Despegar.com (NYSE:DESP) Sees Large Volume Increase

Despegar.com, Corp. (NYSE:DESP) shares saw an uptick in trading volume on Monday . 216,127 shares traded hands during trading, a decline of 51% from the previous session’s volume of 440,782 shares.The stock last traded at $12.01 and had previously closed at $11.99.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DESP. 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 report on Friday, March 15th. Cantor Fitzgerald restated an “overweight” rating and set a $14.00 target price on shares of Despegar.com in a research report on Friday, March 22nd.

Despegar.com Stock Performance

The business has a 50 day moving average of $9.39 and a 200-day moving average of $8.42.

Hedge Funds Weigh In On Despegar.com

Several hedge funds have recently made changes to their positions in DESP. Medina Value Partners LLC acquired a new stake in shares of Despegar.com in the 4th quarter valued at approximately $7,193,000. Fourth Sail Capital LP acquired a new stake in shares of Despegar.com in the 4th quarter valued at approximately $12,954,000. Neuberger Berman Group LLC boosted its holdings in shares of Despegar.com by 32.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 3,983,009 shares of the company’s stock valued at $22,704,000 after buying an additional 970,051 shares during the last quarter. Moerus Capital Management LLC boosted its holdings in shares of Despegar.com by 24.9% in the 1st quarter. Moerus Capital Management LLC now owns 4,566,654 shares of the company’s stock valued at $28,039,000 after buying an additional 909,690 shares during the last quarter. Finally, Norges Bank acquired a new stake in Despegar.com during the 4th quarter valued at $6,622,000. 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.