Ascendiant Capital Markets Cuts Travelzoo (NASDAQ:TZOO) Price Target to $20.00

by · The Cerbat Gem

Travelzoo (NASDAQ:TZOO – Free Report) had its price objective cut by Ascendiant Capital Markets from $23.00 to $20.00 in a research report released on Thursday morning,Benzinga reports. They currently have a buy rating on the information services provider’s stock.

A number of other research analysts have also recently issued reports on the company. Zacks Research cut Travelzoo from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. Wall Street Zen cut shares of Travelzoo from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. UBS Group set a $9.50 price target on shares of Travelzoo in a research note on Wednesday, July 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Travelzoo in a report on Friday, August 14th. Finally, Barrington Research upped their price objective on shares of Travelzoo from $8.00 to $12.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.83.

View Our Latest Stock Analysis on TZOO

Travelzoo Stock Performance

Shares of TZOO stock opened at $6.68 on Thursday. The stock’s fifty day moving average price is $9.54 and its two-hundred day moving average price is $8.21. The company has a market cap of $68.14 million, a PE ratio of 222.67 and a beta of 1.33. Travelzoo has a fifty-two week low of $4.72 and a fifty-two week high of $12.39.

Travelzoo (NASDAQ:TZOO – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The information services provider reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.35). Travelzoo had a negative return on equity of 9.35% and a net margin of 0.51%.The business had revenue of $23.21 million for the quarter, compared to analyst estimates of $25.00 million. During the same period last year, the firm posted $0.12 EPS. On average, equities analysts predict that Travelzoo will post -0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Travelzoo

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Millennium Management LLC raised its position in Travelzoo by 299.8% in the first quarter. Millennium Management LLC now owns 309,097 shares of the information services provider’s stock valued at $4,213,000 after purchasing an additional 231,790 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Travelzoo by 113.8% during the second quarter. Geode Capital Management LLC now owns 157,267 shares of the information services provider’s stock worth $2,002,000 after purchasing an additional 83,719 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Travelzoo by 170.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 145,848 shares of the information services provider’s stock worth $1,038,000 after purchasing an additional 91,932 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Travelzoo by 28.5% during the fourth quarter. AQR Capital Management LLC now owns 101,449 shares of the information services provider’s stock worth $722,000 after purchasing an additional 22,490 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Travelzoo by 4.5% in the fourth quarter. State Street Corp now owns 86,279 shares of the information services provider’s stock valued at $614,000 after buying an additional 3,754 shares during the period. Institutional investors and hedge funds own 27.39% of the company’s stock.

Travelzoo Company Profile

(Get Free Report)

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.

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