Company repurchased 200,000 shares during the quarter
Result drivers
International conflicts - Co said uncertainty from international conflicts negatively impacted all business segments
Higher marketing spend - Co said it invested significantly in growing Club Members and accelerated shift to recurring membership revenues, with marketing costs expensed immediately
Membership revenue timing - Co said membership fees revenue is recognized over 12 months, so increased renewals in Q2 did not fully offset revenue decline in the quarter
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the leisure & recreation peer group is "buy"
Wall Street's median 12-month price target for Travelzoo is $21.50, about 110.6% above its July 27 closing price of $10.21
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 8 three months ago
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