Despegar.com (DESP) Stock Price, News & Analysis

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Despegar.com in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DESP shares.
View DESP analyst ratings or view top-rated stocks.

3 equities research analysts have issued 1-year price targets for Despegar.com's shares. Their DESP share price targets range from $13.00 to $16.00. On average, they predict the company's share price to reach $14.33 in the next year. This suggests a possible upside of 24.2% from the stock's current price.
View analysts price targets for DESP or view top-rated stocks among Wall Street analysts.

Despegar.com's stock was trading at $9.46 at the beginning of 2024. Since then, DESP shares have increased by 22.0% and is now trading at $11.54.
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Despegar.com saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 1,360,000 shares, an increase of 293.2% from the March 15th total of 345,900 shares. Based on an average daily trading volume, of 567,800 shares, the short-interest ratio is presently 2.4 days. Approximately 2.5% of the company's stock are short sold.
View Despegar.com's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 16th 2024.
View our DESP earnings forecast.

Despegar.com, Corp. (NYSE:DESP) announced its quarterly earnings results on Wednesday, November, 17th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.32) by $0.06. The business had revenue of $83.37 million for the quarter, compared to analyst estimates of $74.70 million. Despegar.com had a negative trailing twelve-month return on equity of 27.86% and a net margin of 4.01%. During the same quarter in the prior year, the business posted ($0.41) EPS.

ETFs with the largest weight of Despegar.com (NYSE:DESP) stock in their portfolio include Amplify Travel Tech ETF (AWAY), Global X MSCI Argentina ETF (ARGT) and Matthews Emerging Markets ex China Active ETF (MEMX).FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ).

Despegar.com issued an update on its FY 2024 earnings guidance on Thursday, March, 14th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $820.0 million-, compared to the consensus revenue estimate of $795.8 million.

90 employees have rated Despegar.com Chief Executive Officer Damian Scokin on Glassdoor.com. Damian Scokin has an approval rating of 72% among the company's employees.

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), Avadel Pharmaceuticals (AVDL), BorgWarner (BWA) and electroCore (ECOR).

Despegar.com (DESP) raised $314 million in an initial public offering (IPO) 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 a number of retail and institutional investors. Top institutional shareholders include Matthews International Capital Management LLC (0.04%) and Harbour Capital Advisors LLC (0.03%).

Shares of DESP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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