Despegar.com, Corp. (NYSE:DESP - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 1,700,752 shares were traded during mid-day trading, an increase of 16% from the previous session's volume of 1,471,408 shares.The stock last traded at $18.88 and had previously closed at $18.81.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on DESP. B. Riley cut shares of Despegar.com from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. TD Cowen upgraded shares of Despegar.com from a "sell" rating to a "hold" rating in a report on Tuesday, December 24th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Despegar.com currently has an average rating of "Hold" and a consensus target price of $17.20.
Check Out Our Latest Stock Report on DESP
Despegar.com Price Performance
The business's fifty day moving average price is $19.18 and its 200 day moving average price is $17.24.
Institutional Investors Weigh In On Despegar.com
A number of institutional investors and hedge funds have recently made changes to their positions in DESP. Sterling Capital Management LLC raised its stake in Despegar.com by 756.8% during the 4th quarter. Sterling Capital Management LLC now owns 1,705 shares of the company's stock valued at $33,000 after acquiring an additional 1,506 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Despegar.com by 1,779.4% during the first quarter. GAMMA Investing LLC now owns 1,917 shares of the company's stock worth $36,000 after purchasing an additional 1,815 shares during the period. Quarry LP grew its position in Despegar.com by 107.1% in the 3rd quarter. Quarry LP now owns 2,769 shares of the company's stock valued at $34,000 after buying an additional 1,432 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Despegar.com during the 4th quarter worth $68,000. Finally, State of Wyoming lifted its stake in shares of Despegar.com by 107.9% in the 4th quarter. State of Wyoming now owns 3,846 shares of the company's stock worth $74,000 after acquiring an additional 1,996 shares during the period. 67.93% of the stock is owned by hedge funds and other institutional investors.
About Despegar.com
(
Get Free Report)
Despegar.com, Corp., an online travel company, provides a range of travel and travel-related products to leisure and corporate travelers through its websites and mobile applications in Latin America and the United States. The company operates in two segments, Travel Business and Financial Services Business.
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