Despegar.com Corp (NYSE:DESP) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 1,190,000 shares, an increase of 22.8% from the August 30th total of 969,300 shares. Based on an average trading volume of 466,400 shares, the short-interest ratio is currently 2.6 days. Currently, 2.1% of the shares of the stock are short sold.
A number of hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its position in Despegar.com by 119.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,182 shares of the company’s stock worth $44,000 after purchasing an additional 1,733 shares in the last quarter. CHICAGO TRUST Co NA increased its position in Despegar.com by 17.1% during the 3rd quarter. CHICAGO TRUST Co NA now owns 13,515 shares of the company’s stock worth $153,000 after purchasing an additional 1,978 shares in the last quarter. Marshall Wace North America L.P. acquired a new position in Despegar.com during the 1st quarter worth approximately $112,000. Natixis acquired a new position in Despegar.com during the 2nd quarter worth approximately $173,000. Finally, RBF Capital LLC acquired a new position in Despegar.com during the 2nd quarter worth approximately $208,000. Institutional investors and hedge funds own 58.77% of the company’s stock.
A number of analysts have recently weighed in on the stock. Morgan Stanley set a $15.00 price target on shares of Despegar.com and gave the stock a “hold” rating in a report on Friday, August 9th. UBS Group set a $19.00 price target on shares of Despegar.com and gave the stock a “buy” rating in a report on Friday, August 9th. Zacks Investment Research raised shares of Despegar.com from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. Finally, ValuEngine raised shares of Despegar.com from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Despegar.com presently has an average rating of “Hold” and a consensus price target of $17.00.
DESP stock traded down $0.07 during trading on Friday, reaching $11.38. 275,733 shares of the company were exchanged, compared to its average volume of 265,989. The company has a 50-day moving average of $10.97 and a two-hundred day moving average of $12.89. The company has a market capitalization of $788.44 million, a price-to-earnings ratio of 42.15 and a beta of 1.41. Despegar.com has a twelve month low of $9.52 and a twelve month high of $18.90. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.56 and a quick ratio of 1.56.
Despegar.com (NYSE:DESP) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.23). The business had revenue of $114.09 million during the quarter, compared to analysts’ expectations of $114.90 million. Despegar.com had a negative net margin of 2.60% and a negative return on equity of 5.27%. The firm’s quarterly revenue was down 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.02 EPS. On average, analysts forecast that Despegar.com will post -0.17 EPS for the current year.
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.
Read More: Portfolio Manager
Receive News & Ratings for Despegar.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Despegar.com and related companies with MarketBeat.com's FREE daily email newsletter.