Despegar.com Corp. (DESP) can make a big difference with a little luck

Despegar.com Corp. (NYSE: DESP) stock fell -0.13% on Friday to $7.54 against a previous-day closing price of $7.55. With 0.51 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.2 million shares. The 52-week range on DESP shows that it touched its highest point at $9.45 and its lowest point at $4.44 during that stretch. It currently has a 1-year price target of $10.40. Beta for the stock currently stands at 1.97.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DESP was down-trending over the past week, with a drop of -6.57%, but this was down by -8.72% over a month. Three-month performance surged to 5.75% while six-month performance rose 36.59%. The stock lost -1.82% in the past year, while it has gained 46.98% so far this year. A look at the trailing 12-month EPS for DESP yields -0.13 with Next year EPS estimates of 0.58. For the next quarter, that number is 0.15. This implies an EPS growth rate of 30.40% for this year and 221.11% for next year.

Float and Shares Shorts:

At present, 77.11 million DESP shares are outstanding with a float of 48.97 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.39 million, which was 0.59% higher than short shares on Jul 30, 2023. In addition to Mr. Damian Scokin as the firm’s CEO & Director, Mr. Martin Rastellino serves as its Co-Founder & Director.


Institutional Ownership:

Through their ownership of 67.54% of DESP’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 42.64% of DESP, in contrast to 16.93% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in DESP with 6.94% of the stake, Neuberger Berman Investment Advis holds 4,584,251 shares worth 4,584,251. A second-largest stockholder of DESP, Moerus Capital Management LLC, holds 4,566,654 shares, controlling over 6.91% of the firm’s shares. Arisaig Partners is the third largest shareholder in DESP, holding 4,056,300 shares or 6.14% stake. With a 4.64% stake in DESP, the Canada Pension Plan is the largest stakeholder. A total of 3,064,000 shares are owned by the mutual fund manager. The BBH Partner Fund – Small Cap Equi, which owns about 3.03% of DESP stock, is the second-largest Mutual Fund holder. It holds 2,000,000 shares valued at 15.9 million. Government Pension Fund – Global holds 1.06% of the stake in DESP, owning 700,000 shares worth 5.57 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, DESP reported revenue of $134.42M and operating income of -$1.39M. Over the past year, revenue came in at $383.41M while operating income stood at -$64.72M. It generated -$13.16M net income for the quarter, which came to -$98.16M over the last twelve months. The EBITDA in the recently reported quarter was $8.53M and diluted EPS was -$0.26. EBITDA for the full year was -$28.50M.


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DESP since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With DESP analysts setting a high price target of $13.00 and a low target of $11.00, the average target price over the next 12 months is $11.67. Based on these targets, DESP could surge 72.41% to reach the target high and rise by 45.89% to reach the target low. Reaching the average price target will result in a growth of 54.77% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

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