Despegar.com Stock Forecast, Price & News

3 Wall Street research 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. The consensus among Wall Street research analysts is that investors should "hold" Despegar.com stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DESP, but not buy additional shares or sell existing shares.
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Wall Street analysts have given Despegar.com a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Despegar.com wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Despegar.com saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 874,200 shares, a drop of 28.9% from the August 15th total of 1,230,000 shares. Based on an average daily trading volume, of 470,700 shares, the short-interest ratio is currently 1.9 days. Approximately 1.6% of the company's shares are sold short.
View Despegar.com's Short Interest.

Despegar.com is scheduled to release its next quarterly earnings announcement on Thursday, November 11th 2021.
View our earnings forecast for Despegar.com.

Despegar.com, Corp. (NYSE:DESP) posted its quarterly earnings results on Wednesday, August, 18th. The company reported ($0.46) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.35) by $0.11. The business had revenue of $63.07 million for the quarter, compared to analyst estimates of $55.40 million. Despegar.com had a negative trailing twelve-month return on equity of 140.97% and a negative net margin of 76.05%.
View Despegar.com's earnings history.

Despegar.com's stock was trading at $9.06 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, DESP stock has increased by 26.5% and is now trading at $11.46.
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3 Wall Street analysts have issued 12-month price objectives for Despegar.com's stock. Their forecasts range from $14.00 to $23.00. On average, they expect Despegar.com's share price to reach $18.50 in the next twelve months. This suggests a possible upside of 61.4% from the stock's current price.
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90 employees have rated Despegar.com CEO Damian Scokin on Glassdoor.com. Damian Scokin has an approval rating of 72% among Despegar.com's employees.

Some companies that are related to Despegar.com include GATX (GATX), MakeMyTrip (MMYT), ModivCare (MODV), Verra Mobility (VRRM), Astra Space (ASTR), National Express Group (NXPGF), Lindblad Expeditions (LIND), Daseke (DSKE), Holicity (HOL), Tuniu (TOUR), NextPlay Technologies (NXTP), Yatra Online (YTRA), Online Vacation Center (ONVC), MVP (MVPT) and Boomer (BOMH).
View all of DESP's competitors.

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), (AZN), BorgWarner (BWA) and electroCore (ECOR).

(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.

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 institutional and retail investors. Top institutional shareholders include Ancient Art L.P. (5.47%), Cartica Management LLC (3.70%), Mitsubishi UFJ Trust & Banking Corp (2.75%), Alliancebernstein L.P. (2.60%), BlackRock Inc. (1.54%) and Canada Pension Plan Investment Board (1.52%).

DESP stock was sold by a variety of institutional investors in the last quarter, including Jupiter Asset Management Ltd., Roubaix Capital LLC, Lazard Asset Management LLC, Millennium Management LLC, JPMorgan Chase & Co., Walleye Capital LLC, Qube Research & Technologies Ltd, and Penserra Capital Management LLC.

DESP stock was bought by a variety of institutional investors in the last quarter, including Cartica Management LLC, Canada Pension Plan Investment Board, Neuberger Berman Group LLC, Ancient Art L.P., Alliancebernstein L.P., Morgan Stanley, Morgan Stanley, and Point72 Asset Management 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 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 $11.46.

Despegar.com has a market capitalization of $803.33 million and generates $131.30 million in revenue each year. The company earns $-142,590,000.00 in net income (profit) each year or ($0.94) on an earnings per share basis.

Despegar.com employs 3,577 workers across the globe.

The official website for Despegar.com is www.despegar.com.ar.

Despegar.com is headquartered at JUANA MANSO 999, BUENOS AIRES C1, C1107CBR.

Despegar.com's mailing address is JUANA MANSO 999, BUENOS AIRES C1, C1107CBR. The company can be reached via phone at 541148943500.