Wall Street Zen upgraded shares of Travelzoo (NASDAQ:TZOO – Free Report) from a sell rating to a hold rating in a research note released on Saturday morning,Wall Street Zen reports.
A number of other equities research analysts also recently issued reports on TZOO. UBS Group set a $9.50 price target on Travelzoo in a research report on Wednesday, July 29th. Zacks Research raised Travelzoo from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 20th. Ascendiant Capital Markets dropped their price objective on Travelzoo from $23.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, August 20th. Finally, Weiss Ratings downgraded Travelzoo from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, September 29th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.83.
Read Our Latest Analysis on Travelzoo
Travelzoo Trading Up 3.0%
NASDAQ:TZOO opened at $5.16 on Friday. The stock has a 50 day simple moving average of $5.66 and a 200 day simple moving average of $7.41. The stock has a market cap of $52.63 million, a P/E ratio of -28.67 and a beta of 1.36. Travelzoo has a 1-year low of $4.72 and a 1-year high of $12.39.
Travelzoo (NASDAQ:TZOO – Get Free Report) last issued its quarterly earnings data on Tuesday, October 27th. The information services provider reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.11). Travelzoo had a negative net margin of 1.82% and a negative return on equity of 9.35%. The firm had revenue of $22.91 million during the quarter, compared to analyst estimates of $22.97 million. During the same period in the prior year, the company earned $0.01 earnings per share. As a group, sell-side analysts forecast that Travelzoo will post -0.12 EPS for the current year.
Institutional Investors Weigh In On Travelzoo
An institutional investor recently bought a new position in Travelzoo stock. Bank of New York Mellon Corp purchased a new stake in Travelzoo (NASDAQ:TZOO – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 55,177 shares of the information services provider’s stock, valued at approximately $644,000. Bank of New York Mellon Corp owned about 0.54% of Travelzoo at the end of the most recent quarter. Institutional investors and hedge funds own 27.39% of the company’s stock.
Travelzoo Company Profile
Travelzoo (NASDAQ: TZOO) is an internet media company that publishes travel and entertainment offers for consumers. Its platform features deals on hotels, vacations, cruises, flights, restaurants, spas, events and other leisure activities, connecting participating businesses with an audience of members and website visitors.
The company’s products and services include its travel and local-deals publications, destination and deal guides, and online tools that help users discover and compare travel opportunities.
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