock are sold short. Based on an average daily volume of 138,500 shares, the days-to-cover ratio is currently 1.3 days.

Travelzoo Stock Performance

Shares of Travelzoo stock traded up $0.07 on Friday, reaching $19.83. 64,905 shares of the stock were exchanged, compared to its average volume of 102,770. The firm has a market cap of $233.99 million, a PE ratio of 18.53 and a beta of 1.71. The firm’s 50 day moving average is $20.09 and its 200-day moving average is $15.48. Travelzoo has a one year low of $7.12 and a one year high of $22.44.

Travelzoo announced that its board has authorized a share repurchase program on Wednesday, October 23rd that authorizes the company to buyback 1,000,000 outstanding shares. This buyback authorization authorizes the information services provider to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Travelzoo

In other news, major shareholder Azzurro Capital Inc sold 60,000 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $17.28, for a total transaction of $1,036,800.00. Following the sale, the insider now owns 4,577,696 shares in the company, valued at approximately $79,102,586.88. This represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Holger Bartel sold 23,057 shares of the company’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 transaction, the chief executive officer now owns 4,000 shares in the company, valued at approximately $78,920. This trade represents a 85.22 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 155,557 shares of company stock valued at $2,843,940. 57.45% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TZOO. Jane Street Group LLC bought a new position in Travelzoo during the 3rd quarter worth approximately $298,000. Hennion & Walsh Asset Management Inc. raised its holdings in Travelzoo by 169.5% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 127,186 shares of the information services provider’s stock worth $1,533,000 after buying an additional 79,990 shares during the last quarter. Geode Capital Management LLC lifted its position in Travelzoo by 10.6% in the 3rd quarter. Geode Capital Management LLC now owns 82,241 shares of the information services provider’s stock valued at $991,000 after acquiring an additional 7,857 shares in the last quarter. Barclays PLC bought a new position in shares of Travelzoo in the third quarter valued at approximately $138,000. Finally, Ritholtz Wealth Management boosted its holdings in Travelzoo by 57.7% during the 4th quarter. Ritholtz Wealth Management now owns 54,341 shares of the information services provider’s stock worth $1,084,000 after acquiring an additional 19,888 shares during the last quarter. 27.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. Barrington Research lifted their price target on shares of Travelzoo from $12.00 to $15.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. StockNews.com lowered shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 1st. Finally, Ascendiant Capital Markets increased their target price on Travelzoo from $18.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, November 11th.

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.