Key Points
- Azzurro Capital Inc. sold 5,000 Travelzoo shares on Nov. 26 at an average price of $7.01 for $35,050, leaving it with 3,772,696 shares — a 0.13% reduction in its position.
- The Nov. 26 sale is part of a continued pattern of disposals since September (including multiple large blocks in September and November), indicating ongoing trimming of Azzurro's stake.
- Travelzoo trades around $7 with a market cap near $76M, recently missed quarterly EPS expectations, and sits well below analysts' average target of $19.67, reflecting mixed Wall Street sentiment despite some buy ratings.
Travelzoo (NASDAQ:TZOO - Get Free Report) major shareholder Azzurro Capital Inc sold 5,000 shares of the stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $7.01, for a total transaction of $35,050.00. Following the completion of the transaction, the insider directly owned 3,772,696 shares in the company, valued at $26,446,598.96. The trade was a 0.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Azzurro Capital Inc also recently made the following trade(s):
- On Wednesday, November 12th, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The stock was 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.
- On Friday, September 26th, Azzurro Capital Inc sold 25,000 shares of Travelzoo stock. The shares were sold at an average price of $10.06, for a total value of $251,500.00.
- On Wednesday, September 24th, Azzurro Capital Inc sold 20,000 shares of Travelzoo stock. The stock was sold at an average price of $10.51, for a total value of $210,200.00.
- On Tuesday, September 23rd, Azzurro Capital Inc sold 7,500 shares of Travelzoo stock. The stock was sold at an average price of $10.48, for a total value of $78,600.00.
- On Monday, September 15th, Azzurro Capital Inc sold 20,000 shares of Travelzoo stock. The shares were sold at an average price of $9.53, for a total value of $190,600.00.
- On Thursday, September 11th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The shares were sold at an average price of $9.58, for a total value of $143,700.00.
- On Tuesday, September 2nd, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The stock was sold at an average price of $9.95, for a total value of $49,750.00.
Travelzoo Price Performance
Shares of NASDAQ TZOO opened at $6.99 on Tuesday. The stock has a market capitalization of $76.41 million, a P/E ratio of 10.92 and a beta of 0.98. Travelzoo has a one year low of $6.59 and a one year high of $24.85. The firm's 50 day simple moving average is $8.73 and its two-hundred day simple moving average is $10.60.
Travelzoo (NASDAQ:TZOO - Get Free Report) last announced 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 business had revenue of $22.20 million during the quarter, compared to analysts' expectations of $22.92 million. Travelzoo had a net margin of 8.66% and a return on equity of 2,072.58%. As a group, equities analysts expect that Travelzoo will post 1.09 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Travelzoo in a research note on Tuesday, October 14th. Barrington Research reduced their price target on Travelzoo from $17.00 to $13.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 29th. Ascendiant Capital Markets lowered their price objective on Travelzoo from $26.00 to $23.00 and set a "buy" rating for the company in a research report on Wednesday, November 19th. UBS Group set a $23.00 price objective on Travelzoo in a research note on Wednesday, November 19th. Finally, Zacks Research raised shares of Travelzoo from a "strong sell" rating to a "hold" rating in a research note on Monday, September 22nd. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $19.67.
View Our Latest Report on Travelzoo
Institutional Investors Weigh In On Travelzoo
Large investors have recently made changes to their positions in the business. Quarry LP purchased a new position in shares of Travelzoo during the third quarter valued at approximately $26,000. Bank of America Corp DE boosted 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 valued at $27,000 after acquiring an additional 1,988 shares in the last quarter. US Bancorp DE purchased a new position in Travelzoo in the first quarter worth about $31,000. AlphaQuest LLC lifted its stake in shares of 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 buying an additional 2,742 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings 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 valued at $38,000 after buying an additional 3,003 shares during the last quarter. 27.39% of the stock is currently owned by institutional investors.
About Travelzoo
(
Get Free Report)
Travelzoo, together with its subsidiaries, operates as an Internet media company that provides travel, entertainment, and local experiences worldwide. It operates in four segments: Travelzoo North America, Travelzoo Europe, Jack's Flight Club, and New Initiatives. The company offers Travelzoo website, Travelzoo Top 20 email newsletters, Standalone email newsletters, Travelzoo Network, Travelzoo mobile applications, Jack's Flight Club website, Jack's Flight Club mobile applications, and Jack's Flight Club newsletters.
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