Despegar.com, Corp. (NYSE:DESP - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 405,245 shares changed hands during mid-day trading, a decline of 54% from the previous session's volume of 880,826 shares.The stock last traded at $13.74 and had previously closed at $13.20.
Analyst Ratings Changes
Several research analysts recently weighed in on DESP shares. Citigroup boosted their target price on Despegar.com from $14.50 to $15.00 and gave the stock a "neutral" rating in a research note on Monday, July 22nd. Cantor Fitzgerald restated an "overweight" rating and set a $17.00 target price on shares of Despegar.com in a research note on Friday, August 16th. Finally, TD Cowen boosted their target price on Despegar.com from $9.00 to $12.00 and gave the stock a "buy" rating in a research note on Tuesday, August 20th.
Read Our Latest Report on Despegar.com
Despegar.com Stock Performance
The stock has a 50-day simple moving average of $12.07 and a 200 day simple moving average of $12.65.
Despegar.com (NYSE:DESP - Get Free Report) last issued its quarterly earnings results on Thursday, August 15th. The company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.12. The company had revenue of $185.05 million during the quarter, compared to analysts' expectations of $184.35 million. Despegar.com had a negative return on equity of 62.18% and a net margin of 3.30%. Equities analysts forecast that Despegar.com, Corp. will post 0.75 earnings per share for the current year.
Hedge Funds Weigh In On Despegar.com
Institutional investors and hedge funds have recently modified their holdings of the stock. Amalgamated Bank acquired a new position in shares of Despegar.com in the 2nd quarter valued at about $28,000. LRI Investments LLC acquired a new position in Despegar.com in the 2nd quarter worth about $87,000. Hood River Capital Management LLC acquired a new position in Despegar.com in the 1st quarter worth about $101,000. Adalta Capital Management LLC acquired a new position in Despegar.com in the 1st quarter worth about $120,000. Finally, Sanctuary Advisors LLC acquired a new position in Despegar.com in the 2nd quarter worth about $128,000. Institutional investors and hedge funds own 67.93% of the company's stock.
Despegar.com Company Profile
(
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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