Travelzoo (NASDAQ:TZOO) Releases Earnings Results, Misses Expectations By $0.35 EPS

Travelzoo (NASDAQ:TZOO) posted its quarterly earnings data on Tuesday. The information services provider reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.35), RTT News reports. Travelzoo had a net margin of 4.32% and a negative return on equity of 101.85%. During the same quarter last year, the company posted $0.12 EPS.

Travelzoo Price Performance

Shares of NASDAQ:TZOO traded down $3.23 during midday trading on Tuesday, reaching $6.98. 268,634 shares of the company’s stock were exchanged, compared to its average volume of 183,661. The stock has a market cap of $71.74 million, a price-to-earnings ratio of 19.39 and a beta of 1.28. Travelzoo has a fifty-two week low of $4.72 and a fifty-two week high of $12.39. The firm’s 50 day simple moving average is $10.63 and its two-hundred day simple moving average is $8.08.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TZOO. Barrington Research raised their target price on Travelzoo from $8.00 to $12.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Zacks Research raised Travelzoo from a “strong sell” rating to a “hold” rating in a report on Thursday, April 23rd. Ascendiant Capital Markets raised their price objective on Travelzoo from $22.00 to $23.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Wall Street Zen upgraded Travelzoo from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Finally, Weiss Ratings raised Travelzoo from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, May 19th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.67.

Institutional Investors Weigh In On Travelzoo

Several institutional investors and hedge funds have recently modified their holdings of TZOO. Cubist Systematic Strategies LLC purchased a new position in shares of Travelzoo in the 1st quarter valued at about $120,000. Millennium Management LLC increased its stake in shares of Travelzoo by 299.8% during the first quarter. Millennium Management LLC now owns 309,097 shares of the information services provider’s stock worth $4,213,000 after buying an additional 231,790 shares during the period. Goldman Sachs Group Inc. raised its holdings in Travelzoo by 60.4% in the first quarter. Goldman Sachs Group Inc. now owns 45,528 shares of the information services provider’s stock valued at $621,000 after acquiring an additional 17,146 shares in the last quarter. Jane Street Group LLC lifted its stake in Travelzoo by 63.6% in the first quarter. Jane Street Group LLC now owns 28,779 shares of the information services provider’s stock worth $392,000 after acquiring an additional 11,189 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Travelzoo by 113.8% during the 2nd quarter. Geode Capital Management LLC now owns 157,267 shares of the information services provider’s stock worth $2,002,000 after acquiring an additional 83,719 shares in the last quarter. Hedge funds and other institutional investors own 27.39% of the company’s stock.

About Travelzoo

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.