B. Riley Comments on Despegar.com’s Q2 Earnings (NYSE:DESP)

Despegar.com, Corp. (NYSE:DESP) – B. Riley reduced their Q2 2025 earnings per share (EPS) estimates for Despegar.com in a report released on Friday, January 17th. B. Riley analyst N. Khan now anticipates that the company will post earnings of $0.26 per share for the quarter, down from their previous forecast of $0.27. The consensus estimate for Despegar.com’s current full-year earnings is $0.87 per share. B. Riley also issued estimates for Despegar.com’s FY2029 earnings at $2.68 EPS.

DESP has been the topic of a number of other reports. TD Cowen raised Despegar.com from a “sell” rating to a “hold” rating in a research report on Tuesday, December 24th. Morgan Stanley upped their target price on Despegar.com from $17.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Despegar.com presently has an average rating of “Moderate Buy” and an average target price of $17.20.

Despegar.com Stock Up 0.2 %

Shares of DESP stock opened at $19.18 on Monday. The stock’s 50-day moving average is $17.78 and its 200 day moving average is $14.43. Despegar.com has a 1-year low of $8.06 and a 1-year high of $19.55.

Institutional Investors Weigh In On Despegar.com

Hedge funds have recently modified their holdings of the company. Quarry LP increased its holdings in Despegar.com by 107.1% in the 3rd quarter. Quarry LP now owns 2,769 shares of the company’s stock worth $34,000 after acquiring an additional 1,432 shares in the last quarter. Amalgamated Bank acquired a new stake in shares of Despegar.com in the second quarter valued at about $28,000. O Brien Greene & Co. Inc increased its stake in shares of Despegar.com by 4.1% during the third quarter. O Brien Greene & Co. Inc now owns 101,000 shares of the company’s stock worth $1,252,000 after purchasing an additional 4,000 shares in the last quarter. SkyView Investment Advisors LLC raised its position in shares of Despegar.com by 1.7% during the 3rd quarter. SkyView Investment Advisors LLC now owns 247,453 shares of the company’s stock worth $3,068,000 after purchasing an additional 4,118 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in Despegar.com in the 3rd quarter valued at about $56,000. 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.