Research Analysts Offer Predictions for Despegar.com, Corp.’s FY2028 Earnings (NYSE:DESP)
Despegar.com, Corp. (NYSE:DESP – Free Report) – Equities researchers at B. Riley issued their FY2028 EPS estimates for shares of Despegar.com in a note issued to investors on Monday, March 11th. B. Riley analyst N. Khan expects that the company will post earnings of $1.67 per share for the year. B. Riley has a “Buy” rating and a $15.00 price target on the stock.
Separately, Cantor Fitzgerald initiated coverage on shares of Despegar.com in a research note on Thursday, March 7th. They set an “overweight” rating and a $11.00 price target on the stock.
Read Our Latest Research Report on DESP
Despegar.com Price Performance
Despegar.com stock traded up $0.46 during midday trading on Thursday, hitting $10.07. 78,549 shares of the stock were exchanged, compared to its average volume of 308,523. Despegar.com has a 1 year low of $4.91 and a 1 year high of $10.27. The firm has a market cap of $665.22 million, a P/E ratio of -36.92 and a beta of 2.01. The company has a 50 day moving average price of $9.00 and a two-hundred day moving average price of $8.20.
Institutional Trading of Despegar.com
A number of hedge funds and other institutional investors have recently made changes to their positions in DESP. Bares Capital Management Inc. increased its position in shares of Despegar.com by 9.2% in the second quarter. Bares Capital Management Inc. now owns 2,320,090 shares of the company’s stock worth $16,357,000 after acquiring an additional 196,369 shares in the last quarter. Loomis Sayles & Co. L P increased its position in shares of Despegar.com by 139.3% in the third quarter. Loomis Sayles & Co. L P now owns 673,966 shares of the company’s stock worth $4,886,000 after acquiring an additional 392,366 shares in the last quarter. Quadrature Capital Ltd increased its position in shares of Despegar.com by 117.0% in the third quarter. Quadrature Capital Ltd now owns 43,012 shares of the company’s stock worth $311,000 after acquiring an additional 23,195 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Despegar.com by 1.8% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,623,787 shares of the company’s stock worth $26,272,000 after acquiring an additional 63,650 shares in the last quarter. Finally, Artisan Partners Limited Partnership grew its position in Despegar.com by 13.1% during the third quarter. Artisan Partners Limited Partnership now owns 1,808,162 shares of the company’s stock valued at $13,109,000 after purchasing an additional 210,128 shares in the last quarter. 57.48% of the stock is currently owned by institutional investors.
About Despegar.com
Despegar.com, Corp., an online travel company, provides a range of travel and travel-related products to leisure and corporate travelers through its websites and mobile applications in Latin America and the United States. The company operates in two segments, Travel Business and Financial Services Business.
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