Travelzoo (NASDAQ:TZOO) was upgraded by equities researchers at TheStreet from a “c” rating to a “b-” rating in a research report issued to clients and investors on Friday.
Separately, ValuEngine cut shares of Travelzoo from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th.
NASDAQ TZOO opened at $17.61 on Friday. Travelzoo has a 52 week low of $6.05 and a 52 week high of $21.15. The firm has a market cap of $201.28 million, a PE ratio of 43.74 and a beta of 1.18.
Travelzoo (NASDAQ:TZOO) last posted its earnings results on Wednesday, February 6th. The information services provider reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. Travelzoo had a net margin of 4.19% and a return on equity of 28.40%. The business had revenue of $27.10 million for the quarter, compared to analysts’ expectations of $27.70 million. During the same period in the previous year, the company posted $0.05 earnings per share. The business’s revenue for the quarter was up .4% compared to the same quarter last year.
In related news, insider Christian Alexander Smart purchased 3,300 shares of the company’s stock in a transaction that occurred on Friday, December 7th. The stock was acquired at an average price of $8.89 per share, for a total transaction of $29,337.00. Following the completion of the purchase, the insider now owns 5,650 shares in the company, valued at $50,228.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders purchased 5,650 shares of company stock valued at $49,758. Insiders own 61.90% of the company’s stock.
Large investors have recently modified their holdings of the stock. AQR Capital Management LLC bought a new stake in shares of Travelzoo in the third quarter worth $173,000. Bank of New York Mellon Corp bought a new stake in shares of Travelzoo in the second quarter worth $250,000. Assenagon Asset Management S.A. bought a new stake in shares of Travelzoo in the fourth quarter worth $158,000. O Shaughnessy Asset Management LLC increased its stake in shares of Travelzoo by 100.9% in the third quarter. O Shaughnessy Asset Management LLC now owns 22,977 shares of the information services provider’s stock worth $272,000 after buying an additional 11,539 shares during the last quarter. Finally, Strs Ohio increased its stake in shares of Travelzoo by 27.0% in the third quarter. Strs Ohio now owns 30,992 shares of the information services provider’s stock worth $367,000 after buying an additional 6,592 shares during the last quarter. Institutional investors and hedge funds own 32.39% of the company’s stock.
Travelzoo Inc, together with its subsidiaries, provides travel, entertainment, and local deals from travel and entertainment companies, and local businesses in the Asia Pacific, Europe, and North America. The company's publications and products include Travelzoo Websites; Travelzoo iPhone and Android applications; Travelzoo Top 20 email newsletter; and Newsflash email alert service.
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