Insider Selling: Travelzoo (NASDAQ:TZOO) Major Shareholder Sells $159,300.00 in Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 22,500 shares of the company’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $7.08, for a total value of $159,300.00. Following the completion of the sale, the insider owned 3,722,696 shares in the company, valued at $26,356,687.68. This trade represents a 0.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major 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 Friday, December 26th, Azzurro Capital Inc sold 40,000 shares of Travelzoo stock. The stock was sold at an average price of $6.97, for a total value of $278,800.00.
• On Tuesday, December 23rd, Azzurro Capital Inc sold 20,000 shares of Travelzoo stock. The shares were sold at an average price of $7.01, for a total value of $140,200.00.
• On Monday, December 15th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The shares were sold at an average price of $7.56, for a total transaction of $113,400.00.
• On Thursday, December 11th, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The stock was sold at an average price of $7.09, for a total transaction of $35,450.00.
• On Wednesday, November 26th, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The stock was sold at an average price of $7.01, for a total transaction of $35,050.00.
• On Wednesday, November 12th, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The shares were sold at an average price of $7.53, for a total transaction of $37,650.00.
• On Tuesday, November 4th, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The stock was sold at an average price of $7.75, for a total transaction of $77,500.00.

Travelzoo Stock Up 0.6%

TZOO stock opened at $7.12 on Thursday. The firm has a market cap of $77.82 million, a price-to-earnings ratio of 11.13 and a beta of 0.85. Travelzoo has a 12-month low of $6.59 and a 12-month high of $24.85. The company’s fifty day simple moving average is $7.43 and its 200 day simple moving average is $9.67.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings results on Tuesday, October 28th. The information services provider reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.13). Travelzoo had a negative return on equity of 446.70% and a net margin of 8.66%.The business had revenue of $22.20 million for the quarter, compared to analyst estimates of $22.92 million. Research analysts expect that Travelzoo will post 1.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TZOO. Weiss Ratings reissued a “hold (c)” rating on shares of Travelzoo in a research note on Tuesday, October 14th. Zacks Research upgraded shares of Travelzoo from a “strong sell” rating to a “hold” rating in a research note on Monday, September 22nd. Ascendiant Capital Markets cut their target price on shares of Travelzoo from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. UBS Group set a $23.00 price target on shares of Travelzoo in a report on Wednesday, November 19th. Finally, Barrington Research decreased their price target on shares of Travelzoo from $17.00 to $13.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.67.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Quarry LP acquired a new position in shares of Travelzoo during the third quarter valued at about $26,000. Bank of America Corp DE lifted its position in Travelzoo by 1,242.5% in the 2nd quarter. Bank of America Corp DE now owns 2,148 shares of the information services provider’s stock valued at $27,000 after acquiring an additional 1,988 shares in the last quarter. AlphaQuest LLC lifted its position in Travelzoo by 3,188.4% in the 2nd quarter. AlphaQuest LLC now owns 2,828 shares of the information services provider’s stock valued at $36,000 after acquiring an additional 2,742 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Travelzoo by 42,900.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,010 shares of the information services provider’s stock valued at $38,000 after purchasing an additional 3,003 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Travelzoo during the 2nd quarter worth approximately $44,000. Institutional investors and hedge funds own 27.39% of the company’s stock.

Travelzoo Company Profile

Travelzoo (NASDAQ: TZOO) is a global internet media company specializing in publishing curated travel, entertainment and local deals to a subscriber base of millions. Through its website, mobile applications and weekly email newsletters, Travelzoo partners with airlines, hotels, cruise lines, tour operators and local merchants to promote time-sensitive offers at discounted rates. The company generates revenue primarily from media commissions, advertising arrangements and marketing services provided to its hotel and resort partners.

Founded in 1998, Travelzoo went public on the NASDAQ in 2003 under the ticker symbol TZOO.