Despegar.com, Corp. (NYSE:DESP – Get Free Report) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 5,840,000 shares, an increase of 6.4% from the July 15th total of 5,490,000 shares. Based on an average daily trading volume, of 1,200,000 shares, the short-interest ratio is currently 4.9 days. Currently, 10.5% of the company’s stock are short sold.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the stock. Citigroup upped their price objective on shares of Despegar.com from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Cantor Fitzgerald reissued an “overweight” rating and issued a $17.00 price objective on shares of Despegar.com in a research report on Friday. Finally, B. Riley upped their target price on shares of Despegar.com from $16.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, May 17th.
View Our Latest Stock Report on DESP
Institutional Investors Weigh In On Despegar.com
Despegar.com Stock Performance
Shares of Despegar.com stock traded down $0.68 during trading on Friday, reaching $10.29. The company had a trading volume of 3,135,803 shares, compared to its average volume of 924,128. Despegar.com has a fifty-two week low of $6.09 and a fifty-two week high of $15.82. The firm’s fifty day moving average is $12.48 and its 200-day moving average is $11.83.
Despegar.com (NYSE:DESP – Get Free Report) last released its quarterly earnings data on Thursday, May 16th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.06. The firm had revenue of $173.66 million for the quarter, compared to analyst estimates of $172.23 million. Despegar.com had a net margin of 5.41% and a negative return on equity of 44.06%. Equities analysts forecast that Despegar.com will post 0.83 earnings per share for the current fiscal year.
Despegar.com Company Profile
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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