Azzurro Capital Inc Sells 15,000 Shares of Travelzoo (NASDAQ:TZOO) Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 15,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $14.72, for a total value of $220,800.00. Following the transaction, the insider now directly owns 4,960,196 shares of the company’s stock, valued at approximately $73,014,085.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Large 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, August 8th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The shares were sold at an average price of $10.50, for a total value of $157,500.00.
• On Tuesday, August 6th, Azzurro Capital Inc sold 3,500 shares of Travelzoo stock. The shares were sold at an average price of $9.32, for a total transaction of $32,620.00.
• On Tuesday, July 30th, Azzurro Capital Inc sold 22,500 shares of Travelzoo stock. The stock was sold at an average price of $10.16, for a total transaction of $228,600.00.
• 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 stock was sold at an average price of $7.80, for a total transaction of $195,000.00.

Travelzoo Trading Up 0.4 %

Shares of TZOO stock opened at $14.14 on Friday. Travelzoo has a 1-year low of $4.77 and a 1-year high of $15.23. The stock has a market cap of $185.21 million, a price-to-earnings ratio of 15.54 and a beta of 1.74. The stock has a 50-day moving average of $11.31 and a 200-day moving average of $9.61.

Travelzoo (NASDAQ:TZOO) last released its earnings results on Thursday, July 25th. The information services provider reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The business had revenue of $21.14 million during the quarter, compared to the consensus estimate of $21.58 million. Travelzoo had a net margin of 15.59% and a return on equity of 170.06%. During the same quarter in the prior year, the firm posted $0.17 EPS. Sell-side analysts forecast that Travelzoo will post 0.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. StockNews.com lowered Travelzoo from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 12th. Litchfield Hills Research assumed coverage on Travelzoo in a research note on Wednesday, September 4th. They issued a “buy” rating and a $35.00 price objective for the company. Ascendiant Capital Markets lifted their target price on shares of Travelzoo from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, August 19th. Finally, Barrington Research restated an “outperform” rating and issued a $12.00 price target on shares of Travelzoo in a research report on Friday, July 26th.

Hedge Funds Weigh In On Travelzoo

Hedge funds and other institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC grew its holdings in Travelzoo by 9.7% during the 1st quarter. Acadian Asset Management LLC now owns 535,786 shares of the information services provider’s stock worth $5,451,000 after acquiring an additional 47,352 shares during the period. Quadrature Capital Ltd bought a new stake in shares of Travelzoo during the 4th quarter valued at about $445,000. Hennion & Walsh Asset Management Inc. acquired a new stake in Travelzoo during the first quarter worth approximately $277,000. Fermata Advisors LLC bought a new stake in Travelzoo in the second quarter worth approximately $101,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in Travelzoo in the first quarter valued at approximately $132,000. Institutional investors and hedge funds own 27.39% of the company’s stock.

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.