Travelzoo (NASDAQ:TZOO – Get Free Report) had its price objective cut by research analysts at Ascendiant Capital Markets from $23.00 to $20.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the information services provider’s stock. Ascendiant Capital Markets’ price objective would indicate a potential upside of 190.70% from the stock’s previous close.
TZOO has been the topic of several other reports. Zacks Research downgraded Travelzoo from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. Barrington Research boosted their price objective on Travelzoo from $8.00 to $12.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. UBS Group set a $9.50 target price on Travelzoo in a research note on Wednesday, July 29th. Wall Street Zen downgraded Travelzoo from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Travelzoo in a report on Friday, August 14th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $13.83.
Read Our Latest Research Report on Travelzoo
Travelzoo Trading Down 1.7%
Travelzoo (NASDAQ:TZOO – Get Free Report) last announced its earnings results on Tuesday, July 28th. The information services provider reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.35). The firm had revenue of $23.21 million during the quarter, compared to the consensus estimate of $25.00 million. Travelzoo had a negative return on equity of 9.35% and a net margin of 0.51%.During the same quarter last year, the business earned $0.12 EPS. Equities research analysts forecast that Travelzoo will post -0.14 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. Millennium Management LLC lifted its stake in shares of Travelzoo by 299.8% in the first quarter. Millennium Management LLC now owns 309,097 shares of the information services provider’s stock valued at $4,213,000 after buying an additional 231,790 shares during the period. Geode Capital Management LLC increased its stake in Travelzoo by 113.8% during the second quarter. Geode Capital Management LLC now owns 157,267 shares of the information services provider’s stock valued at $2,002,000 after acquiring an additional 83,719 shares during the period. Goldman Sachs Group Inc. increased its stake in Travelzoo by 170.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 145,848 shares of the information services provider’s stock valued at $1,038,000 after acquiring an additional 91,932 shares during the period. AQR Capital Management LLC raised its holdings in Travelzoo by 28.5% in the 4th quarter. AQR Capital Management LLC now owns 101,449 shares of the information services provider’s stock valued at $722,000 after acquiring an additional 22,490 shares in the last quarter. Finally, State Street Corp raised its holdings in Travelzoo by 4.5% in the 4th quarter. State Street Corp now owns 86,279 shares of the information services provider’s stock valued at $614,000 after acquiring an additional 3,754 shares in the last quarter. Institutional investors and hedge funds own 27.39% of the company’s stock.
Travelzoo Company Profile
Travelzoo (NASDAQ: TZOO) is a global internet media company specializing in publishing curated travel, entertainment and local deals to a subscriber base of millions. Through its website, mobile applications and weekly email newsletters, Travelzoo partners with airlines, hotels, cruise lines, tour operators and local merchants to promote time-sensitive offers at discounted rates. The company generates revenue primarily from media commissions, advertising arrangements and marketing services provided to its hotel and resort partners.
Founded in 1998, Travelzoo went public on the NASDAQ in 2003 under the ticker symbol TZOO.
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