Travelzoo (NASDAQ:TZOO) Major Shareholder Sells $228,600.00 in Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 22,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $10.16, for a total transaction of $228,600.00. Following the completion of the sale, the insider now directly owns 5,037,371 shares in the company, valued at $51,179,689.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Azzurro Capital Inc also recently made the following trade(s):

• On Thursday, June 27th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The shares were sold at an average price of $7.60, for a total transaction of $114,000.00.
• On Tuesday, June 25th, Azzurro Capital Inc sold 25,000 shares of Travelzoo stock. The shares were sold at an average price of $7.80, for a total transaction of $195,000.00.
• On Thursday, June 13th, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The shares were sold at an average price of $7.82, for a total transaction of $39,100.00.
• On Thursday, May 30th, Azzurro Capital Inc sold 17,500 shares of Travelzoo stock. The shares were sold at an average price of $7.71, for a total transaction of $134,925.00.
• On Monday, May 20th, Azzurro Capital Inc sold 20,000 shares of Travelzoo stock. The shares were sold at an average price of $8.51, for a total transaction of $170,200.00.

Travelzoo Stock Down 3.2 %

NASDAQ TZOO opened at $9.86 on Friday. Travelzoo has a 52 week low of $4.77 and a 52 week high of $11.23. The stock has a market capitalization of $129.17 million, a PE ratio of 10.84 and a beta of 1.74. The firm has a 50 day moving average of $8.21 and a two-hundred day moving average of $8.77.

Travelzoo (NASDAQ:TZOO) last issued its earnings results on Thursday, July 25th. The information services provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. Travelzoo had a net margin of 15.59% and a return on equity of 157.07%. The business had revenue of $21.14 million during the quarter, compared to analysts’ expectations of $21.58 million. During the same quarter in the prior year, the business posted $0.17 EPS. On average, equities research analysts expect that Travelzoo will post 0.95 earnings per share for the current fiscal year.

Institutional Trading of Travelzoo

Several institutional investors and hedge funds have recently bought and sold shares of TZOO. Ritholtz Wealth Management purchased a new stake in Travelzoo in the 2nd quarter valued at $82,000. Fermata Advisors LLC purchased a new stake in Travelzoo in the 2nd quarter valued at $101,000. O Shaughnessy Asset Management LLC purchased a new stake in Travelzoo in the 1st quarter valued at $132,000. Hillsdale Investment Management Inc. purchased a new stake in Travelzoo in the 4th quarter valued at $171,000. Finally, Janiczek Wealth Management LLC purchased a new stake in Travelzoo in the 4th quarter valued at $275,000. Hedge funds and other institutional investors own 27.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TZOO. StockNews.com cut shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a report on Monday, July 29th. Barrington Research reiterated an “outperform” rating and set a $12.00 price target on shares of Travelzoo in a report on Friday, July 26th.

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.