Despegar.com Corp (NYSE:DESP) fell 0.3% on Tuesday . The stock traded as low as $9.90 and last traded at $12.17, 36,069 shares were traded during trading. A decline of 91% from the average session volume of 379,677 shares. The stock had previously closed at $12.21.
Several research firms have weighed in on DESP. UBS Group set a $19.00 target price on Despegar.com and gave the company a “buy” rating in a report on Friday. Zacks Investment Research upgraded Despegar.com from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. Finally, Morgan Stanley set a $15.00 target price on Despegar.com and gave the company a “hold” rating in a report on Friday. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Despegar.com currently has a consensus rating of “Hold” and a consensus price target of $21.20.
The stock’s fifty day moving average price is $13.61. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.78 and a quick ratio of 1.78. The company has a market cap of $1.02 billion, a P/E ratio of 44.15 and a beta of 1.33.
Despegar.com (NYSE:DESP) last posted its earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.23). Despegar.com had a negative return on equity of 5.20% and a negative net margin of 2.60%. The company had revenue of $114.09 million for the quarter, compared to analyst estimates of $114.90 million. During the same period last year, the company earned $0.02 earnings per share. The business’s revenue was down 11.0% compared to the same quarter last year. Equities research analysts anticipate that Despegar.com Corp will post -0.24 EPS for the current year.
Institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its stake in shares of Despegar.com by 119.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,182 shares of the company’s stock worth $44,000 after purchasing an additional 1,733 shares during the period. Marshall Wace North America L.P. bought a new position in shares of Despegar.com in the first quarter worth about $112,000. Bank of America Corp DE increased its stake in shares of Despegar.com by 52.6% in the fourth quarter. Bank of America Corp DE now owns 9,351 shares of the company’s stock worth $116,000 after purchasing an additional 3,224 shares during the period. Commonwealth Bank of Australia bought a new position in shares of Despegar.com in the first quarter worth about $143,000. Finally, CHICAGO TRUST Co NA bought a new position in shares of Despegar.com in the second quarter worth about $160,000. Institutional investors and hedge funds own 57.94% of the company’s stock.
About Despegar.com (NYSE:DESP)
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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