Divisadero Street Capital Management LP Buys 323,585 Shares of Despegar.com, Corp. (NYSE:DESP)

Divisadero Street Capital Management LP raised its holdings in Despegar.com, Corp. (NYSE:DESP - Free Report) by 75.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 751,513 shares of the company's stock after acquiring an additional 323,585 shares during the quarter. Despegar.com comprises 1.7% of Divisadero Street Capital Management LP's portfolio, making the stock its 18th largest position. Divisadero Street Capital Management LP owned approximately 0.90% of Despegar.com worth $14,467,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Sterling Capital Management LLC increased its holdings in shares of Despegar.com by 756.8% in the fourth quarter. Sterling Capital Management LLC now owns 1,705 shares of the company's stock worth $33,000 after acquiring an additional 1,506 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Despegar.com during the fourth quarter worth about $68,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Despegar.com during the fourth quarter valued at approximately $104,000. Quinn Opportunity Partners LLC acquired a new position in Despegar.com during the fourth quarter valued at approximately $194,000. Finally, OLD Mission Capital LLC bought a new position in Despegar.com in the fourth quarter valued at approximately $221,000. Institutional investors and hedge funds own 67.93% of the company's stock.

Wall Street Analyst Weigh In

Separately, B. Riley cut 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 stock. Based on data from MarketBeat, Despegar.com currently has a consensus rating of "Hold" and an average target price of $17.20.

Despegar.com Stock Up 0.0%

Shares of DESP stock traded up $0.01 on Monday, reaching $19.47. The stock had a trading volume of 911,732 shares, compared to its average volume of 1,626,463. Despegar.com, Corp. has a 12 month low of $9.25 and a 12 month high of $19.55. The firm 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. The firm's 50-day moving average is $19.17 and its two-hundred day moving average is $18.36.

Despegar.com (NYSE:DESP - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $210.30 million for the quarter, compared to analyst estimates of $212.40 million. Despegar.com's revenue was up 8.7% compared to the same quarter last year. On average, sell-side analysts forecast that Despegar.com, Corp. will post 0.87 earnings per share for the current fiscal year.

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.