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) released its quarterly earnings results on Thursday, November, 7th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.02. The firm had revenue of $132 million for the quarter, compared to analysts' expectations of $123.21 million. Despegar.com had a negative return on equity of 6.54% and a negative net margin of 2.98%. The company's revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.02) EPS. 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.

2 brokerages have issued 12-month price objectives for Despegar.com's stock. Their forecasts range from $14.00 to $19.00. On average, they anticipate Despegar.com's share price to reach $16.50 in the next twelve months. This suggests a possible upside of 25.2% 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.

Media stories about DESP stock have trended somewhat positive this week, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Despegar.com earned a daily sentiment score of 1.0 on InfoTrie's scale. They also gave media coverage 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 future. View News Stories for Despegar.com.

Despegar.com saw a decline in short interest in the month of December. As of December 31st, there was short interest totalling 533,200 shares, a decline of 15.3% from the December 15th total of 629,800 shares. Based on an average trading volume of 264,300 shares, the days-to-cover ratio is currently 2.0 days. Currently, 0.9% of the shares of the company are sold short. View Despegar.com's Current Options Chain.

Some companies that are related to Despegar.com include GATX (GATX), MakeMyTrip (MMYT), National Express Group (NXPGF), Lindblad Expeditions (LIND), The Providence Service (PRSC), Diamond S Shipping (DSSI), Tuniu (TOUR), Daseke (DSKE), 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 many different of institutional and retail investors. Top institutional shareholders include Global Thematic Partners LLC (2.71%).

DESP stock was purchased by a variety of institutional investors in the last quarter, including Global Thematic Partners LLC.

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 $13.18.

Despegar.com has a market capitalization of $911.56 million 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.