Divisadero Street Capital Management LP Increases Stake in Despegar.com, Corp. (NYSE:DESP)

Divisadero Street Capital Management LP boosted its stake in shares of Despegar.com, Corp. (NYSE:DESP - Free Report) by 75.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 751,513 shares of the company's stock after buying an additional 323,585 shares during the quarter. Despegar.com makes up 1.7% of Divisadero Street Capital Management LP's portfolio, making the stock its 18th largest position. Divisadero Street Capital Management LP owned 0.90% of Despegar.com worth $14,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Sterling Capital Management LLC increased its stake in shares of Despegar.com by 756.8% during the fourth quarter. Sterling Capital Management LLC now owns 1,705 shares of the company's stock valued at $33,000 after buying an additional 1,506 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in Despegar.com during the 4th quarter valued at about $68,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Despegar.com in the 4th quarter valued at about $104,000. Quinn Opportunity Partners LLC purchased a new stake in shares of Despegar.com in the 4th quarter worth approximately $194,000. Finally, OLD Mission Capital LLC bought a new position in shares of Despegar.com during the fourth quarter valued at approximately $221,000. 67.93% of the stock is owned by hedge funds and other institutional investors.

Despegar.com Price Performance

Shares of DESP stock traded up $0.01 during mid-day trading on Friday, hitting $19.46. 861,264 shares of the stock traded hands, compared to its average volume of 1,624,835. Despegar.com, Corp. has a 52-week low of $9.25 and a 52-week high of $19.55. The stock has a market cap of $1.63 billion, a P/E ratio of -648.67, a P/E/G ratio of 0.91 and a beta of 1.61. The stock's fifty day moving average is $19.17 and its two-hundred day moving average is $18.30.

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

Wall Street Analyst Weigh In

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

Despegar.com Profile

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.