Despegar.com Corp. [NYSE: DESP] gained 2.26% or 0.31 points to close at $14.05 with a heavy trading volume of 1546665 shares. The company report on May 19, 2021 that Despegar.com Announces 1Q21 Financial Results.
Diversification strategy partially offsets lower Gross Bookings in Brazil and Argentina. Excluding both countries, Gross Bookings +11% Quarter-on-Quarter (QoQ).
Revenue Margins up 78 bps QoQ to 14%.
It opened the trading session at $13.90, the shares rose to $14.33 and dropped to $13.85, the range by which the price of stock traded the whole day. The daily chart for DESP points out that the company has recorded 18.57% gains over the past six months. However, it is still -131.09% lower than its most recent low trading price.
If we look at the average trading volume of 457.09K shares, DESP reached to a volume of 1546665 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Despegar.com Corp. [DESP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DESP shares is $15.60 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DESP stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
KeyBanc Capital Markets have made an estimate for Despegar.com Corp. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on March 16, 2021. While these analysts kept the previous recommendation, Citigroup raised their target price from $11 to $13. The new note on the price target was released on January 13, 2021, representing the official price target for Despegar.com Corp. stock. Previously, the target price had yet another drop from $16 to $7, while UBS kept a Neutral rating on DESP stock.
The Average True Range (ATR) for Despegar.com Corp. is set at 0.49, with the Price to Sales ratio for DESP stock in the period of the last 12 months amounting to 9.22. The Price to Book ratio for the last quarter was 20.36.
Trading performance analysis for DESP stock
Despegar.com Corp. [DESP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.23. With this latest performance, DESP shares gained by 5.16% in over the last four-week period, additionally plugging by 18.57% over the last 6 months – not to mention a rise of 90.90% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DESP stock in for the last two-week period is set at 56.32, with the RSI for the last a single of trading hit 59.97, and the three-weeks RSI is set at 54.48 for Despegar.com Corp. [DESP]. The present Moving Average for the last 50 days of trading for this stock 13.45, while it was recorded at 13.68 for the last single week of trading, and 11.52 for the last 200 days.
Despegar.com Corp. [DESP]: A deeper dive into fundamental analysis
Despegar.com Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.
Despegar.com Corp. [DESP]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Despegar.com Corp. posted -0.82/share EPS, while the average EPS was predicted by analysts to be reported at -0.46/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -78.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DESP.
An analysis of insider ownership at Despegar.com Corp. [DESP]
There are presently around $516 million, or 62.40% of DESP stock, in the hands of institutional investors. The top three institutional holders of DESP stocks are: TIGER GLOBAL MANAGEMENT LLC with ownership of 7,723,185, which is approximately -16.565% of the company’s market cap and around 15.05% of the total institutional ownership; DORSEY ASSET MANAGEMENT, LLC, holding 4,639,434 shares of the stock with an approximate value of $65.18 million in DESP stocks shares; and ANCIENT ART, L.P., currently with $46.08 million in DESP stock with ownership of nearly 2.366% of the company’s market capitalization.
48 institutional holders increased their position in Despegar.com Corp. [NYSE:DESP] by around 6,232,615 shares. Additionally, 41 investors decreased positions by around 7,548,529 shares, while 12 investors held positions by with 22,968,148 shares. The mentioned changes placed institutional holdings at 36,749,292 shares, according to the latest SEC report filing. DESP stock had 22 new institutional investments in for a total of 3,178,600 shares, while 11 institutional investors sold positions of 634,537 shares during the same period.