Travelzoo (NASDAQ:TZOO) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Travelzoo (NASDAQ:TZOO – Free Report) from a strong sell rating to a hold rating in a research report sent to investors on Tuesday,Zacks reports.

TZOO has been the subject of a number of other research reports. Weiss Ratings lowered Travelzoo from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 29th. UBS Group set a $9.50 price target on Travelzoo in a research note on Wednesday, July 29th. Wall Street Zen lowered Travelzoo from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Finally, Ascendiant Capital Markets cut their price objective on Travelzoo from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, August 20th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Travelzoo presently has a consensus rating of “Hold” and a consensus target price of $13.83.

Read Our Latest Report on Travelzoo

Travelzoo Trading Up 1.7%

Shares of Travelzoo stock opened at $5.24 on Tuesday. The firm’s 50 day simple moving average is $5.91 and its two-hundred day simple moving average is $8.15. The firm has a market capitalization of $53.45 million, a price-to-earnings ratio of 174.67 and a beta of 1.36. Travelzoo has a 12-month low of $4.72 and a 12-month high of $12.39.

Travelzoo (NASDAQ:TZOO – Get Free Report) last posted its quarterly earnings data 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 company had revenue of $23.21 million for the quarter, compared to analyst estimates 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 in the previous year, the firm posted $0.12 earnings per share. On average, sell-side analysts predict that Travelzoo will post -0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Travelzoo stock. Bank of New York Mellon Corp bought a new stake in shares of Travelzoo (NASDAQ:TZOO – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 55,177 shares of the information services provider’s stock, valued at approximately $644,000. Bank of New York Mellon Corp owned 0.54% of Travelzoo at the end of the most recent reporting period. Institutional investors and hedge funds own 27.39% of the company’s stock.

About Travelzoo

(Get Free Report)

Travelzoo is an internet media company that publishes and promotes travel, entertainment and local deals for consumers. Its offerings include curated travel offers, hotel and vacation packages, cruises, restaurants, activities, events and other experiences.

The company distributes its content through its website, email newsletters, mobile products and other digital channels. Its services have included the Travelzoo Top 20, a selection of notable travel offers; Travelzoo Experiences, which features activities and entertainment; and search and booking tools that help users discover deals from travel and local-business partners.

Founded in 1998, Travelzoo serves audiences across multiple international markets, including North America, Europe and parts of Asia-Pacific.

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