Despegar Com’s (NASDAQ:DESP) quiet period is set to expire on Monday, October 30th. Despegar Com had issued 12,770,000 shares in its initial public offering on September 20th. The total size of the offering was $332,020,000 based on an initial share price of $26.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any research reports for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Several research analysts have recently issued reports on DESP shares. Guggenheim started coverage on shares of Despegar Com in a report on Thursday, September 28th. They issued a “buy” rating and a $38.00 target price on the stock. KeyCorp started coverage on shares of Despegar Com in a report on Monday, October 16th. They issued an “overweight” rating and a $40.00 target price on the stock. UBS AG started coverage on shares of Despegar Com in a report on Monday, October 16th. They issued a “neutral” rating and a $36.00 target price on the stock. Morgan Stanley started coverage on shares of Despegar Com in a report on Monday, October 16th. They issued an “equal weight” rating and a $31.00 target price on the stock. Finally, Citigroup Inc. started coverage on shares of Despegar Com in a report on Tuesday, October 17th. They issued a “neutral” rating and a $34.00 target price on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $35.80.
COPYRIGHT VIOLATION WARNING: “Despegar Com Inc’s Quiet Period Will Expire Tomorrow (NASDAQ:DESP)” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this article can be accessed at https://www.dispatchtribunal.com/2017/10/29/despegar-com-incs-quiet-period-will-expire-tomorrow-nasdaqdesp.html.
Despegar Com (NASDAQ:DESP) opened at 29.67 on Friday. Despegar Com has a one year low of $27.91 and a one year high of $34.70. The stock has a 50 day moving average of $31.83 and a 200 day moving average of $31.83. The company’s market cap is $1.99 billion.
A hedge fund recently bought a new stake in Despegar Com stock. State of New Jersey Common Pension Fund D purchased a new stake in shares of Despegar Com Inc (NASDAQ:DESP) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 26,100 shares of the company’s stock, valued at approximately $835,000.
About Despegar Com
Despegar.com Corp is an Argentina-based travel agency. The Company’s activities are divided into two business segments: Air, as well as Packages, Hotels and Other Travel Products. The Air division focuses on the sale of airline tickets. The Packages, Hotels and Other Travel Products division includes sales of travel packages with or without airline tickets and hotel rooms, as well as stand-alone sales of hotel rooms, including vacation rentals, car rentals, bus tickets, cruise tickets, travel insurance and destination services.
Receive News & Ratings for Despegar Com Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Despegar Com Inc and related companies with MarketBeat.com's FREE daily email newsletter.