Travelzoo (NASDAQ:TZOO) Issues Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Travelzoo (NASDAQ:TZOO) announced its quarterly earnings results on Thursday. The information services provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04, Zacks reports. Travelzoo had a return on equity of 157.07% and a net margin of 15.59%. The firm had revenue of $21.14 million during the quarter, compared to the consensus estimate of $21.58 million. During the same period in the prior year, the firm earned $0.17 EPS.

Travelzoo Stock Up 7.5 %

Shares of Travelzoo stock traded up $0.70 during trading hours on Friday, hitting $10.05. 186,996 shares of the company’s stock traded hands, compared to its average volume of 71,772. The stock has a 50 day simple moving average of $8.00 and a 200-day simple moving average of $8.74. The company has a market cap of $131.66 million, a PE ratio of 11.04 and a beta of 1.74. Travelzoo has a twelve month low of $4.77 and a twelve month high of $11.23.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Barrington Research reiterated an “outperform” rating and issued a $12.00 price target on shares of Travelzoo in a report on Friday. StockNews.com upgraded Travelzoo from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th.

Insider Buying and Selling

In related news, major shareholder Azzurro Capital Inc sold 15,000 shares of Travelzoo stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $7.60, for a total value of $114,000.00. Following the completion of the transaction, the insider now directly owns 5,059,871 shares in the company, valued at $38,455,019.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 82,500 shares of company stock worth $653,225. Corporate insiders own 57.45% of the company’s stock.

Travelzoo Company Profile

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.