R. F. Lafferty started coverage on shares of Despegar Com (NYSE:DESP) in a report issued on Monday. The firm issued a buy rating and a $38.00 price target on the stock.
A number of other research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Despegar Com from a buy rating to a hold rating in a research note on Friday, January 12th. Morgan Stanley lifted their price objective on shares of Despegar Com from $31.00 to $32.00 and gave the company an equal weight rating in a research note on Friday, November 17th. Cowen reissued a buy rating and issued a $35.00 price objective on shares of Despegar Com in a research note on Sunday, November 19th. UBS Group raised shares of Despegar Com from a neutral rating to a buy rating and set a $36.00 price objective on the stock in a research note on Thursday, January 11th. Finally, Citigroup lifted their price objective on shares of Despegar Com from $36.00 to $37.00 and gave the company a neutral rating in a research note on Friday. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $35.88.
Shares of Despegar Com (DESP) opened at $33.13 on Monday. Despegar Com has a 1 year low of $22.73 and a 1 year high of $34.70.
Despegar Com (NYSE:DESP) last announced its quarterly earnings data on Thursday, March 8th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.06. The firm had revenue of $144.00 million during the quarter, compared to the consensus estimate of $136.10 million. Despegar Com’s revenue for the quarter was up 29.5% compared to the same quarter last year. sell-side analysts expect that Despegar Com will post 0.79 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of DESP. BlackRock Inc. bought a new stake in shares of Despegar Com during the fourth quarter worth $142,000. Grandeur Peak Global Advisors LLC bought a new stake in shares of Despegar Com during the third quarter worth $160,000. Cubist Systematic Strategies LLC bought a new stake in shares of Despegar Com during the third quarter worth $192,000. Nationwide Fund Advisors bought a new stake in shares of Despegar Com during the third quarter worth $253,000. Finally, Malaga Cove Capital LLC bought a new stake in shares of Despegar Com during the fourth quarter worth $274,000. 74.24% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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