Short Interest in Travelzoo (NASDAQ:TZOO) Increases By 27.8%

Travelzoo (NASDAQ:TZOO) saw a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 234,300 shares, an increase of 27.8% from the January 15th total of 183,400 shares. Approximately 3.2% of the shares of the company are sold short. Based on an average daily trading volume, of 130,900 shares, the days-to-cover ratio is presently 1.8 days.

Travelzoo Stock Down 1.6 %

Shares of NASDAQ TZOO opened at $20.87 on Friday. The company has a market cap of $246.27 million, a price-to-earnings ratio of 19.50 and a beta of 1.70. Travelzoo has a 12-month low of $7.12 and a 12-month high of $24.85. The firm’s 50-day simple moving average is $20.42 and its 200 day simple moving average is $16.36.

Travelzoo declared that its board has authorized a stock repurchase program on Wednesday, October 23rd that authorizes the company to repurchase 1,000,000 shares. This repurchase authorization authorizes the information services provider to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

TZOO has been the subject of a number of recent research reports. StockNews.com cut Travelzoo from a “strong-buy” rating to a “buy” rating in a report on Friday, November 1st. Barrington Research boosted their target price on shares of Travelzoo from $12.00 to $15.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Finally, Ascendiant Capital Markets lifted their price target on shares of Travelzoo from $18.00 to $23.00 and gave the company a “buy” rating in a report on Monday, November 11th.

Insider Transactions at Travelzoo

In other Travelzoo news, CEO Holger Bartel sold 23,057 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $19.73, for a total value of $454,914.61. Following the completion of the transaction, the chief executive officer now owns 4,000 shares of the company’s stock, valued at $78,920. This represents a 85.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Azzurro Capital Inc sold 20,000 shares of Travelzoo stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $19.60, for a total value of $392,000.00. Following the sale, the insider now directly owns 4,442,696 shares in the company, valued at $87,076,841.60. The trade was a 0.45 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 57.45% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Travelzoo during the third quarter valued at $35,000. Quadrature Capital Ltd acquired a new position in Travelzoo in the third quarter valued at approximately $134,000. Barclays PLC acquired a new stake in Travelzoo during the 3rd quarter worth $138,000. Wells Fargo & Company MN bought a new stake in shares of Travelzoo during the 4th quarter valued at $158,000. Finally, Virtu Financial LLC bought a new position in shares of Travelzoo in the 3rd quarter worth $173,000. 27.39% of the stock is currently owned by institutional investors.

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.