Travelzoo (NASDAQ:TZOO) Announces Quarterly Earnings Results, Hits Estimates

Travelzoo (NASDAQ:TZOO) announced its quarterly earnings results on Tuesday. The information services provider reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26, RTT News reports. Travelzoo had a return on equity of 210.54% and a net margin of 16.67%. During the same quarter last year, the firm earned $0.23 earnings per share.

Travelzoo Stock Performance

NASDAQ TZOO opened at $16.98 on Tuesday. The business’s 50 day moving average price is $20.40 and its 200-day moving average price is $16.92. Travelzoo has a fifty-two week low of $7.12 and a fifty-two week high of $24.85. The company has a market cap of $200.43 million, a P/E ratio of 15.87 and a beta of 1.70.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TZOO shares. StockNews.com downgraded Travelzoo from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 1st. Ascendiant Capital Markets increased their price objective on shares of Travelzoo from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, November 11th.

Insider Buying and Selling

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 20,000 shares of the firm’s stock in a transaction dated 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. This trade represents a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Holger Bartel sold 23,057 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $19.73, for a total value of $454,914.61. Following the transaction, the chief executive officer now directly owns 4,000 shares in the company, valued at approximately $78,920. This represents a 85.22 % decrease in their position. The disclosure for this sale can be found here. 47.00% of the stock is 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.