Cantor Fitzgerald Increases Despegar.com (NYSE:DESP) Price Target to $17.00

Despegar.com (NYSE:DESP) had its price target upped by equities research analysts at Cantor Fitzgerald from $14.00 to $17.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target points to a potential upside of 13.79% from the stock’s previous close.

DESP has been the topic of several other reports. Citigroup reiterated a “neutral” rating and set a $14.50 price target (up from $11.50) on shares of Despegar.com in a research report on Monday, April 29th. B. Riley restated a “buy” rating and issued a $16.00 price objective (up from $15.00) on shares of Despegar.com in a research report on Friday, March 15th.

Despegar.com Trading Up 19.1 %

Shares of DESP opened at $14.94 on Friday. The business’s 50-day moving average price is $12.00 and its 200-day moving average price is $9.83. Despegar.com has a twelve month low of $5.55 and a twelve month high of $15.54.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Wealthsource Partners LLC grew its position in Despegar.com by 1.9% during the fourth quarter. Wealthsource Partners LLC now owns 59,799 shares of the company’s stock valued at $566,000 after acquiring an additional 1,122 shares during the last quarter. Quantbot Technologies LP grew its position in Despegar.com by 4.8% during the first quarter. Quantbot Technologies LP now owns 31,462 shares of the company’s stock valued at $376,000 after acquiring an additional 1,452 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Despegar.com by 83.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,617 shares of the company’s stock valued at $44,000 after acquiring an additional 2,104 shares during the last quarter. Altfest L J & Co. Inc. grew its position in Despegar.com by 4.7% during the first quarter. Altfest L J & Co. Inc. now owns 48,505 shares of the company’s stock valued at $580,000 after acquiring an additional 2,179 shares during the last quarter. Finally, Activest Wealth Management bought a new position in Despegar.com during the first quarter valued at approximately $39,000. 67.93% of the stock is currently owned by institutional investors.

About Despegar.com

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.