Shares of Despegar.com Corp (NYSE:DESP) have been assigned a consensus recommendation of “Hold” from the six research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $22.33.
Separately, Zacks Investment Research upgraded Despegar.com from a “sell” rating to a “hold” rating in a research report on Wednesday, February 27th.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Nordea Investment Management AB boosted its position in Despegar.com by 7,094.5% during the 1st quarter. Nordea Investment Management AB now owns 2,196,855 shares of the company’s stock worth $32,733,000 after acquiring an additional 2,166,320 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in Despegar.com during the 1st quarter worth approximately $112,000. Sapience Investments LLC boosted its position in Despegar.com by 9.7% during the 1st quarter. Sapience Investments LLC now owns 750,350 shares of the company’s stock worth $11,180,000 after acquiring an additional 66,390 shares during the last quarter. Commonwealth Bank of Australia acquired a new position in Despegar.com during the 1st quarter worth approximately $143,000. Finally, Penserra Capital Management LLC boosted its position in Despegar.com by 10.4% during the 1st quarter. Penserra Capital Management LLC now owns 54,780 shares of the company’s stock worth $815,000 after acquiring an additional 5,147 shares during the last quarter. Institutional investors and hedge funds own 57.43% of the company’s stock.
Shares of DESP traded up $0.27 on Monday, hitting $13.60. The company’s stock had a trading volume of 11,115 shares, compared to its average volume of 736,991. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.02. The business has a fifty day moving average of $13.22. Despegar.com has a fifty-two week low of $11.11 and a fifty-two week high of $23.98. The stock has a market capitalization of $921.92 million, a price-to-earnings ratio of 50.56 and a beta of 1.15.
Despegar.com (NYSE:DESP) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.01). Despegar.com had a net margin of 0.91% and a return on equity of 1.84%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $128.90 million. During the same quarter in the prior year, the firm posted $0.24 earnings per share. Despegar.com’s revenue for the quarter was up 797.2% compared to the same quarter last year. Sell-side analysts expect that Despegar.com will post -0.24 EPS for the current year.
Despegar.com Corp. provides online travel agency services. It offers tours and corporate packages to destinations such as Paris, Cancun, Rio de Janeiro, Rome, Barcelona, and Las Vegas, as well as vehicle rentals and hotel bookings. The company was founded by Roberto Hernán Souviron, Federico Fuchs, Martín Rastellino, Ernesto Cadeiras and Christian Vilate in December 1999 and is headquartered in Buenos Aires, Argentina.
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