NYSE:DESP Despegar.com (DESP) Stock Forecast, Price & News $7.23 -0.04 (-0.55%) (As of 09/22/2023 ET) Add Compare Share Share Today's Range$7.17▼$7.3550-Day Range$6.91▼$8.6052-Week Range$4.44▼$9.45Volume171,985 shsAverage Volume195,246 shsMarket Capitalization$477.61 millionP/E RatioN/ADividend YieldN/APrice Target$9.75 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Despegar.com MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside34.9% Upside$9.75 Price TargetShort InterestHealthy0.71% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth30.43%From $0.46 to $0.60 Per ShareSee Full Details Hide Full Details 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 starsTransportation Sector62nd out of 114 stocksTransportation Services Industry7th out of 17 stocks 3.5 Analyst's Opinion Consensus RatingDespegar.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/DownsideAccording 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 CoverageDespegar.com has only been the subject of 2 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.71% of the float of Despegar.com has been sold short.Short Interest Ratio / Days to CoverDespegar.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 monthShort interest in Despegar.com has recently decreased by 11.97%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldDespegar.com does not currently pay a dividend.Dividend GrowthDespegar.com does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for DESP. Previous Next 0.6 News and Social Media Coverage Search Interest2 people have searched for DESP on MarketBeat in the last 30 days. MarketBeat FollowsOnly 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. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Despegar.com insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.20% of the stock of Despegar.com is held by insiders.Percentage Held by Institutions57.48% of the stock of Despegar.com is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings 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 MarketThe 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. SectorThe 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. Previous Next See Top Rated MarketRank™ Stocks Here About Despegar.com (NYSE:DESP) StockDespegar.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.Read More DESP Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart DESP Stock News HeadlinesSeptember 1, 2023 | markets.businessinsider.com‘60% Upside Is in the Cards,’ Says Morgan Stanley Regarding These 2 Buy-Rated StocksAugust 31, 2023 | msn.com‘60% Upside Is in the Cards,’ Says Morgan Stanley About These 2 Buy-Rated StocksSeptember 24, 2023 | Chaikin Analytics (Ad)His system isolated NVIDIA - Here's His Next Buy.Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.August 31, 2023 | msn.comDespegar.com (DESP) Price Target Increased by 17.65% to 10.20August 26, 2023 | msn.comDespegar.com: Strong Earnings Recovery And Brazilian Growth EncouragingAugust 21, 2023 | finance.yahoo.comDespegar.com, Corp. (NYSE:DESP) Q2 2023 Earnings Call TranscriptAugust 20, 2023 | seekingalpha.comDespegar.com, Corp. 2023 Q2 - Results - Earnings Call PresentationAugust 17, 2023 | skift.comDespegar Is Opening Stores in Brazil and ArgentinaSeptember 24, 2023 | Chaikin Analytics (Ad)"This Could be the Biggest Stock Story of 2023"A.I. is set to create $7 trillion in new wealth but most investors are buying the wrong stocks. Learn what Wall Street insiders are buying here.August 17, 2023 | sfgate.comDespegar.com: Q2 Earnings SnapshotAugust 17, 2023 | finance.yahoo.comDespegar.com (DESP) Q2 Earnings and Revenues Surpass EstimatesAugust 17, 2023 | msn.comDespegar.com GAAP EPS of $0.25 beats by $0.32, revenue of $165.5M beats by $6.73MAugust 17, 2023 | finance.yahoo.comDespegar.com Announces 2Q23 Financial ResultsAugust 16, 2023 | msn.comSuper