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. Based on an average daily volume of 1,180,000 shares, the short-interest ratio is presently 4.7 days. Approximately 9.9% of the shares of the company are sold short.
Despegar.com Trading Up 0.1 %
Shares of DESP stock traded up $0.01 during trading hours on Friday, hitting $11.71. 722,282 shares of the company were exchanged, compared to its average volume of 877,550. Despegar.com has a 1 year low of $6.09 and a 1 year high of $15.82. The firm has a fifty day moving average of $13.82 and a 200 day moving average of $11.66.
Despegar.com (NYSE:DESP – Get Free Report) last issued its earnings results on Thursday, May 16th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.06. The firm had revenue of $173.66 million for the quarter, compared to analysts’ expectations of $172.23 million. Despegar.com had a negative return on equity of 44.06% and a net margin of 5.41%. As a group, equities analysts forecast that Despegar.com will post 0.83 EPS for the current year.
Institutional Trading of Despegar.com
Wall Street Analyst Weigh In
DESP has been the topic of a number of research reports. Cantor Fitzgerald upped their price target on Despegar.com from $14.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. B. Riley boosted their target price on Despegar.com from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Finally, Citigroup raised their price target on Despegar.com from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday.
Get Our Latest Analysis on DESP
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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