NYSE:DESP

Despegar.com (DESP) Stock Forecast, Price & News

$7.23

-0.04 (-0.55%)

(As of 09/22/2023 ET)

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Today's Range: $7.17
▼
$7.35
50-Day Range: $6.91
▼
$8.60
52-Week Range: $4.44
▼
$9.45

Volume: 171,985 shs
Average Volume: 195,246 shs
Market Capitalization: $477.61 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $9.75

Despegar.com MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 34.9% Upside
$9.75 Price Target
Short Interest: Healthy
0.71% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 30.43%
From $0.46 to $0.60 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.29 out of 5 stars

Transportation Sector

62nd out of 114 stocks

Transportation Services Industry

7th out of 17 stocks

3.5

Analyst's Opinion

Consensus Rating
Despegar.com has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $9.75, Despegar.com has a forecasted upside of 34.9% from its current price of $7.23.
Amount of Analyst Coverage
Despegar.com has only been the subject of 2 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.71% of the float of Despegar.com has been sold short.
Short Interest Ratio / Days to Cover
Despegar.com has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Despegar.com has recently decreased by 11.97%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Despegar.com does not currently pay a dividend.
Dividend Growth
Despegar.com does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for DESP.

0.6

News and Social Media Coverage

Search Interest
2 people have searched for DESP on MarketBeat in the last 30 days.
MarketBeat Follows
Only 1 people have added Despegar.com to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Despegar.com insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.20% of the stock of Despegar.com is held by insiders.
Percentage Held by Institutions
57.48% of the stock of Despegar.com is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Despegar.com are expected to grow by 30.43% in the coming year, from $0.46 to $0.60 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Despegar.com is -20.08, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Despegar.com is -20.08, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

See Top Rated MarketRank™ Stocks Here

About Despegar.com (NYSE:DESP) Stock

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. It sells airline tickets, travel packages, hotel rooms, car rentals, bus and cruise tickets, travel insurance, destination services, and other travel-related products, which enable consumers to find, compare, plan, and purchase travel products through its marketplace. The company also provides a technology platform for its travel suppliers to manage the distribution of their travel products and access to traveler customers. In addition, it offers loan origination services to its travel business' customers and to customers of other merchants in various industries; processing, fraud identification, credit scoring and IT services to travel business, and to third-party merchants; and Koin, an online payment and consumer lending services platform. The company offers travel products and services under the Despegar, Decolar, Best Day, BD Experience, and HotelDo brands. Despegar.com, Corp. was founded in 1999 and is based in Buenos Aires, Argentina.

DESP Price History

30 days | 90 days | 365 days | Advanced Chart

DESP Stock News Headlines

September 1, 2023 | markets.businessinsider.com

‘60% Upside Is in the Cards,’ Says Morgan Stanley Regarding These 2 Buy-Rated Stocks

August 31, 2023 | msn.com

‘60% Upside Is in the Cards,’ Says Morgan Stanley About These 2 Buy-Rated Stocks

September 24, 2023 | Chaikin Analytics (Ad)

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August 31, 2023 | msn.com

Despegar.com (DESP) Price Target Increased by 17.65% to 10.20

August 26, 2023 | msn.com

Despegar.com: Strong Earnings Recovery And Brazilian Growth Encouraging

August 21, 2023 | finance.yahoo.com

Despegar.com, Corp. (NYSE:DESP) Q2 2023 Earnings Call Transcript

August 20, 2023 | seekingalpha.com

Despegar.com, Corp. 2023 Q2 - Results - Earnings Call Presentation

August 17, 2023 | skift.com

Despegar Is Opening Stores in Brazil and Argentina

September 24, 2023 | Chaikin Analytics (Ad)

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August 17, 2023 | sfgate.com

Despegar.com: Q2 Earnings Snapshot

August 17, 2023 | finance.yahoo.com

Despegar.com (DESP) Q2 Earnings and Revenues Surpass Estimates

August 17, 2023 | msn.com

Despegar.com GAAP EPS of $0.25 beats by $0.32, revenue of $165.5M beats by $6.73M

August 17, 2023 | finance.yahoo.com

Despegar.com Announces 2Q23 Financial Results

August 16, 2023 | msn.com

Super Group Q2 Earnings Preview

August 10, 2023 | finance.yahoo.com

Does This Valuation Of Despegar.com, Corp. (NYSE:DESP) Imply Investors Are Overpaying?

August 3, 2023 | finance.yahoo.com

Despegar.com Appoints Chief Financial Officer

August 1, 2023 | finance.yahoo.com

Correcting Dial-in Access Procedure for Despegar.com Second Quarter 2023 Financial Results Conference Call

July 31, 2023 | finance.yahoo.com

Despegar.com Announces Second Quarter 2023 Financial Results Call and Webcast

July 19, 2023 | barrons.com

Falto De Turistas Occidentales, Irán Se Abre A Los Países Vecinos

July 17, 2023 | finance.yahoo.com

With 59% institutional ownership, Despegar.com, Corp. (NYSE:DESP) is a favorite amongst the big guns

July 16, 2023 | sfgate.com

India lanza nave hacia el lado oscuro de la Luna

July 1, 2023 | finance.yahoo.com

Is Now An Opportune Moment To Examine Despegar.com, Corp. (NYSE:DESP)?

June 22, 2023 | benzinga.com

Despegar.Com shares are trading higher after B. Riley Securities initiated coverage on the stock with a Buy rating and $10 price target.

