JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
In a recent filing with the Securities and Exchange Commission, Azzurro Capital Inc., a significant shareholder of Travelzoo (NASDAQ:TZOO), reported the sale of 32,500 shares of the company’s common stock. The shares were sold on March 24 at an average price of $14.33 per share, with sale prices ranging from $14.06 to $14.58. The total transaction amounted to approximately $465,725. The sale comes as Travelzoo trades near its InvestingPro Fair Value, with the stock showing impressive gross profit margins of 87.5% and a P/E ratio of 13.1.
Following this transaction, Azzurro Capital, indirectly associated with Ralph Bartel and the Ralph Bartel 2005 Trust, retains ownership of 4,322,696 shares of Travelzoo. The shares sold were directly owned by Azzurro Capital Inc. Despite this insider sale, InvestingPro data shows management has been actively buying back shares, with the company maintaining strong financial health and holding more cash than debt on its balance sheet. Discover 10+ additional exclusive insights about Travelzoo with an InvestingPro subscription.
In other recent news, Travelzoo reported its Q4 2024 earnings, which showed a slight miss on earnings per share (EPS) and revenue expectations. The company posted an EPS of $0.26, falling short of the forecasted $0.28, and reported revenue of $20.7 million, below the anticipated $22.13 million. Despite these shortfalls, Travelzoo experienced an 8% increase in operating income, reaching $4.9 million. The company is focusing on expanding its membership model and metaverse offerings, with a projected 5% incremental revenue growth in Q1 2025 from membership fees. Analysts from Noble Capital Markets and Barrington Research inquired about the company’s subscription model and advertising business during the earnings call. Travelzoo’s executives highlighted the ongoing conversion of legacy members to paid memberships and the introduction of exclusive club offers. Challenges such as consumer hesitation in Europe and competitive pressure from other travel platforms were noted as potential risks to growth. The company plans to increase marketing spending in 2025, leveraging its strong cash position to support growth initiatives.
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