Travelzoo (NASDAQ:TZOO) Short Interest Up 27.8% in January

Travelzoo (NASDAQ:TZOO) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 234,300 shares, a growth of 27.8% from the January 15th total of 183,400 shares. Currently, 3.2% of the company’s shares are sold short. Based on an average daily trading volume, of 130,900 shares, the days-to-cover ratio is currently 1.8 days.

Insider Buying and Selling at Travelzoo

In other Travelzoo news, CEO Holger Bartel sold 23,057 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $19.73, for a total transaction of $454,914.61. Following the sale, the chief executive officer now directly owns 4,000 shares of the company’s stock, valued at $78,920. The trade was a 85.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Azzurro Capital Inc sold 20,000 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $19.60, for a total value of $392,000.00. Following the completion of the sale, the insider now owns 4,442,696 shares of the company’s stock, valued at $87,076,841.60. The trade was a 0.45 % decrease in their position. The disclosure for this sale can be found here. Insiders own 57.45% of the company’s stock.

Hedge Funds Weigh In On Travelzoo

Several institutional investors have recently bought and sold shares of TZOO. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Travelzoo during the 3rd quarter valued at about $35,000. Quadrature Capital Ltd bought a new position in shares of Travelzoo in the third quarter valued at approximately $134,000. Barclays PLC bought a new position in shares of Travelzoo in the third quarter valued at approximately $138,000. Wells Fargo & Company MN acquired a new stake in shares of Travelzoo in the fourth quarter worth $158,000. Finally, Virtu Financial LLC acquired a new position in Travelzoo in the 3rd quarter valued at $173,000. 27.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on TZOO. Ascendiant Capital Markets increased their price target on shares of Travelzoo from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. StockNews.com downgraded shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 1st. Finally, Barrington Research upped their price target on shares of Travelzoo from $12.00 to $15.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd.

Travelzoo Stock Down 1.6 %

Shares of TZOO opened at $20.87 on Friday. The firm has a market cap of $246.27 million, a price-to-earnings ratio of 19.50 and a beta of 1.70. The company’s fifty day moving average is $20.42 and its 200-day moving average is $16.36. Travelzoo has a 12 month low of $7.12 and a 12 month high of $24.85.

Travelzoo declared that its board has approved a stock buyback program on Wednesday, October 23rd that allows the company to buyback 1,000,000 outstanding shares. This buyback authorization allows the information services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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.