Travelzoo (NASDAQ:TZOO) CEO Acquires $549,000.00 in Stock

Travelzoo (NASDAQ:TZOO) CEO Holger Bartel acquired 100,000 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were bought at an average price of $5.49 per share, with a total value of $549,000.00. Following the acquisition, the chief executive officer directly owned 160,000 shares in the company, valued at $878,400. This represents a 166.67% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, February 24th, Holger Bartel bought 40,000 shares of Travelzoo stock. The stock was bought at an average price of $5.43 per share, for a total transaction of $217,200.00.
• On Friday, February 20th, Holger Bartel bought 60,000 shares of Travelzoo stock. The shares were bought at an average cost of $5.18 per share, for a total transaction of $310,800.00.

Travelzoo Stock Performance

Travelzoo stock opened at $6.60 on Friday. The company has a market capitalization of $72.14 million, a PE ratio of 17.37 and a beta of 0.89. The company has a 50 day moving average price of $6.15 and a 200-day moving average price of $7.92. Travelzoo has a fifty-two week low of $4.72 and a fifty-two week high of $16.77.

Travelzoo (NASDAQ:TZOO) last released its quarterly earnings data on Thursday, February 19th. The information services provider reported $0.00 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.11). The firm had revenue of $22.47 million for the quarter, compared to analysts’ expectations of $22.54 million. Travelzoo had a negative return on equity of 120.98% and a net margin of 4.98%. On average, analysts forecast that Travelzoo will post 1.09 earnings per share for the current year.

Institutional Trading of Travelzoo

A number of institutional investors have recently modified their holdings of TZOO. State of Alaska Department of Revenue purchased a new position in shares of Travelzoo in the 4th quarter worth approximately $25,000. Quarry LP acquired a new stake in Travelzoo in the third quarter valued at approximately $26,000. Bank of America Corp DE grew its holdings in Travelzoo by 1,242.5% in the second quarter. Bank of America Corp DE now owns 2,148 shares of the information services provider’s stock worth $27,000 after purchasing an additional 1,988 shares during the last quarter. AlphaQuest LLC grew its holdings in Travelzoo by 3,188.4% in the second quarter. AlphaQuest LLC now owns 2,828 shares of the information services provider’s stock worth $36,000 after purchasing an additional 2,742 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Travelzoo by 42,900.0% during the second quarter. JPMorgan Chase & Co. now owns 3,010 shares of the information services provider’s stock worth $38,000 after purchasing an additional 3,003 shares in the last quarter. 27.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TZOO has been the subject of a number of research reports. Ascendiant Capital Markets lowered their price objective on shares of Travelzoo from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, November 19th. Zacks Research upgraded shares of Travelzoo from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. UBS Group set a $23.00 price target on shares of Travelzoo in a research report on Wednesday, November 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Travelzoo in a research note on Friday, January 9th. Finally, Barrington Research cut their price objective on shares of Travelzoo from $13.00 to $8.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. 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.com, the company currently has an average rating of “Moderate Buy” and an average target price of $18.00.

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.