Q3 2024 EPS Estimates for Travelzoo Reduced by Noble Financial (NASDAQ:TZOO)

Travelzoo (NASDAQ:TZOO - Free Report) - Noble Financial cut their Q3 2024 earnings estimates for Travelzoo in a research report issued on Thursday, April 25th. Noble Financial analyst M. Kupinski now anticipates that the information services provider will post earnings of $0.16 per share for the quarter, down from their previous forecast of $0.17. The consensus estimate for Travelzoo's current full-year earnings is $0.99 per share. Noble Financial also issued estimates for Travelzoo's Q4 2024 earnings at $0.21 EPS.

Several other research analysts also recently weighed in on the stock. Barrington Research decreased their target price on shares of Travelzoo from $14.00 to $12.00 and set an "outperform" rating for the company in a research note on Wednesday. StockNews.com downgraded shares of Travelzoo from a "strong-buy" rating to a "buy" rating in a research note on Thursday.

Get Our Latest Report on TZOO

Travelzoo Trading Up 0.9 %

TZOO traded up $0.08 during trading on Friday, hitting $8.58. 90,465 shares of the company's stock were exchanged, compared to its average volume of 101,174. The firm has a market cap of $113.26 million, a P/E ratio of 9.34 and a beta of 1.71. The stock has a 50 day moving average price of $9.59 and a 200 day moving average price of $8.85. Travelzoo has a 1 year low of $4.77 and a 1 year high of $11.23.

Travelzoo (NASDAQ:TZOO - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The information services provider reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.02. Travelzoo had a net margin of 15.24% and a return on equity of 140.25%. The company had revenue of $21.99 million during the quarter, compared to the consensus estimate of $23.72 million.

Institutional Trading of Travelzoo

Institutional investors have recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Travelzoo during the third quarter worth $82,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Travelzoo during the fourth quarter worth $171,000. Denali Advisors LLC raised its holdings in shares of Travelzoo by 71.9% during the third quarter. Denali Advisors LLC now owns 37,300 shares of the information services provider's stock worth $217,000 after purchasing an additional 15,600 shares during the period. Janiczek Wealth Management LLC acquired a new stake in shares of Travelzoo during the fourth quarter worth $275,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Travelzoo during the first quarter worth $277,000. 27.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, major shareholder Azzurro Capital Inc sold 18,000 shares of the company's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $8.52, for a total value of $153,360.00. Following the sale, the insider now directly owns 5,440,802 shares of the company's stock, valued at $46,355,633.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 148,931 shares of company stock worth $1,483,335. 57.45% of the stock is currently owned by company insiders.

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.

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