June 22, 2023 | nasdaq.com

B. Riley Securities Initiates Coverage of Despegar.com (DESP) with Buy Recommendation

June 22, 2023 | benzinga.com

B. Riley Securities Initiates Coverage On Despegar.com with Buy Rating, Announces Price Target of $10

June 15, 2023 | seekingalpha.com

Despegar.com: Attractive Valuation With Growth Potential

June 13, 2023 | finance.yahoo.com

Despegar.com (NYSE:DESP) shareholders are up 10% this past week, but still in the red over the last five years

See More Headlines

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DESP Company Calendar

Last Earnings: 8/17/2023
Today: 9/24/2023
Next Earnings (Estimated): 11/16/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Transportation services
Sub-Industry: N/A
Sector: Transportation
Current Symbol: NYSE:DESP
Previous Symbol: NASDAQ:DESP
CUSIP: N/A
CIK: 1703141
Web: www.despegar.com.ar
Phone: 541148943500
Fax: N/A
Employees: 4,543
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $9.75
High Stock Price Forecast: $13.00
Low Stock Price Forecast: $7.00
Forecasted Upside/Downside: +34.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.36)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 15.72
P/E Growth: N/A
Net Income: $-68,520,000.00
Net Margins: 0.46%
Pretax Margin: -2.29%
Return on Equity: N/A
Return on Assets: -1.36%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.81
Quick Ratio: 0.81

Sales & Book Value

Annual Sales: $537.97 million
Price / Sales: 0.89
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: ($1.92) per share
Price / Book: -3.77

Miscellaneous

Outstanding Shares: 66,060,000
Free Float: 65,263,000
Market Cap: $477.61 million
Optionable: Not Optionable
Beta: 1.97

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Key Executives

Mr. Damian Scokin (Age 57)
CEO & Director

Mr. Martin Rastellino (Age 53)
Co-Founder & Director

Mr. Amit Singh (Age 45)
Chief Financial Officer

Mr. Alejandro Stein
Head of Operations

Mr. Gonzalo Garcia Estebarena (Age 43)
Chief Technology Officer

Natalia Nirenberg
Head of Investor Relations

Ms. Monica Alexandra Soares da Silva (Age 49)
Gen. Counsel

Andrés Patetta
Chief Marketing Officer

Mr. Sebastian Mackinnon (Age 52)
Chief Travel Partners & Corp. Affairs

Mr. Pablo Montivero Araya (Age 54)
Chief Bus. Devel. Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

DESP Stock - Frequently Asked Questions

Should I buy or sell Despegar.com stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Despegar.com in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" DESP shares.
View DESP analyst ratings or view top-rated stocks.
What is Despegar.com's stock price forecast for 2023?: 2 analysts have issued 12 month price targets for Despegar.com's shares. Their DESP share price forecasts range from $7.00 to $13.00. On average, they anticipate the company's stock price to reach $9.75 in the next twelve months. This suggests a possible upside of 34.9% from the stock's current price.
View analysts price targets for DESP or view top-rated stocks among Wall Street analysts.
How have DESP shares performed in 2023?: Despegar.com's stock was trading at $5.13 on January 1st, 2023. Since then, DESP stock has increased by 40.9% and is now trading at $7.23.
View the best growth stocks for 2023 here.
Are investors shorting Despegar.com?: Despegar.com saw a decrease in short interest in August. As of August 31st, there was short interest totaling 392,000 shares, a decrease of 12.0% from the August 15th total of 445,300 shares. Based on an average daily volume of 199,800 shares, the days-to-cover ratio is presently 2.0 days. Approximately 0.7% of the company's shares are sold short.
View Despegar.com's Short Interest.
When is Despegar.com's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 16th 2023.
View our DESP earnings forecast.
How were Despegar.com's earnings last quarter?: Despegar.com, Corp. (NYSE:DESP) announced its quarterly earnings data on Thursday, August, 17th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.02. The company had revenue of $165.52 million for the quarter, compared to analysts' expectations of $160.50 million.
What ETFs hold Despegar.com's stock?: 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).
What guidance has Despegar.com issued on next quarter's earnings?: Despegar.com issued an update on its FY 2023 earnings guidance on Thursday, August, 17th. The company provided earnings per share (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 $669.48 million.

What is Damian Scokin's approval rating as Despegar.com's CEO?: 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.
What other stocks do shareholders of Despegar.com own?: 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), Avadel Pharmaceuticals (AVDL), BorgWarner (BWA) and electroCore (ECOR).
When did Despegar.com IPO?: (DESP) raised $314 million in an initial public offering (IPO) on Wednesday, September 20th 2017. The company issued 12,800,000 shares at $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.
What is Despegar.com's stock symbol?: Despegar.com trades on the New York Stock Exchange (NYSE) under the ticker symbol "DESP."
Who are Despegar.com's major shareholders?: Despegar.com's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Mitsubishi UFJ Trust & Banking Corp (5.39%), Bares Capital Management Inc. (3.51%), Artisan Partners Limited Partnership (2.42%), TimesSquare Capital Management LLC (0.51%), JPMorgan Chase & Co. (0.50%) and SkyView Investment Advisors LLC (0.35%).
How do I buy shares of Despegar.com?: 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.
Compare Top Brokerages Here.
What is Despegar.com's stock price today?: One share of DESP stock can currently be purchased for approximately $7.23.
How much money does Despegar.com make?: Despegar.com (NYSE:DESP) has a market capitalization of $477.61 million and generates $537.97 million in revenue each year. The company earns $-68,520,000.00 in net income (profit) each year or ($0.36) on an earnings per share basis.
How many employees does Despegar.com have?: The company employs 4,543 workers across the globe.
How can I contact Despegar.com?: 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.

This page (NYSE:DESP) was last updated on 9/24/2023 by MarketBeat.com Staff

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