Despegar.com (NYSE:DESP) Rating Increased to Hold at TD Cowen

TD Cowen upgraded shares of Despegar.com (NYSE:DESP) from a sell rating to a hold rating in a research report sent to investors on Tuesday, MarketBeat Ratings reports.

Separately, Morgan Stanley upped their price target on shares of Despegar.com from $17.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Despegar.com has an average rating of “Moderate Buy” and an average price target of $17.20.

Despegar.com Stock Down 0.1 %

NYSE:DESP opened at $19.45 on Tuesday. Despegar.com has a 1 year low of $8.06 and a 1 year high of $19.55. The stock’s 50 day simple moving average is $15.98 and its two-hundred day simple moving average is $13.67.

Institutional Trading of Despegar.com

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Amalgamated Bank bought a new position in Despegar.com during the 2nd quarter valued at about $28,000. Quarry LP boosted its position in shares of Despegar.com by 107.1% during the third quarter. Quarry LP now owns 2,769 shares of the company’s stock valued at $34,000 after buying an additional 1,432 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Despegar.com during the third quarter valued at approximately $56,000. Sanctuary Advisors LLC purchased a new stake in shares of Despegar.com in the second quarter worth approximately $128,000. Finally, MQS Management LLC bought a new stake in shares of Despegar.com during the 2nd quarter worth approximately $136,000. Hedge funds and other institutional investors own 67.93% of the company’s stock.

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.