TimesSquare Capital Management LLC Makes New Investment in Despegar.com, Corp. (NYSE:DESP)

TimesSquare Capital Management LLC bought a new stake in Despegar.com, Corp. (NYSE:DESPGet Rating) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 11,100 shares of the company’s stock, valued at approximately $109,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. US Bancorp DE acquired a new position in shares of Despegar.com during the third quarter valued at $35,000. GSA Capital Partners LLP acquired a new position in Despegar.com during the 3rd quarter valued at about $144,000. Wealthsource Partners LLC bought a new position in shares of Despegar.com in the 3rd quarter valued at about $188,000. Qube Research & Technologies Ltd acquired a new stake in shares of Despegar.com during the 4th quarter worth approximately $255,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Despegar.com in the third quarter valued at approximately $349,000. 45.77% of the stock is owned by institutional investors.

DESP has been the subject of a number of recent analyst reports. KeyCorp lowered their price objective on shares of Despegar.com from $23.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, January 20th. Zacks Investment Research raised Despegar.com from a “sell” rating to a “hold” rating in a research note on Friday, March 11th. Finally, Citigroup raised shares of Despegar.com from a “neutral” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Tuesday, January 25th.

Shares of Despegar.com stock traded down $0.23 during trading on Monday, reaching $11.12. The stock had a trading volume of 6,336 shares, compared to its average volume of 342,026. The company has a market capitalization of $779.50 million, a price-to-earnings ratio of -7.09 and a beta of 2.16. The stock has a fifty day moving average price of $11.79 and a two-hundred day moving average price of $11.16. Despegar.com, Corp. has a 52 week low of $7.97 and a 52 week high of $15.09.

Despegar.com (NYSE:DESPGet Rating) last released its earnings results on Thursday, March 10th. The company reported ($0.22) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.11). Despegar.com had a negative net margin of 31.79% and a negative return on equity of 1,706.01%. During the same period in the prior year, the firm posted ($0.24) earnings per share. On average, analysts anticipate that Despegar.com, Corp. will post -0.27 earnings per share for the current fiscal year.

About Despegar.com (Get Rating)

Despegar.com, Corp., online travel company, provides a range of travel and travel-related products through its websites and mobile applications in Latin America. The company operates through two segments, Air; and Packages, Hotels and Other Travel Products. The company offers airline tickets; travel packages, hotel rooms, car rentals, bus tickets, cruise tickets, travel insurance, destination services, and other travel-related products, which enable consumers to find, compare, plan, and purchase travel products through its marketplace.

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Institutional Ownership by Quarter for Despegar.com (NYSE:DESP)

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