Despegar.com Corp (NYSE:DESP) Receives Consensus Rating of “Hold” from Analysts

Despegar.com Corp (NYSE:DESP) has been given an average recommendation of “Hold” by the six research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $22.33.

Separately, Zacks Investment Research upgraded shares of DLH from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th.

A number of institutional investors and hedge funds have recently bought and sold shares of DESP. PNC Financial Services Group Inc. boosted its position in shares of Despegar.com by 105.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 12,468 shares of the company’s stock valued at $154,000 after acquiring an additional 6,402 shares during the last quarter. BlackRock Inc. lifted its position in Despegar.com by 0.8% in the fourth quarter. BlackRock Inc. now owns 147,465 shares of the company’s stock valued at $1,830,000 after buying an additional 1,180 shares during the last quarter. Citigroup Inc. acquired a new position in Despegar.com in the fourth quarter valued at about $249,000. Northern Trust Corp lifted its position in Despegar.com by 20.8% in the fourth quarter. Northern Trust Corp now owns 78,529 shares of the company’s stock valued at $975,000 after buying an additional 13,529 shares during the last quarter. Finally, Brown Advisory Inc. lifted its position in Despegar.com by 177.8% in the fourth quarter. Brown Advisory Inc. now owns 1,324,520 shares of the company’s stock valued at $16,436,000 after buying an additional 847,663 shares during the last quarter. 57.43% of the stock is owned by institutional investors.

DESP stock traded up $0.02 during trading on Friday, reaching $14.00. The company had a trading volume of 4,327 shares, compared to its average volume of 220,337. The business has a 50-day simple moving average of $13.26. The firm has a market cap of $957.89 million, a P/E ratio of 51.93 and a beta of 1.34. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.78 and a current ratio of 1.78. Despegar.com has a twelve month low of $11.11 and a twelve month high of $22.18.

Despegar.com (NYSE:DESP) last released its earnings results on Thursday, May 9th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $128.90 million. Despegar.com had a return on equity of 1.84% and a net margin of 0.91%. The firm’s revenue for the quarter was up 797.2% on a year-over-year basis. During the same quarter last year, the business earned $0.24 earnings per share. As a group, analysts expect that Despegar.com will post -0.24 earnings per share for the current year.

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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