Travelzoo (TZOO) Initiated with a Buy at Barrington
In a report released today, James Goss from Barrington initiated coverage with a Buy rating on Travelzoo (TZOO) and a price target of $11.00. The company’s shares closed last Tuesday at $8.05.
According to TipRanks.com, Goss is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -6.3% and a 41.7% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Entertainment Class A, Clear Channel Outdoor, and Nexstar Media Group.
Travelzoo has an analyst consensus of Moderate Buy, with a price target consensus of $11.25, which is a 38.0% upside from current levels. In a report released yesterday, Noble Financial also initiated coverage with a Buy rating on the stock with a $11.50 price target.
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Based on Travelzoo’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $7 million and GAAP net loss of $6.19 million. In comparison, last year the company earned revenue of $26.61 million and had a net profit of $1.33 million.
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Travelzoo operates as a global media commerce company that engages in the provision of information to subscribers and website users about travel, entertainment and local deals available from various companies. Its publications and products include the Travelzoo website (travelzoo.com); the Travelzoo iPhone and Android apps; the Travelzoo Top 20 e-mail newsletter; and the Newsflash e-mail alert service. Travelzoo was founded by Ralph Bartel on May 21, 1998 and is headquartered in New York, NY.