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

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 brokers have issued 12 month price targets for Despegar.com's stock. Their forecasts range from $14.00 to $19.00. On average, they anticipate Despegar.com's stock price to reach $16.50 in the next twelve months. This suggests a possible upside of 28.2% 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.

Headlines about DESP stock have been trending extremely negative recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Despegar.com earned a media sentiment score of -4.0 on InfoTrie's scale. They also gave headlines about the company a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Despegar.com.

Despegar.com saw a drop in short interest in the month of 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 volume of 255,700 shares, the days-to-cover ratio is presently 2.1 days. Currently, 0.9% of the shares of the stock 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), 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 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 acted 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 retail and institutional investors. Top institutional shareholders 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 $12.87.

Despegar.com has a market capitalization of $890.11 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.