Travelzoo (NASDAQ:TZOO) Stock Rating Upgraded by Zacks Research

Travelzoo (NASDAQ:TZOO) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks reports.

TZOO has been the subject of a number of other reports. Wall Street Zen downgraded Travelzoo from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. Ascendiant Capital Markets lowered their price objective on Travelzoo from $23.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, August 20th. Weiss Ratings cut Travelzoo from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 29th. Finally, UBS Group set a $9.50 target price on Travelzoo in a report on Wednesday, July 29th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Travelzoo has a consensus rating of “Hold” and an average price target of $13.83.

Travelzoo Price Performance

Shares of TZOO stock opened at $5.24 on Tuesday. The firm has a fifty day moving average of $5.91 and a two-hundred day moving average of $8.15. The firm has a market cap of $53.45 million, a P/E ratio of 174.67 and a beta of 1.36. Travelzoo has a 1-year low of $4.72 and a 1-year high of $12.39.

Travelzoo (NASDAQ:TZOO) last issued its earnings results on Tuesday, July 28th. The information services provider reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.35). The company had revenue of $23.21 million during the quarter, compared to analyst estimates of $25.00 million. Travelzoo had a net margin of 0.51% and a negative return on equity of 9.35%. During the same quarter last year, the company posted $0.12 EPS. On average, sell-side analysts expect that Travelzoo will post -0.14 EPS for the current year.

Hedge Funds Weigh In On Travelzoo

A hedge fund recently bought a new stake in Travelzoo stock. Bank of New York Mellon Corp bought a new stake in shares of Travelzoo (NASDAQ:TZOO) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 55,177 shares of the information services provider’s stock, valued at approximately $644,000. Bank of New York Mellon Corp owned about 0.54% of Travelzoo at the end of the most recent reporting period. 27.39% of the stock is owned by institutional investors and hedge funds.

About Travelzoo

Travelzoo is an internet media company that publishes and promotes travel, entertainment and local deals for consumers. Its offerings include curated travel offers, hotel and vacation packages, cruises, restaurants, activities, events and other experiences.

The company distributes its content through its website, email newsletters, mobile products and other digital channels. Its services have included the Travelzoo Top 20, a selection of notable travel offers; Travelzoo Experiences, which features activities and entertainment; and search and booking tools that help users discover deals from travel and local-business partners.

Founded in 1998, Travelzoo serves audiences across multiple international markets, including North America, Europe and parts of Asia-Pacific.