Travelzoo (NASDAQ:TZOO) Stock Crosses Above 200 Day Moving Average – Here’s Why

Shares of Travelzoo (NASDAQ:TZOO) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.15 and traded as high as $18.73. Travelzoo shares last traded at $18.47, with a volume of 121,166 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Barrington Research lifted their target price on shares of Travelzoo from $12.00 to $15.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Litchfield Hills Research started coverage on Travelzoo in a research note on Wednesday, September 4th. They issued a “buy” rating and a $35.00 price target on the stock. StockNews.com cut shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a report on Friday, November 1st. Finally, Ascendiant Capital Markets boosted their price target on Travelzoo from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, November 11th.

Travelzoo Stock Performance

The stock has a market capitalization of $225.50 million, a P/E ratio of 17.86 and a beta of 1.69. The company’s fifty day simple moving average is $14.91 and its two-hundred day simple moving average is $11.26.

Travelzoo (NASDAQ:TZOO) last announced its quarterly earnings data on Wednesday, October 23rd. The information services provider reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.06. Travelzoo had a return on equity of 210.54% and a net margin of 16.67%. The firm had revenue of $20.10 million during the quarter, compared to analysts’ expectations of $21.15 million. During the same period in the previous year, the firm earned $0.16 EPS. On average, research analysts predict that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Travelzoo declared that its Board of Directors has approved a stock repurchase plan on Wednesday, October 23rd that permits the company to buyback 1,000,000 shares. This buyback authorization permits the information services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other news, CEO Holger Bartel sold 100,000 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $11.44, for a total value of $1,144,000.00. Following the completion of the transaction, the chief executive officer now directly owns 100,000 shares in the company, valued at approximately $1,144,000. This represents a 50.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Azzurro Capital Inc sold 52,500 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $18.29, for a total value of $960,225.00. Following the completion of the transaction, the insider now directly owns 4,492,696 shares of the company’s stock, valued at approximately $82,171,409.84. The trade was a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 497,288 shares of company stock worth $7,123,608 over the last three months. Insiders own 57.45% of the company’s stock.

Institutional Trading of Travelzoo

Hedge funds and other institutional investors have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Travelzoo during the 3rd quarter worth approximately $35,000. American Century Companies Inc. bought a new stake in shares of Travelzoo in the second quarter worth $82,000. Ritholtz Wealth Management acquired a new stake in Travelzoo in the second quarter valued at $82,000. Fermata Advisors LLC bought a new position in Travelzoo during the 2nd quarter worth $101,000. Finally, O Shaughnessy Asset Management LLC bought a new position in Travelzoo during the 1st quarter worth $132,000. 27.39% of the stock is currently owned by institutional investors.

Travelzoo Company Profile

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.