Despegar.com (NYSE:DESP) Price Target Increased to $15.00 by Analysts at Citigroup

Despegar.com (NYSE:DESP) had its target price boosted by Citigroup from $14.50 to $15.00 in a research report released on Monday morning, Benzinga reports. Citigroup currently has a neutral rating on the stock.

Several other brokerages have also recently commented on DESP. B. Riley lifted their price target on shares of Despegar.com from $16.00 to $19.00 and gave the stock a buy rating in a research report on Friday, May 17th. Cantor Fitzgerald increased their price target on Despegar.com from $14.00 to $17.00 and gave the company an overweight rating in a research note on Friday, May 17th.

Despegar.com Trading Down 5.1 %

Shares of DESP stock opened at $12.22 on Monday. The firm’s 50 day moving average is $13.84 and its 200-day moving average is $11.65. Despegar.com has a 1 year low of $6.09 and a 1 year high of $15.82.

Despegar.com (NYSE:DESP) last posted its quarterly earnings data on Thursday, May 16th. The company reported $0.18 earnings per share (EPS) 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 the consensus estimate of $172.23 million. Despegar.com had a negative return on equity of 44.06% and a net margin of 5.41%. Equities research analysts anticipate that Despegar.com will post 0.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wealthsource Partners LLC increased its stake in Despegar.com by 1.9% in the fourth quarter. Wealthsource Partners LLC now owns 59,799 shares of the company’s stock valued at $566,000 after purchasing an additional 1,122 shares in the last quarter. Quantbot Technologies LP grew its stake in Despegar.com by 4.8% in the first quarter. Quantbot Technologies LP now owns 31,462 shares of the company’s stock valued at $376,000 after acquiring an additional 1,452 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Despegar.com by 83.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,617 shares of the company’s stock worth $44,000 after acquiring an additional 2,104 shares in the last quarter. Altfest L J & Co. Inc. increased its holdings in shares of Despegar.com by 4.7% in the first quarter. Altfest L J & Co. Inc. now owns 48,505 shares of the company’s stock worth $580,000 after acquiring an additional 2,179 shares in the last quarter. Finally, Activest Wealth Management acquired a new position in shares of Despegar.com in the 1st quarter valued at approximately $39,000. Institutional investors own 67.93% of the company’s stock.

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.