Despegar.com, Corp. (NYSE:DESP – Get Free Report) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 5,490,000 shares, an increase of 171.8% from the June 30th total of 2,020,000 shares. Currently, 9.9% of the shares of the company are short sold. Based on an average trading volume of 1,180,000 shares, the short-interest ratio is presently 4.7 days.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on DESP. Citigroup raised their target price on Despegar.com from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday. Cantor Fitzgerald raised their price objective on Despegar.com from $14.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. Finally, B. Riley lifted their price objective on Despegar.com from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, May 17th.
Get Our Latest Stock Analysis on Despegar.com
Institutional Investors Weigh In On Despegar.com
Despegar.com Trading Up 0.1 %
Despegar.com stock traded up $0.01 during mid-day trading on Friday, hitting $11.71. The stock had a trading volume of 722,282 shares, compared to its average volume of 877,550. Despegar.com has a one year low of $6.09 and a one year high of $15.82. The firm’s 50 day moving average is $13.82 and its 200 day moving average is $11.66.
Despegar.com (NYSE:DESP – Get Free Report) last announced its quarterly earnings data on Thursday, May 16th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.12 by $0.06. Despegar.com had a negative return on equity of 44.06% and a net margin of 5.41%. The business had revenue of $173.66 million for the quarter, compared to the consensus estimate of $172.23 million. On average, sell-side analysts anticipate that Despegar.com will post 0.83 earnings per share for the current fiscal year.
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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