10,000 Shares in Despegar.com, Corp. (NYSE:DESP) Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new stake in shares of Despegar.com, Corp. (NYSE:DESP) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,000 shares of the company’s stock, valued at approximately $128,000.

Other hedge funds have also recently modified their holdings of the company. Amalgamated Bank bought a new position in shares of Despegar.com in the second quarter worth about $28,000. LRI Investments LLC purchased a new stake in Despegar.com in the 2nd quarter valued at about $87,000. Hood River Capital Management LLC bought a new position in Despegar.com in the 1st quarter worth about $101,000. Adalta Capital Management LLC purchased a new position in shares of Despegar.com during the first quarter worth approximately $120,000. Finally, MQS Management LLC bought a new stake in shares of Despegar.com during the second quarter valued at approximately $136,000. Institutional investors own 67.93% of the company’s stock.

Despegar.com Stock Performance

Shares of NYSE DESP opened at $14.50 on Tuesday. The business has a fifty day moving average price of $12.32 and a 200 day moving average price of $12.71. Despegar.com, Corp. has a 1-year low of $6.09 and a 1-year high of $15.82.

Despegar.com (NYSE:DESP) last released its quarterly earnings results on Thursday, August 15th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.12. Despegar.com had a net margin of 3.30% and a negative return on equity of 62.18%. The business had revenue of $185.05 million for the quarter, compared to analysts’ expectations of $184.35 million. On average, research analysts predict that Despegar.com, Corp. will post 0.75 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on DESP. Citigroup raised their price objective on Despegar.com from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. TD Cowen increased their target price on shares of Despegar.com from $9.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $17.00 price target on shares of Despegar.com in a report on Friday, August 16th.

Despegar.com 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.