In a recent transaction, Azzurro Capital Inc. sold 30,000 shares of Travelzoo (NASDAQ:TZOO), with the share prices ranging from $20.02 to $20.47. The sale comes as Travelzoo trades near its 52-week high of $20.75, following an impressive 100% return over the past year. The total value of the sale amounted to approximately $607,500. Following this transaction, Azzurro Capital Inc. holds 4,462,696 shares indirectly through Ralph Bartel and the Ralph Bartel 2005 Trust. The shares were directly owned by Azzurro Capital Inc. prior to the sale. According to InvestingPro analysis, while insiders are selling, management has been actively buying back shares, and the company's current market capitalization stands at $231.48M. For deeper insights into insider trading patterns and 16+ additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Travelzoo, a global internet media company, reported a minor decrease in revenue for the third quarter of 2024. The company's consolidated revenue was $20.1 million, marking a 2% decline from the previous year. However, the operating income showed a significant rise, increasing by 30% to $4 million. These developments are part of recent news from the company.
Travelzoo also introduced a membership fee at the beginning of 2024, which is expected to contribute to substantial revenue growth in 2025 as legacy members begin to pay fees. The company's subdivision, Jack's Flight Club, showed an increase in revenue by 11% to $1.2 million and grew its premium subscribers by 14%.
The company has also been developing metaverse travel experiences under the Travelzoo META (NASDAQ:META) initiative. However, Travelzoo expects slower revenue growth in Q4 2024 compared to 2023. Despite this, significant growth is anticipated in 2025, primarily due to the introduction of membership fees.
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