GSA Capital Partners LLP purchased a new position in Despegar.com Corp (NYSE:DESP) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,785 shares of the company’s stock, valued at approximately $243,000.
Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Despegar.com in the 4th quarter worth approximately $142,000. State of New Jersey Common Pension Fund D purchased a new stake in shares of Despegar.com in the 1st quarter worth approximately $209,000. Highland Capital Management LP purchased a new stake in shares of Despegar.com in the 4th quarter worth approximately $494,000. Goldman Sachs Group Inc. purchased a new stake in shares of Despegar.com in the 4th quarter worth approximately $644,000. Finally, Wells Fargo & Company MN grew its stake in shares of Despegar.com by 2,034.0% in the 4th quarter. Wells Fargo & Company MN now owns 23,986 shares of the company’s stock worth $659,000 after buying an additional 22,862 shares during the last quarter. Institutional investors own 73.08% of the company’s stock.
Several analysts have commented on the company. KeyCorp cut their target price on Despegar.com from $40.00 to $30.00 and set an “overweight” rating on the stock in a research note on Tuesday. Zacks Investment Research downgraded Despegar.com from a “hold” rating to a “sell” rating in a research note on Monday, June 4th. Morgan Stanley reiterated an “equal weight” rating and set a $33.00 target price (up from $32.00) on shares of Despegar.com in a research note on Friday, March 9th. R. F. Lafferty assumed coverage on Despegar.com in a research note on Monday, March 12th. They set a “buy” rating and a $38.00 target price on the stock. Finally, Citigroup increased their target price on Despegar.com from $36.00 to $37.00 and gave the company a “neutral” rating in a research note on Friday, March 9th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $35.38.
Shares of DESP opened at $20.97 on Friday. Despegar.com Corp has a 12 month low of $20.27 and a 12 month high of $36.56. The firm has a market cap of $1.38 billion and a price-to-earnings ratio of 30.39.
Despegar.com (NYSE:DESP) last issued its earnings results on Thursday, May 10th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01. The business had revenue of $148.60 million for the quarter, compared to analysts’ expectations of $143.47 million. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. equities research analysts anticipate that Despegar.com Corp will post 0.69 earnings per share for the current year.
Despegar.com, Corp., an online travel company, provides a range of travel and travel-related products through its Websites and mobile applications in Latin America. It operates through two segments, Air; and Packages, Hotels and Other Travel Products. The company offers airline tickets, packages, hotels, and other travel-related products under the Despegar and Decolar brands, which enable consumers to find, compare, plan, and purchase travel products through its marketplace.
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