NYSE:DESP - Despegar.com Stock Price, Forecast & News

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

Despegar.com Corp (NYSE:DESP) announced its quarterly earnings results on Thursday, November, 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.02. The company earned $132 million during the quarter, compared to the consensus estimate of $123.21 million. Despegar.com had a negative net margin of 2.98% and a negative return on equity of 6.54%. The company's revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.02) earnings per share. View Despegar.com's Earnings History.

Despegar.com is scheduled to release their next quarterly earnings announcement on Thursday, March 5th 2020. View Earnings Estimates for Despegar.com.

Despegar.com will be holding an earnings conference call on Thursday, March 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

2 brokerages have issued 12 month price targets for Despegar.com's stock. Their forecasts range from $14.00 to $19.00. On average, they expect Despegar.com's stock price to reach $16.50 in the next year. This suggests a possible upside of 12.2% from the stock's current price. View Analyst Price Targets for Despegar.com.

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

News headlines about DESP stock have been trending somewhat positive on Monday, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Despegar.com earned a coverage optimism score of 2.0 on InfoTrie's scale. They also gave headlines about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the near term. View News Stories for Despegar.com.

Despegar.com saw a drop in short interest in January. As of January 15th, there was short interest totalling 533,200 shares, a drop of 15.3% from the December 31st total of 629,800 shares. Based on an average daily trading volume, of 255,700 shares, the days-to-cover ratio is presently 2.1 days. Approximately 0.9% of the company's stock are short sold. View Despegar.com's Current Options Chain.

Some companies that are related to Despegar.com include MakeMyTrip (MMYT), GATX (GATX), 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).

Based on aggregate information from My MarketBeat watchlists, some companies that other Despegar.com investors own include Supernus Pharmaceuticals (SUPN), Canopy Growth (CGC), Adaptimmune Therapeutics (ADAP), Autolus Therapeutics (AUTL), Galmed Pharmaceuticals (GLMD), Malibu Boats (MBUU), Pattern Energy Group (PEGI), Stitch Fix (SFIX), BorgWarner (BWA) and Fresenius Medical Care AG & Co. (FMS).

(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 served as the underwriters for the IPO and Itau BBA, UBS Investment Bank, Cowen and KeyBanc Capital Markets were co-managers.

Despegar.com's stock is owned by a number of of retail and institutional investors. Top institutional investors include Dorsey Asset Management LLC (7.23%), Bares Capital Management Inc. (3.16%), Global Thematic Partners LLC (2.71%), Bank of Montreal Can (1.55%), Mitsubishi UFJ Trust & Banking Corp (1.31%) and Jupiter Asset Management Ltd. (0.96%).

DESP stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Bares Capital Management Inc., Great Lakes Advisors LLC, Citigroup Inc., Penserra Capital Management LLC, Charles Schwab Investment Management Inc., Bank of America Corp DE and UBS Group AG.

DESP stock was bought by a variety of institutional investors in the last quarter, including Dorsey Asset Management LLC, Global Thematic Partners LLC, Mitsubishi UFJ Trust & Banking Corp, Capital International Sarl, Oxford Asset Management LLP, Jupiter Asset Management Ltd., California Public Employees Retirement System and Loomis Sayles & Co. 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 $14.70.

Despegar.com has a market capitalization of $1.02 billion and generates $530.61 million in revenue each year. The company earns $19.15 million in net income (profit) each year or $0.27 on an earnings per share basis. Despegar.com employs 3,398 workers across the globe.View Additional Information About Despegar.com.

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.