Despegar.com (NYSE:DESP) Reaches New 1-Year High at $13.30

Despegar.com, Corp. (NYSE:DESP) shares reached a new 52-week high during trading on Monday . The stock traded as high as $13.30 and last traded at $13.25, with a volume of 746804 shares. The stock had previously closed at $12.30.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Citigroup restated a “neutral” rating and set a $14.50 price target (up previously from $11.50) on shares of Despegar.com in a report on Monday, April 29th. B. Riley restated a “buy” rating and set a $16.00 target price (up from $15.00) on shares of Despegar.com in a research note on Friday, March 15th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $14.00 price target on shares of Despegar.com in a research note on Friday, March 22nd.

Despegar.com Stock Performance

The firm has a market capitalization of $883.88 million, a price-to-earnings ratio of -50.23 and a beta of 2.03. The company has a 50-day moving average price of $11.22 and a 200-day moving average price of $9.41.

Institutional Investors Weigh In On Despegar.com

Several institutional investors have recently added to or reduced their stakes in the business. Wealthsource Partners LLC increased its position in shares of Despegar.com by 1.9% during the fourth quarter. Wealthsource Partners LLC now owns 59,799 shares of the company’s stock worth $566,000 after purchasing an additional 1,122 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Despegar.com by 83.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,617 shares of the company’s stock worth $44,000 after buying an additional 2,104 shares during the last quarter. Altfest L J & Co. Inc. increased its position in Despegar.com by 4.7% during the first quarter. Altfest L J & Co. Inc. now owns 48,505 shares of the company’s stock worth $580,000 after buying an additional 2,179 shares during the period. Activest Wealth Management acquired a new stake in shares of Despegar.com in the first quarter valued at approximately $39,000. Finally, Tucker Asset Management LLC acquired a new position in shares of Despegar.com in the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 67.93% of the company’s stock.

About Despegar.com

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.