Despegar.com - DESP Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Despegar.com in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" DESP shares.
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4 brokerages have issued twelve-month target prices for Despegar.com's shares. Their DESP share price forecasts range from $6.00 to $10.50. On average, they predict the company's share price to reach $7.88 in the next twelve months. This suggests a possible upside of 28.7% from the stock's current price.
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Despegar.com's stock was trading at $5.13 at the beginning of the year. Since then, DESP shares have increased by 19.3% and is now trading at $6.12.
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Despegar.com saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 917,600 shares, an increase of 26.2% from the January 31st total of 727,000 shares. Based on an average trading volume of 388,900 shares, the days-to-cover ratio is presently 2.4 days. Approximately 1.5% of the shares of the company are sold short.
View Despegar.com's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 18th 2023.
View our DESP earnings forecast.

Despegar.com, Corp. (NYSE:DESP) issued its earnings results on Thursday, March, 16th. The company reported ($0.30) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by $0.27. The business had revenue of $145.54 million for the quarter, compared to analyst estimates of $146.56 million.

ETFs with the largest weight of Despegar.com (NYSE:DESP) stock in their portfolio include ETFMG Travel Tech ETF (AWAY), Global X MSCI Argentina ETF (ARGT) and FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ).Emerging Markets Internet & Ecommerce ETF (EMQQ).

Despegar.com updated its FY 2023 earnings guidance on Thursday, March, 16th. The company provided EPS guidance of for the period. The company issued revenue guidance of $640.00 million-$700.00 million, compared to the consensus revenue estimate of $607.76 million.

90 employees have rated Despegar.com Chief Executive Officer Damian Scokin on Glassdoor.com. Damian Scokin has an approval rating of 72% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Despegar.com investors own include Allena Pharmaceuticals (ALNA), Autolus Therapeutics (AUTL), Invesco (IVZ), Sorrento Therapeutics (SRNE), Akari Therapeutics (AKTX), Ampio Pharmaceuticals (AMPE), Avadel Pharmaceuticals (AVDL), BorgWarner (BWA) and electroCore (ECOR).

(DESP) raised $314 million in an initial public offering on Wednesday, September 20th 2017. The company issued 12,800,000 shares at a price of $23.00-$26.00 per share. Morgan Stanley and Citigroup acted as the underwriters for the IPO and Itau BBA, UBS Investment Bank, Cowen and KeyBanc Capital Markets were co-managers.

Despegar.com trades on the New York Stock Exchange (NYSE) under the ticker symbol "DESP."

Despegar.com's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Neuberger Berman Group LLC (4.97%), Mitsubishi UFJ Trust & Banking Corp (4.34%), Emerging Variant Capital Management LP (3.32%), Bares Capital Management Inc. (2.76%), Artisan Partners Limited Partnership (2.33%) and Cartica Management LLC (2.09%).

Shares of DESP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DESP stock can currently be purchased for approximately $6.12.

Despegar.com (NYSE:DESP) has a market capitalization of $436.05 million and generates $537.97 million in revenue each year. The company earns $-68,530,000.00 in net income (profit) each year or ($1.20) on an earnings per share basis.

The company employs 3,824 workers across the globe.

Despegar.com's mailing address is JUANA MANSO 999, BUENOS AIRES C1, C1107CBR. The official website for the company is www.despegar.com.ar. The company can be reached via phone at 541148943500.