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Azzurro Capital Inc., a major shareholder of Travelzoo (NASDAQ:TZOO), recently sold 40,000 shares of the company’s common stock, according to a regulatory filing. The travel deals company, currently valued at $167 million, has maintained impressive gross profit margins of 87.5% despite recent stock volatility. According to InvestingPro analysis, the stock is currently trading near its Fair Value. The shares were sold at prices ranging from $15.14 to $15.61, totaling approximately $610,400. Following this transaction, Azzurro Capital holds 4,382,696 shares indirectly through Ralph Bartel and the Ralph Bartel 2005 Trust. The sale reflects a continued adjustment in the holdings of Azzurro Capital, which remains a significant stakeholder in the online travel and entertainment deals company. While insiders adjust positions, InvestingPro data shows management has been actively buying back shares, with 12 additional key insights available to subscribers through the comprehensive Pro Research Report.
In other recent news, Travelzoo reported its Q4 2024 earnings, which showed a miss on both earnings per share (EPS) and revenue expectations. The company posted an EPS of $0.26, falling short of the anticipated $0.28, and reported revenue of $20.7 million, below the forecasted $22.13 million. Despite these results, Travelzoo’s operating income saw an 8% increase, reaching $4.9 million. The company is focusing on expanding its membership model and metaverse offerings, anticipating a 5% revenue growth in Q1 2025 from membership fees. Analysts from Noble Capital Markets and Barrington Research inquired about the membership conversion progress and advertising business, with executives confirming positive engagement among paid members. Travelzoo’s North America segment performed well, while revenue in Europe was impacted by consumer hesitation. The company plans to increase marketing spending to support its growth strategy in 2025.
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