Short Interest in Travelzoo (NASDAQ:TZOO) Decreases By 20.5%

Travelzoo (NASDAQ:TZOO) saw a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 250,000 shares, a drop of 20.5% from the February 28th total of 314,500 shares. Based on an average daily volume of 151,700 shares, the short-interest ratio is presently 1.6 days. Currently, 3.5% of the company’s shares are short sold.

Travelzoo Stock Performance

Shares of TZOO stock opened at $13.62 on Monday. The firm has a market cap of $153.16 million, a P/E ratio of 12.73 and a beta of 1.69. The business’s 50 day moving average price is $17.64 and its 200-day moving average price is $17.36. Travelzoo has a fifty-two week low of $7.12 and a fifty-two week high of $24.85.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings data on Wednesday, February 26th. The information services provider reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. The business had revenue of $20.68 million during the quarter, compared to analyst estimates of $22.06 million. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. During the same period in the prior year, the business earned $0.23 EPS. As a group, equities analysts predict that Travelzoo will post 1.09 EPS for the current year.

Insider Activity at Travelzoo

In other news, CEO Holger Bartel sold 4,000 shares of Travelzoo stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $15.42, for a total value of $61,680.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Azzurro Capital Inc sold 40,000 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $15.26, for a total value of $610,400.00. Following the completion of the sale, the insider now directly owns 4,382,696 shares of the company’s stock, valued at approximately $66,879,940.96. This trade represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,500 shares of company stock valued at $1,137,805. Insiders own 57.45% of the company’s stock.

Institutional Trading of Travelzoo

Several large investors have recently bought and sold shares of TZOO. Jane Street Group LLC purchased a new position in shares of Travelzoo in the 3rd quarter valued at approximately $298,000. Geode Capital Management LLC raised its holdings in Travelzoo by 10.6% in the third quarter. Geode Capital Management LLC now owns 82,241 shares of the information services provider’s stock worth $991,000 after purchasing an additional 7,857 shares in the last quarter. Truffle Hound Capital LLC purchased a new position in Travelzoo during the fourth quarter valued at $3,990,000. Barclays PLC bought a new stake in shares of Travelzoo during the 3rd quarter valued at $138,000. Finally, Ritholtz Wealth Management grew its position in shares of Travelzoo by 57.7% in the 4th quarter. Ritholtz Wealth Management now owns 54,341 shares of the information services provider’s stock worth $1,084,000 after buying an additional 19,888 shares during the period. 27.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Barrington Research lowered their price target on shares of Travelzoo from $25.00 to $17.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th.

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.