Shares of Despegar.com Corp (NYSE:DESP) have received an average recommendation of “Hold” from the seven ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $26.40.
A number of research firms recently commented on DESP. KeyCorp dropped their price objective on Despegar.com from $30.00 to $27.00 and set a “buy” rating for the company in a research report on Friday, August 17th. Cowen reiterated a “buy” rating and set a $20.00 price objective on shares of Despegar.com in a research report on Friday, August 17th. Citigroup dropped their price objective on Despegar.com from $28.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 17th. Morgan Stanley lowered their price target on Despegar.com from $24.00 to $22.00 and set an “equal weight” rating for the company in a report on Friday, August 17th. Finally, UBS Group cut Despegar.com from a “market perform” rating to an “underperform” rating in a report on Friday, August 17th.
Despegar.com stock traded down $0.03 during midday trading on Thursday, reaching $14.50. 257,489 shares of the company were exchanged, compared to its average volume of 364,573. The stock has a market cap of $1.00 billion, a PE ratio of 21.01 and a beta of -0.35. Despegar.com has a 1 year low of $14.06 and a 1 year high of $36.56.
Despegar.com (NYSE:DESP) last posted its quarterly earnings data on Thursday, November 8th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.15). The company had revenue of $121.25 million for the quarter, compared to analysts’ expectations of $123.77 million. Despegar.com had a return on equity of 11.28% and a net margin of 5.25%. The company’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.21 EPS. Equities research analysts predict that Despegar.com will post 0.36 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of DESP. Morgan Stanley grew its holdings in Despegar.com by 200.2% in the 2nd quarter. Morgan Stanley now owns 1,658,017 shares of the company’s stock valued at $34,769,000 after buying an additional 1,105,785 shares during the period. Vulcan Value Partners LLC grew its holdings in Despegar.com by 70.8% in the 2nd quarter. Vulcan Value Partners LLC now owns 2,635,944 shares of the company’s stock valued at $55,276,000 after buying an additional 1,092,398 shares during the period. Global Thematic Partners LLC grew its holdings in Despegar.com by 118.2% in the 3rd quarter. Global Thematic Partners LLC now owns 1,590,910 shares of the company’s stock valued at $26,838,000 after buying an additional 861,833 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in Despegar.com in the 3rd quarter valued at about $10,672,000. Finally, Schroder Investment Management Group purchased a new stake in Despegar.com in the 2nd quarter valued at about $11,876,000. Institutional investors own 66.37% of the company’s stock.
Despegar.com Company Profile
Despegar.com, Corp., an online travel company, provides a range of travel and travel-related products through its Websites and mobile applications in Latin America. It operates through two segments, Air; and Packages, Hotels and Other Travel Products. The company offers airline tickets, packages, hotels, and other travel-related products under the Despegar and Decolar brands, which enable consumers to find, compare, plan, and purchase travel products through its marketplace.
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