Travelzoo (NASDAQ:TZOO) Major Shareholder Azzurro Capital Inc Sells 20,000 Shares

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 20,000 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $7.01, for a total transaction of $140,200.00. Following the sale, the insider directly owned 3,702,696 shares in the company, valued at approximately $25,955,898.96. This trade represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% 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 transaction of $278,800.00.
• On Monday, December 22nd, Azzurro Capital Inc sold 22,500 shares of Travelzoo stock. The shares were sold at an average price of $7.08, for a total transaction of $159,300.00.
• 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 shares were 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 value of $77,500.00.

Travelzoo Price Performance

Shares of Travelzoo stock traded up $0.08 during trading hours on Monday, reaching $7.09. The company had a trading volume of 35,150 shares, compared to its average volume of 131,329. The firm has a market cap of $77.44 million, a PE ratio of 11.07 and a beta of 0.85. Travelzoo has a one year low of $6.59 and a one year high of $24.85. The business has a fifty day simple moving average of $7.61 and a 200 day simple moving average of $9.77.

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

Institutional Investors Weigh In On Travelzoo

Institutional investors have recently made changes to their positions in the business. American Century Companies Inc. raised its position in Travelzoo by 17.0% in the 1st quarter. American Century Companies Inc. now owns 16,548 shares of the information services provider’s stock worth $226,000 after purchasing an additional 2,404 shares during the period. OMERS ADMINISTRATION Corp grew its stake in shares of Travelzoo by 28.9% during the first quarter. OMERS ADMINISTRATION Corp now owns 32,400 shares of the information services provider’s stock valued at $442,000 after buying an additional 7,270 shares during the last quarter. Trexquant Investment LP increased its holdings in shares of Travelzoo by 154.4% in the first quarter. Trexquant Investment LP now owns 61,384 shares of the information services provider’s stock worth $837,000 after buying an additional 37,257 shares during the period. State of Wyoming lifted its stake in shares of Travelzoo by 218.5% in the 1st quarter. State of Wyoming now owns 27,240 shares of the information services provider’s stock valued at $371,000 after acquiring an additional 18,687 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in Travelzoo during the 1st quarter valued at about $120,000. Hedge funds and other institutional investors own 27.39% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. UBS Group set a $23.00 target price on shares of Travelzoo in a report on Wednesday, November 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Travelzoo in a report on Tuesday, October 14th. Barrington Research dropped their price objective on Travelzoo from $17.00 to $13.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Ascendiant Capital Markets decreased their target price on Travelzoo from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. Finally, Zacks Research raised Travelzoo from a “strong sell” rating to a “hold” rating in a report on Monday, September 22nd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $19.67.

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.