(NYSE:DESP) Shares Gap Down to $14.36, Corp. (NYSE:DESPGet Free Report)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $14.36, but opened at $13.81. shares last traded at $13.80, with a volume of 188,691 shares traded.

Wall Street Analyst Weigh In

DESP has been the topic of a number of recent research reports. B. Riley raised their price objective on from $16.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Cantor Fitzgerald raised their price target on from $14.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Finally, Citigroup reiterated a “neutral” rating and issued a $14.50 price objective (up previously from $11.50) on shares of in a research report on Monday, April 29th.

Read Our Latest Analysis on Stock Down 5.7 %

The firm’s fifty day moving average is $13.30 and its two-hundred day moving average is $10.78. (NYSE:DESPGet Free Report) last posted its quarterly earnings results 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 company had revenue of $173.66 million for the quarter, compared to the consensus estimate of $172.23 million. had a negative return on equity of 44.06% and a net margin of 5.41%. On average, equities analysts expect that, Corp. will post 0.76 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Activest Wealth Management purchased a new position in in the 1st quarter worth about $39,000. Tucker Asset Management LLC bought a new position in during the fourth quarter valued at approximately $40,000. Tower Research Capital LLC TRC grew its position in by 83.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,617 shares of the company’s stock worth $44,000 after purchasing an additional 2,104 shares during the period. Hood River Capital Management LLC bought a new stake in shares of in the first quarter worth $101,000. Finally, Adalta Capital Management LLC bought a new stake in shares of during the 1st quarter valued at about $120,000. 67.93% of the stock is owned by hedge funds and other institutional investors.


(Get Free Report), 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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