Despegar.com Corp. (NYSE:DESP) shares traded 8.41% higher at $6.70 on Wall Street last session.
In accordance with the data, 5 analysts cover Despegar.com Corp. (NYSE:DESP). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $20.00 and a low of $6.00, we find $7.60. Given the previous closing price of $6.18, this indicates a potential upside of 22.98 percent. DESP stock price is now 23.85% away from the 50-day moving average and -10.74% away from the 200-day moving average. The market capitalization of the company currently stands at $440.32M.
It has been rated a hold by 3 analysts and a buy by 2. Brokers who have rated the stock have averaged $9.92 as their price target over the next twelve months.
On January 25, 2022, Citigroup Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $15, while ‘KeyBanc Capital Markets’ rates the stock as ‘Overweight’.
A total of 14.75% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DESP stock. A new stake in Despegar.com Corp. shares was purchased by TIMESSQUARE CAPITAL MANAGEMENT, LLC during the first quarter worth $1,679,000. RONIT CAPITAL LLP invested $1,340,000 in shares of DESP during the first quarter. In the first quarter, SEI INVESTMENTS CO acquired a new stake in Despegar.com Corp. valued at approximately $1,035,000. RENAISSANCE TECHNOLOGIES LLC acquired a new stake in DESP for approximately $853,000. NEWFOUNDLAND CAPITAL MANAGEMENT purchased a new stake in DESP valued at around $610,000 in the second quarter. In total, there are 107 active investors with 60.90% ownership of the company’s stock.
Despegar.com Corp. (NYSE: DESP) opened at $6.22 on Friday. During the past 12 months, Despegar.com Corp. has had a low of $4.44 and a high of $12.70. The fifty day moving average price for DESP is $5.42 and a two-hundred day moving average price translates $7.48 for the stock.
The latest earnings results from Despegar.com Corp. (NYSE: DESP) was released for Jun, 2022. According to the Travel Services Company, earnings per share came in at -$0.24, missing analysts’ expectations of -$0.15 by -0.09. This compares to -$0.29 EPS in the same period last year. The net profit margin was -12.70% and return on equity was 90.50% for DESP. The company reported revenue of $145.6 million for the quarter, compared to $83.37 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 74.64 percent. For the current quarter, analysts expect DESP to generate $139M in revenue.
Despegar.com Corp.(DESP) Company Profile
Despegar.com, Corp., online travel company, provides a range of travel and travel-related products through its websites and mobile applications in Latin America. The company operates in two segments, Air; and Packages, Hotels and Other Travel Products. It offers airline tickets; and travel packages, hotel rooms, car rentals, bus tickets, cruise tickets, travel insurance, destination services, and other travel-related products, which enable consumers to find, compare, plan, and purchase travel products through its marketplace. The company also provides a technology platform for its travel suppliers to manage the distribution of their travel products and access to traveler customers. In addition, it offers travel products and services under the Despegar, Decolar, Best Day, BD Experience, and HotelDo brands. Further, the company operates Koin, an online payment and consumer lending services platform. Despegar.com, Corp. was founded in 1999 and is based in Buenos Aires, Argentina.