Travelzoo (NASDAQ:TZOO - Get Free Report) major shareholder Azzurro Capital Inc sold 27,500 shares of the firm's stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $17.38, for a total value of $477,950.00. Following the transaction, the insider now owns 4,647,696 shares in the company, valued at approximately $80,776,956.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Azzurro Capital Inc also recently made the following trade(s):
- On Monday, October 28th, Azzurro Capital Inc sold 42,500 shares of Travelzoo stock. The stock was sold at an average price of $17.39, for a total transaction of $739,075.00.
- On Friday, October 25th, Azzurro Capital Inc sold 30,000 shares of Travelzoo stock. The shares were sold at an average price of $15.39, for a total transaction of $461,700.00.
- On Wednesday, October 23rd, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The shares were sold at an average price of $15.02, for a total transaction of $150,200.00.
- On Thursday, September 26th, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The stock was sold at an average price of $12.54, for a total transaction of $125,400.00.
- On Tuesday, September 24th, Azzurro Capital Inc sold 37,500 shares of Travelzoo stock. The shares were sold at an average price of $12.99, for a total value of $487,125.00.
- On Wednesday, September 18th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The stock was sold at an average price of $14.72, for a total value of $220,800.00.
- 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.
Travelzoo Trading Up 3.8 %
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Shares of Travelzoo stock opened at $17.32 on Thursday. The firm's 50 day simple moving average is $13.03 and its two-hundred day simple moving average is $10.23. The firm has a market capitalization of $212.86 million, a price-to-earnings ratio of 16.19 and a beta of 1.74. Travelzoo has a 12-month low of $6.80 and a 12-month high of $17.83.
Travelzoo (NASDAQ:TZOO - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The information services provider reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.06. The firm had revenue of $20.10 million for the quarter, compared to analyst estimates of $21.15 million. Travelzoo had a net margin of 16.67% and a return on equity of 174.97%. During the same period in the previous year, the company earned $0.16 earnings per share. On average, sell-side analysts predict that Travelzoo will post 1.07 EPS for the current fiscal year.
Travelzoo declared that its Board of Directors has initiated a stock repurchase program on Wednesday, October 23rd that permits the company to repurchase 1,000,000 shares. This repurchase authorization permits the information services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.
Institutional Investors Weigh In On Travelzoo
A number of institutional investors and hedge funds have recently modified their holdings of the company. ClariVest Asset Management LLC raised its position in Travelzoo by 2.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 97,730 shares of the information services provider's stock worth $742,000 after buying an additional 2,732 shares during the last quarter. American Century Companies Inc. acquired a new stake in shares of Travelzoo in the second quarter worth $82,000. Ritholtz Wealth Management purchased a new position in shares of Travelzoo during the second quarter worth $82,000. O Shaughnessy Asset Management LLC purchased a new position in shares of Travelzoo during the first quarter worth $132,000. Finally, Fermata Advisors LLC acquired a new position in Travelzoo during the second quarter valued at $101,000. Institutional investors and hedge funds own 27.39% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the stock. Litchfield Hills Research initiated coverage on shares of Travelzoo in a research note on Wednesday, September 4th. They set a "buy" rating and a $35.00 price objective for the company. Ascendiant Capital Markets increased their price objective on Travelzoo from $17.00 to $18.00 and gave the company a "buy" rating in a report on Monday, August 19th. StockNews.com downgraded Travelzoo from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, October 23rd. Finally, Barrington Research increased their price target on Travelzoo from $12.00 to $15.00 and gave the company an "outperform" rating in a research note on Tuesday, October 22nd.
Get Our Latest Stock Analysis on Travelzoo
About Travelzoo
(
Get Free Report)
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.
Further Reading
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