NYSE:DESPDespegar.com Stock Price, Forecast & News

Despegar.com's stock was trading at $9.06 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, DESP shares have decreased by 11.0% and is now trading at $8.06. View which stocks have been most impacted by Coronavirus.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Despegar.com in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Despegar.com.

Despegar.com is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Despegar.com.

Despegar.com Corp (NYSE:DESP) posted its earnings results on Thursday, March, 5th. The company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.08. The business earned $145.60 million during the quarter, compared to the consensus estimate of $131.12 million. Despegar.com had a negative net margin of 8.13% and a negative return on equity of 17.22%. The company's quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.04 EPS. View Despegar.com's earnings history.

Despegar.com issued an update on its first quarter 2020 Pre-Market earnings guidance on Monday, April, 13th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $78-78 million, compared to the consensus revenue estimate of $96.92 million.

3 equities research analysts have issued 1 year target prices for Despegar.com's stock. Their forecasts range from $6.50 to $15.00. On average, they anticipate Despegar.com's share price to reach $9.50 in the next twelve months. This suggests a possible upside of 17.9% from the stock's current price. View analysts' price targets for Despegar.com.

Media stories about DESP stock have been trending somewhat positive this week, according to InfoTrie Sentiment. The research group identifies negative and positive news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Despegar.com earned a coverage optimism score of 1.7 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the stock's share price in the next several days. View the latest news aboutDespegar.com.

Despegar.com saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 729,700 shares, a drop of 6.0% from the April 30th total of 775,900 shares. Based on an average trading volume of 509,200 shares, the days-to-cover ratio is currently 1.4 days. Approximately 1.3% of the company's stock are sold short. View Despegar.com's Current Options Chain.

Some companies that are related to Despegar.com include MakeMyTrip (MMYT), National Express Group (NXPGF), The Providence Service (PRSC), Lindblad Expeditions (LIND), Diamond S Shipping (DSSI), Daseke (DSKE), Tuniu (TOUR), Yatra Online (YTRA), Leafbuyer Technologies (LBUY) and Tempus Applied Solutions (TMPS). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Despegar.com investors own include Adaptimmune Therapeutics (ADAP), Autolus Therapeutics (AUTL), BorgWarner (BWA), Canopy Growth (CGC), Fresenius Medical Care AG & Co. (FMS), Galmed Pharmaceuticals (GLMD), Invesco (IVZ), Supernus Pharmaceuticals (SUPN), Teva Pharmaceutical Industries (TEVA) and Verizon Communications (VZ).

(DESP) raised $314 million in an initial public offering (IPO) 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 served 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 Global Thematic Partners LLC (3.06%), Fiera Capital Corp (2.32%), Mitsubishi UFJ Trust & Banking Corp (1.50%), BlackRock Inc. (1.47%), Jupiter Asset Management Ltd. (1.16%) and Morgan Stanley (0.85%).

DESP stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Deutsche Bank AG, BlackRock Inc., RBF Capital LLC, and Invesco Ltd..

DESP stock was purchased by a variety of institutional investors in the last quarter, including Fiera Capital Corp, Global Thematic Partners LLC, Engineers Gate Manager LP, Athanor Capital LP, Jupiter Asset Management Ltd., Mitsubishi UFJ Trust & Banking Corp, Capital International Investors, and Alliancebernstein L.P..

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

One share of DESP stock can currently be purchased for approximately $8.06.

Despegar.com has a market capitalization of $561.38 million and generates $524.88 million in revenue each year. The company earns $-2,090,000.00 in net income (profit) each year or ($0.13) on an earnings per share basis. Despegar.com employs 3,029 workers across the globe.

Despegar.com's mailing address is JUANA MANSO 999, BUENOS AIRES C1, C1107CBR. The company can be reached via phone at 54-11-4894-3500.