Despegar.com, Corp. (NYSE:DESP - Free Report) - Investment analysts at B. Riley decreased their Q2 2024 earnings per share (EPS) estimates for Despegar.com in a report released on Friday, May 17th. B. Riley analyst N. Khan now anticipates that the company will post earnings per share of $0.14 for the quarter, down from their prior forecast of $0.15. B. Riley currently has a "Buy" rating and a $19.00 target price on the stock. The consensus estimate for Despegar.com's current full-year earnings is $0.76 per share. B. Riley also issued estimates for Despegar.com's Q3 2024 earnings at $0.20 EPS, Q4 2024 earnings at $0.43 EPS, FY2024 earnings at $0.96 EPS and FY2025 earnings at $1.49 EPS.
DESP has been the subject of a number of other reports. Cantor Fitzgerald raised their price objective on shares of Despegar.com from $14.00 to $17.00 and gave the company an "overweight" rating in a research report on Friday. Citigroup restated a "neutral" rating and set a $14.50 price target (up from $11.50) on shares of Despegar.com in a research report on Monday, April 29th.
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Despegar.com Stock Down 1.1 %
DESP stock traded down $0.17 during mid-day trading on Monday, reaching $14.77. 998,883 shares of the company traded hands, compared to its average volume of 710,195. The company has a fifty day moving average price of $12.10 and a 200-day moving average price of $9.91. Despegar.com has a 52-week low of $5.55 and a 52-week high of $15.54.
Institutional Investors Weigh In On Despegar.com
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ieq Capital LLC purchased a new stake in shares of Despegar.com during the 3rd quarter valued at $269,000. Quantbot Technologies LP purchased a new stake in shares of Despegar.com during the 3rd quarter valued at $74,000. Campbell & CO Investment Adviser LLC raised its position in shares of Despegar.com by 186.6% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 72,523 shares of the company's stock valued at $526,000 after buying an additional 47,218 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in Despegar.com by 1.8% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,623,787 shares of the company's stock worth $26,272,000 after purchasing an additional 63,650 shares during the period. Finally, Artisan Partners Limited Partnership raised its position in Despegar.com by 13.1% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,808,162 shares of the company's stock worth $13,109,000 after purchasing an additional 210,128 shares during the period. 67.93% of the stock is owned by hedge funds and other institutional investors.
Despegar.com Company Profile
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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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