Travelzoo (NASDAQ:TZOO – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Sunday.
Other equities analysts have also recently issued research reports about the stock. Weiss Ratings upgraded shares of Travelzoo from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, May 19th. Barrington Research increased their target price on shares of Travelzoo from $8.00 to $12.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Ascendiant Capital Markets raised their target price on Travelzoo from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. UBS Group set a $12.00 price target on Travelzoo in a report on Friday, April 24th. Finally, Zacks Research raised Travelzoo from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 23rd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.67.
Get Our Latest Stock Report on TZOO
Travelzoo Price Performance
Travelzoo (NASDAQ:TZOO – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The information services provider reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.07. Travelzoo had a negative return on equity of 101.85% and a net margin of 4.32%.The firm had revenue of $24.27 million during the quarter, compared to analyst estimates of $24.62 million. As a group, research analysts expect that Travelzoo will post 0.69 earnings per share for the current year.
Institutional Investors Weigh In On Travelzoo
Hedge funds have recently made changes to their positions in the company. Bank of America Corp DE raised its holdings in Travelzoo by 1,242.5% in the second quarter. Bank of America Corp DE now owns 2,148 shares of the information services provider’s stock worth $27,000 after purchasing an additional 1,988 shares in the last quarter. Quarry LP purchased a new stake in Travelzoo in the third quarter worth about $26,000. JPMorgan Chase & Co. grew its holdings in Travelzoo by 42,900.0% in the second quarter. JPMorgan Chase & Co. now owns 3,010 shares of the information services provider’s stock worth $38,000 after purchasing an additional 3,003 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Travelzoo during the second quarter valued at approximately $44,000. Finally, State of Alaska Department of Revenue bought a new position in shares of Travelzoo during the fourth quarter valued at approximately $25,000. 27.39% of the stock is currently owned by institutional investors.
About Travelzoo
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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