(NYSE:DESP) Price Target Cut to $10.50 by Analysts at Cowen (NYSE:DESPGet Rating) had its target price lowered by stock analysts at Cowen from $12.50 to $10.50 in a research report issued to clients and investors on Thursday, Stock Target Advisor reports. Cowen’s price target suggests a potential upside of 38.89% from the stock’s previous close.

Separately, Cowen cut their target price on shares of from $12.50 to $10.50 in a research note on Thursday.

NYSE:DESP opened at $7.56 on Thursday. The firm has a 50-day moving average of $9.47 and a two-hundred day moving average of $10.41. The stock has a market cap of $538.65 million, a P/E ratio of -5.01 and a beta of 2.07. has a 1-year low of $6.66 and a 1-year high of $14.33. (NYSE:DESPGet Rating) last posted its quarterly earnings data on Thursday, May 19th. The company reported ($0.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.31). had a negative net margin of 25.08% and a negative return on equity of 1,941.11%. During the same quarter in the previous year, the firm earned ($0.47) earnings per share. On average, analysts predict that will post -0.84 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA bought a new position in shares of in the first quarter valued at approximately $38,000. Exchange Traded Concepts LLC boosted its holdings in shares of by 94.7% in the first quarter. Exchange Traded Concepts LLC now owns 3,828 shares of the company’s stock valued at $47,000 after acquiring an additional 1,862 shares in the last quarter. TimesSquare Capital Management LLC bought a new stake in during the fourth quarter worth approximately $109,000. Graham Capital Management L.P. bought a new stake in during the first quarter worth approximately $184,000. Finally, Wealthsource Partners LLC bought a new stake in during the third quarter worth approximately $188,000. Institutional investors and hedge funds own 55.92% of the company’s stock. Company Profile (Get Rating), 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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