Despegar.com Corp (NYSE:DESP) Given Average Rating of “Hold” by Analysts

Shares of Despegar.com Corp (NYSE:DESP) have received a consensus rating of “Hold” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $22.33.

Separately, Zacks Investment Research raised Despegar.com from a “sell” rating to a “hold” rating in a research note on Wednesday, February 27th.

Shares of DESP traded down $0.24 during mid-day trading on Monday, hitting $13.68. 280,500 shares of the company’s stock traded hands, compared to its average volume of 421,683. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.02. Despegar.com has a 1 year low of $11.11 and a 1 year high of $22.85. The stock has a market cap of $962.73 million, a price-to-earnings ratio of 50.67 and a beta of 1.15. The business has a 50-day simple moving average of $13.06.

Despegar.com (NYSE:DESP) last posted its earnings results on Thursday, May 9th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.01). Despegar.com had a net margin of 0.91% and a return on equity of 1.84%. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $128.90 million. During the same period last year, the firm posted $0.24 earnings per share. Despegar.com’s quarterly revenue was up 797.2% on a year-over-year basis. Equities research analysts forecast that Despegar.com will post -0.24 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Marshall Wace North America L.P. purchased a new position in shares of Despegar.com during the first quarter valued at approximately $112,000. Bank of America Corp DE increased its stake in shares of Despegar.com by 52.6% during the fourth quarter. Bank of America Corp DE now owns 9,351 shares of the company’s stock valued at $116,000 after buying an additional 3,224 shares during the period. Commonwealth Bank of Australia purchased a new position in shares of Despegar.com during the first quarter valued at approximately $143,000. PNC Financial Services Group Inc. grew its stake in Despegar.com by 105.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,468 shares of the company’s stock worth $154,000 after purchasing an additional 6,402 shares during the period. Finally, Legal & General Group Plc grew its stake in Despegar.com by 226.1% in the fourth quarter. Legal & General Group Plc now owns 16,056 shares of the company’s stock worth $199,000 after purchasing an additional 11,133 shares during the period. 57.43% of the stock is currently owned by hedge funds and other institutional investors.

About Despegar.com

Despegar.com Corp. provides online travel agency services. It offers tours and corporate packages to destinations such as Paris, Cancun, Rio de Janeiro, Rome, Barcelona, and Las Vegas, as well as vehicle rentals and hotel bookings. The company was founded by Roberto Hernán Souviron, Federico Fuchs, Martín Rastellino, Ernesto Cadeiras and Christian Vilate in December 1999 and is headquartered in Buenos Aires, Argentina.

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Analyst Recommendations for Despegar.com (NYSE:DESP)

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