Despegar.com (NYSE:DESP) Lowered to “Hold” Rating by B. Riley

B. Riley downgraded shares of Despegar.com (NYSE:DESP) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other analysts also recently weighed in on DESP. Morgan Stanley increased their price target on shares of Despegar.com from $17.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, November 29th. TD Cowen raised shares of Despegar.com from a “sell” rating to a “hold” rating in a report on Tuesday, December 24th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $17.20.

Despegar.com Trading Up 0.1 %

NYSE:DESP opened at $19.25 on Wednesday. Despegar.com has a 1 year low of $8.82 and a 1 year high of $19.57. The firm’s fifty day simple moving average is $19.22 and its 200 day simple moving average is $16.13.

Hedge Funds Weigh In On Despegar.com

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Gilder Gagnon Howe & Co. LLC lifted its holdings in shares of Despegar.com by 1.1% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 93,473 shares of the company’s stock worth $1,799,000 after acquiring an additional 1,010 shares during the period. Quarry LP lifted its holdings in shares of Despegar.com by 107.1% during 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 during the period. Sterling Capital Management LLC lifted its holdings in shares of Despegar.com by 756.8% during the 4th quarter. Sterling Capital Management LLC now owns 1,705 shares of the company’s stock worth $33,000 after acquiring an additional 1,506 shares during the period. Legal & General Group Plc lifted its holdings in shares of Despegar.com by 13.7% during the 4th quarter. Legal & General Group Plc now owns 13,199 shares of the company’s stock worth $254,000 after acquiring an additional 1,588 shares during the period. Finally, State of Wyoming lifted its holdings in shares of Despegar.com by 107.9% during the 4th quarter. State of Wyoming now owns 3,846 shares of the company’s stock worth $74,000 after acquiring an additional 1,996 shares during the period. 67.93% of the stock is owned by 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.