Despegar.com (NYSE:DESP) Rating Reiterated by Citigroup

Despegar.com (NYSE:DESP)‘s stock had its “neutral” rating reissued by analysts at Citigroup in a research report issued on Monday, Marketbeat.com reports. They presently have a $14.50 price objective on the stock, up from their prior price objective of $11.50. Citigroup’s target price would suggest a potential upside of 19.05% from the company’s current price.

Several other research analysts also recently issued reports on the company. Cantor Fitzgerald restated an “overweight” rating and set a $14.00 price objective on shares of Despegar.com in a research report on Friday, March 22nd. B. Riley restated a “buy” rating and set a $16.00 price objective (up from $15.00) on shares of Despegar.com in a research report on Friday, March 15th.

Despegar.com Trading Down 3.9 %

DESP stock opened at $12.18 on Monday. The firm has a 50 day moving average of $11.00 and a 200-day moving average of $9.29. Despegar.com has a 12-month low of $4.92 and a 12-month high of $13.23. The company has a market cap of $804.61 million, a price-to-earnings ratio of -46.84 and a beta of 2.05.

Institutional Trading of Despegar.com

Hedge funds and other institutional investors have recently bought and sold shares of the company. Activest Wealth Management purchased a new stake in Despegar.com in the 1st quarter worth approximately $39,000. Tucker Asset Management LLC purchased a new stake in shares of Despegar.com during the 4th quarter valued at $40,000. Tower Research Capital LLC TRC grew its stake in shares of Despegar.com by 83.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,617 shares of the company’s stock valued at $44,000 after buying an additional 2,104 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Despegar.com during the 3rd quarter valued at $74,000. Finally, Counterpoint Mutual Funds LLC purchased a new stake in shares of Despegar.com during the 4th quarter valued at $99,000. 67.93% of the stock is owned by hedge funds and other institutional investors.

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.