Group Q2 Earnings PreviewAugust 10, 2023 | finance.yahoo.comDoes This Valuation Of Despegar.com, Corp. (NYSE:DESP) Imply Investors Are Overpaying?August 3, 2023 | finance.yahoo.comDespegar.com Appoints Chief Financial OfficerAugust 1, 2023 | finance.yahoo.comCorrecting Dial-in Access Procedure for Despegar.com Second Quarter 2023 Financial Results Conference CallJuly 31, 2023 | finance.yahoo.comDespegar.com Announces Second Quarter 2023 Financial Results Call and WebcastJuly 19, 2023 | barrons.comFalto De Turistas Occidentales, Irán Se Abre A Los Países VecinosJuly 17, 2023 | finance.yahoo.comWith 59% institutional ownership, Despegar.com, Corp. (NYSE:DESP) is a favorite amongst the big gunsJuly 16, 2023 | sfgate.comIndia lanza nave hacia el lado oscuro de la LunaJuly 1, 2023 | finance.yahoo.comIs Now An Opportune Moment To Examine Despegar.com, Corp. (NYSE:DESP)?June 22, 2023 | benzinga.comDespegar.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.comB. Riley Securities Initiates Coverage of Despegar.com (DESP) with Buy RecommendationJune 22, 2023 | benzinga.comB. Riley Securities Initiates Coverage On Despegar.com with Buy Rating, Announces Price Target of $10June 15, 2023 | seekingalpha.comDespegar.com: Attractive Valuation With Growth PotentialJune 13, 2023 | finance.yahoo.comDespegar.com (NYSE:DESP) shareholders are up 10% this past week, but still in the red over the last five yearsSee More Headlines Receive DESP Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Despegar.com and its competitors with MarketBeat's FREE daily newsletter. Email Address DESP Company Calendar Last Earnings8/17/2023Today9/24/2023Next Earnings (Estimated)11/16/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Transportation services Sub-IndustryN/A SectorTransportation Current SymbolNYSE:DESP Previous SymbolNASDAQ:DESP CUSIPN/A CIK1703141 Webwww.despegar.com.ar Phone541148943500FaxN/AEmployees4,543Year FoundedN/APrice 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 RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)($0.36) Trailing P/E RatioN/A Forward P/E Ratio15.72 P/E GrowthN/ANet Income$-68,520,000.00 Net Margins0.46% Pretax Margin-2.29% Return on EquityN/A Return on Assets-1.36% Debt Debt-to-Equity RatioN/A Current Ratio0.81 Quick Ratio0.81 Sales & Book Value Annual Sales$537.97 million Price / Sales0.89 Cash FlowN/A Price / Cash FlowN/A Book Value($1.92) per share Price / Book-3.77Miscellaneous Outstanding Shares66,060,000Free Float65,263,000Market Cap$477.61 million OptionableNot Optionable Beta1.97 Ten Starter Stocks For Beginners to Buy NowJust getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.Get This Free Report Key ExecutivesMr. Damian Scokin (Age 57)CEO & Director Mr. Martin Rastellino (Age 53)Co-Founder & Director Mr. Amit Singh (Age 45)Chief Financial Officer Mr. Alejandro SteinHead of OperationsMr. Gonzalo Garcia Estebarena (Age 43)Chief Technology Officer Natalia NirenbergHead of Investor RelationsMs. Monica Alexandra Soares da Silva (Age 49)Gen. Counsel Andrés PatettaChief Marketing OfficerMr. Sebastian Mackinnon (Age 52)Chief Travel Partners & Corp. Affairs Mr. Pablo Montivero Araya (Age 54)Chief Bus. Devel. Officer More ExecutivesKey CompetitorsDasekeNASDAQ:DSKEShengfeng DevelopmentNASDAQ:SFWLP.A.M. Transportation ServicesNASDAQ:PTSITeekayNYSE:TKArdmore ShippingNYSE:ASCView All CompetitorsInstitutional OwnershipWolverine Trading LLCBought 10,027 shares on 8/23/2023Ownership: 0.015%KB Financial Partners LLCSold 6,162 shares on 8/15/2023Ownership: 0.272%Goldman Sachs Group Inc.Sold 5,860 shares on 8/15/2023Ownership: 0.073%Quadrature Capital LtdBought 6,720 shares on 8/15/2023Ownership: 0.030%Citadel Advisors LLCSold 1,400 shares on 8/15/2023Ownership: 0.000%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. 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