Travelzoo’s major shareholder, Azzurro Capital Inc, executed the sale of 22,500 shares of the company’s stock on December 22, 2023. The shares were sold at an average price of $7.08, resulting in a total transaction value of $159,300. Following this sale, Azzurro Capital now retains 3,722,696 shares in Travelzoo, amounting to a value of approximately $26,356,687.68. This transaction represents a decrease of 0.60% in their holdings.
The sale was reported in a filing with the Securities and Exchange Commission (SEC), which mandates that major shareholders owning more than 10% of a company’s stock disclose their transactions.
Travelzoo’s Market Performance
Following the sale, shares of Travelzoo, traded under the ticker NASDAQ: TZOO, opened at $7.08 on the following Wednesday. The company’s market capitalization stands at $77.38 million, with a price-to-earnings (PE) ratio of 11.06 and a beta of 0.85. Over the past year, Travelzoo’s stock has reached a low of $6.59 and a high of $24.85. The company’s 50-day moving average is approximately $7.49, while the 200-day moving average sits at $9.69.
Several institutional investors have recently adjusted their positions in Travelzoo. For instance, the State of Wyoming increased its holdings by 5.6% in the third quarter, acquiring an additional 1,376 shares to reach a total of 25,819 shares valued at $254,000. AlphaQuest LLC also boosted its stake by an impressive 57.8%, bringing its total to 4,463 shares, worth $44,000 after acquiring 1,635 shares.
Other notable investors include Bank of America Corp DE, which increased its holdings by 1,242.5% during the second quarter, and AdvisorShares Investments LLC, which grew its stake by 29.5% during the same period. Overall, institutional and hedge fund ownership of Travelzoo stands at 27.39%.
Analyst Ratings and Company Overview
Travelzoo has recently drawn attention from equity analysts, with varying ratings impacting its stock outlook. Barrington Research lowered its price target from $17.00 to $13.00, maintaining an “outperform” rating. Conversely, Weiss Ratings reaffirmed a “hold (c)” rating, while Ascendiant Capital Markets decreased its target from $26.00 to $23.00, maintaining a “buy” rating. According to Zacks Research, Travelzoo’s rating improved from “strong sell” to “hold.” Currently, three research analysts recommend a buy rating, while two suggest holding the stock, resulting in an average rating of “Moderate Buy” with a target price of $19.67.
Founded in 1998, Travelzoo is a global internet media company that specializes in curating travel, entertainment, and local deals for millions of subscribers. Its revenue primarily comes from media commissions and advertising partnerships with airlines, hotels, and other service providers. Travelzoo has been publicly traded on the NASDAQ since 2003 under the ticker symbol TZOO.
For further updates and analysis on Travelzoo and related companies, readers can subscribe to MarketBeat’s daily email newsletter.
