Shares of Despegar.com, Corp. (NYSE:DESP - Get Free Report) hit a new 52-week high during mid-day trading on Friday after B. Riley raised their price target on the stock from $16.00 to $19.00. B. Riley currently has a buy rating on the stock. Despegar.com traded as high as $14.28 and last traded at $14.28, with a volume of 16693 shares trading hands. The stock had previously closed at $12.54.
DESP has been the topic of a number of other reports. Citigroup reaffirmed a "neutral" rating and set a $14.50 price target (up from $11.50) on shares of Despegar.com in a report on Monday, April 29th. Cantor Fitzgerald lifted their price objective on Despegar.com from $14.00 to $17.00 and gave the stock an "overweight" rating in a research note on Friday.
View Our Latest Research Report on Despegar.com
Hedge Funds Weigh In On Despegar.com
Institutional investors have recently made changes to their positions in the stock. Woodson Capital Management LP acquired a new stake in shares of Despegar.com in the 1st quarter valued at about $5,980,000. SkyView Investment Advisors LLC raised its holdings in Despegar.com by 2.1% during the first quarter. SkyView Investment Advisors LLC now owns 232,579 shares of the company's stock worth $2,782,000 after buying an additional 4,727 shares during the last quarter. Adalta Capital Management LLC acquired a new position in shares of Despegar.com during the first quarter valued at about $120,000. Tidal Investments LLC acquired a new position in shares of Despegar.com during the first quarter valued at about $4,534,000. Finally, Sylebra Capital LLC increased its position in shares of Despegar.com by 236.2% during the first quarter. Sylebra Capital LLC now owns 1,694,451 shares of the company's stock worth $20,266,000 after acquiring an additional 1,190,463 shares in the last quarter. Institutional investors and hedge funds own 67.93% of the company's stock.
Despegar.com Stock Performance
The company has a market cap of $986.94 million, a price-to-earnings ratio of -57.46 and a beta of 2.03. The stock's fifty day moving average is $12.00 and its two-hundred day moving average is $9.81.
Despegar.com Company Profile
(
Get Free Report)
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.
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