Despegar.com, Corp. (NYSE:DESP) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC trimmed its position in Despegar.com, Corp. (NYSE:DESP) by 0.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 225,411 shares of the company’s stock after selling 1,632 shares during the period. OneDigital Investment Advisors LLC owned 0.34% of Despegar.com worth $2,795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Amalgamated Bank acquired a new position in Despegar.com during the second quarter valued at $28,000. LRI Investments LLC acquired a new stake in shares of Despegar.com during the 2nd quarter worth approximately $87,000. Hood River Capital Management LLC purchased a new position in shares of Despegar.com during the 1st quarter valued at approximately $101,000. Adalta Capital Management LLC acquired a new position in shares of Despegar.com in the 1st quarter valued at $120,000. Finally, Sanctuary Advisors LLC purchased a new stake in Despegar.com during the second quarter worth $128,000. Hedge funds and other institutional investors own 67.93% of the company’s stock.

Despegar.com Price Performance

DESP stock opened at $17.37 on Friday. Despegar.com, Corp. has a 52 week low of $7.66 and a 52 week high of $18.00. The firm has a 50-day simple moving average of $13.59 and a 200-day simple moving average of $13.06.

Despegar.com (NYSE:DESP) last released its earnings results on Thursday, August 15th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.12. Despegar.com had a negative return on equity of 62.18% and a net margin of 3.30%. The business had revenue of $185.05 million for the quarter, compared to the consensus estimate of $184.35 million. On average, analysts predict that Despegar.com, Corp. will post 0.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DESP has been the subject of a number of analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $17.00 price objective on shares of Despegar.com in a research report on Friday, August 16th. Citigroup upped their price target on Despegar.com from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Finally, TD Cowen raised their price objective on Despegar.com from $9.00 to $12.00 and gave the company a “buy” rating in a report on Tuesday, August 20th.

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.