Travelzoo (NASDAQ:TZOO) Issues Earnings Results

Travelzoo (NASDAQ:TZOO) announced its earnings results on Wednesday. The information services provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02), Zacks reports. The company had revenue of $23.14 million for the quarter, compared to analyst estimates of $22.99 million. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%.

Travelzoo Trading Up 1.9 %

Shares of NASDAQ:TZOO opened at $14.14 on Friday. The firm has a fifty day moving average price of $13.58 and a 200 day moving average price of $17.22. Travelzoo has a 1 year low of $7.12 and a 1 year high of $24.85. The stock has a market capitalization of $159.00 million, a PE ratio of 13.21 and a beta of 1.41.

Insiders Place Their Bets

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 32,500 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $14.33, for a total transaction of $465,725.00. Following the sale, the insider now owns 4,322,696 shares of the company’s stock, valued at $61,944,233.68. This represents a 0.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Holger Bartel sold 4,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $15.42, for a total value of $61,680.00. The disclosure for this sale can be found here. Insiders sold a total of 101,500 shares of company stock valued at $1,471,555 in the last quarter. Insiders own 47.00% of the company’s stock.

Analyst Ratings Changes

Separately, Barrington Research reiterated an “outperform” rating and set a $17.00 target price on shares of Travelzoo in a research note on Tuesday.

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.