Bayesian Capital Management LP Makes New Investment in Despegar.com, Corp. (NYSE:DESP)

Bayesian Capital Management LP acquired a new position in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 22,700 shares of the company's stock, valued at approximately $437,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sterling Capital Management LLC increased its holdings in Despegar.com by 756.8% in the 4th quarter. Sterling Capital Management LLC now owns 1,705 shares of the company's stock valued at $33,000 after purchasing an additional 1,506 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Despegar.com in the 4th quarter valued at about $68,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Despegar.com in the 4th quarter valued at about $104,000. Quinn Opportunity Partners LLC purchased a new position in Despegar.com in the 4th quarter valued at about $194,000. Finally, OLD Mission Capital LLC purchased a new position in Despegar.com in the 4th quarter valued at about $221,000. 67.93% of the stock is currently owned by institutional investors and hedge funds.

Despegar.com Stock Performance

Shares of DESP stock traded up $0.01 during trading hours on Monday, hitting $19.47. 659,784 shares of the company were exchanged, compared to its average volume of 1,625,540. Despegar.com, Corp. has a one year low of $9.25 and a one year high of $19.55. The business's 50-day simple moving average is $19.17 and its two-hundred day simple moving average is $18.36. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of -648.83, a P/E/G ratio of 0.91 and a beta of 1.61.

Despegar.com (NYSE:DESP - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.42 by ($0.61). Despegar.com had a negative return on equity of 58.97% and a net margin of 4.45%. The company had revenue of $210.30 million for the quarter, compared to the consensus estimate of $212.40 million. The firm's revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, analysts anticipate that Despegar.com, Corp. will post 0.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, B. Riley cut shares of Despegar.com from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $17.20.

About Despegar.com

Despegar.com, Corp., an online travel company, provides a range of travel and travel-related products to leisure and corporate travelers through its websites and mobile applications in Latin America and the United States. The company operates in two segments, Travel Business and Financial Services Business.