Insider Selling: Travelzoo (NASDAQ:TZOO) CEO Sells $1,144,000.00 in Stock

Travelzoo (NASDAQ:TZOO) CEO Holger Bartel sold 100,000 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $11.44, for a total value of $1,144,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Holger Bartel also recently made the following trade(s):

• On Wednesday, September 18th, Holger Bartel sold 100,000 shares of Travelzoo stock. The stock was sold at an average price of $11.44, for a total transaction of $1,144,000.00.
• On Friday, August 16th, Holger Bartel sold 20,000 shares of Travelzoo stock. The shares were sold at an average price of $11.91, for a total transaction of $238,200.00.
• On Monday, August 19th, Holger Bartel sold 30,000 shares of Travelzoo stock. The stock was sold at an average price of $12.26, for a total transaction of $367,800.00.
• On Thursday, August 1st, Holger Bartel sold 13,466 shares of Travelzoo stock. The shares were sold at an average price of $10.19, for a total transaction of $137,218.54.

Travelzoo Stock Down 2.7 %

Shares of TZOO stock opened at $11.72 on Thursday. Travelzoo has a twelve month low of $4.77 and a twelve month high of $15.23. The stock’s fifty day simple moving average is $11.93 and its 200 day simple moving average is $9.77. The firm has a market capitalization of $144.04 million, a P/E ratio of 12.88 and a beta of 1.74.

Travelzoo (NASDAQ:TZOO) last released its quarterly earnings results on Thursday, July 25th. The information services provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. The company had revenue of $21.14 million for the quarter, compared to analysts’ expectations of $21.58 million. Travelzoo had a return on equity of 170.06% and a net margin of 15.59%. During the same period in the previous year, the business posted $0.17 earnings per share. As a group, equities research analysts expect that Travelzoo will post 0.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TZOO has been the subject of a number of research analyst reports. Ascendiant Capital Markets boosted their price target on Travelzoo from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, August 19th. StockNews.com raised Travelzoo from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 25th. Barrington Research restated an “outperform” rating and issued a $12.00 price target on shares of Travelzoo in a research note on Friday, July 26th. Finally, Litchfield Hills Research began coverage on shares of Travelzoo in a research report on Wednesday, September 4th. They set a “buy” rating and a $35.00 price objective for the company.

Hedge Funds Weigh In On Travelzoo

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. ClariVest Asset Management LLC lifted its holdings in shares of Travelzoo by 2.9% during the second quarter. ClariVest Asset Management LLC now owns 97,730 shares of the information services provider’s stock worth $742,000 after purchasing an additional 2,732 shares during the period. American Century Companies Inc. bought a new position in Travelzoo during the 2nd quarter worth $82,000. Ritholtz Wealth Management acquired a new position in Travelzoo during the 2nd quarter worth about $82,000. O Shaughnessy Asset Management LLC acquired a new position in Travelzoo during the 1st quarter worth about $132,000. Finally, Fermata Advisors LLC bought a new stake in shares of Travelzoo in the 2nd quarter valued at about $101,000. 27.39% of the stock is currently owned by institutional investors and hedge funds.

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.