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. It also provides a technology platform for its travel suppliers to manage the distribution of their travel products and access to traveler customers. The company offers travel products and services under the Despegar, Decolar, Best Day, BD Experience, and HotelDo brands. Despegar.com, Corp. was founded in 1999 and is based in Buenos Aires, Argentina.
IPO Year: 2017
Exchange: NYSE
Website: despegar.com.ar
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/29/2024 | $11.50 → $14.50 | Buy → Neutral | Citigroup |
| 3/7/2024 | $11.00 | Overweight | Cantor Fitzgerald |
| 8/11/2023 | $6.50 → $13.00 | Equal-Weight → Overweight | Morgan Stanley |
| 6/22/2023 | $10.00 | Buy | B. Riley Securities |
| 8/26/2022 | $15.00 → $12.00 | Buy | Citigroup |
| 1/25/2022 | Neutral → Buy | Citigroup | |
| 1/25/2022 | $15.00 | Neutral → Buy | Citigroup |
| 1/20/2022 | $23.00 → $20.00 | Overweight | Keybanc |
Company to Leverage L Catterton's Global Pet Industry Experience to Accelerate Veterinary Platform Expansion in Brazil GREENWICH, Conn., Nov. 18, 2024 /PRNewswire/ -- L Catterton, a leading global consumer-focused investment firm, today announced that it has made a strategic investment in WeVets (the "Company"), a leading independent veterinary hospital group in Brazil operating 24-hour centers and diagnostic labs, making high-quality veterinary care more accessible throughout Brazil. Founded in 2020, WeVets has quickly expanded to 15 hospitals and two labs in São Paulo and Rio Grande do Sul providing comprehensive veterinary care, including primary and urgent care, surgery, diagnostics, a
Record profitability with 3Q24 Adjusted EBITDA up 94% YoY and Revenues Increasing 9% YoY; Raising FY24 Adjusted EBITDA Guidance Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company, today announced unaudited financial results for the three-months ended September 30, 2024 ("third quarter 2024" or "3Q24"). Financial results are expressed in U.S. dollars and are presented in accordance with U.S. generally accepted accounting principles ("U.S. GAAP"). Financial results are preliminary and subject to year-end audit and adjustments. All comparisons in this announcement are year-over-year ("YoY"), unless otherwise noted. 3Q24 Financia
Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company, today announced that it will report its Third Quarter 2024 results on Thursday, November 14, after the market close. Earnings Release Thursday, November 14, 2024 Time: After Market Close Conference Call Thursday, November 14, 2024 Time: 4:30 p.m. Eastern Time To participate, please dial +1 (888) 330-2413 (U.S. domestic) +1 (240) 789-2721 (International) Please press # to be connected to an operator Pre-Register for the conference call Please use the following link to pre-register for this conference call. Callers who pre-register will be given a unique PIN to gain immediat
Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company, announces its first Software as a Service (SaaS) partnership with Karisma Hotels & Resorts. Through this innovative collaboration, Despegar will license its cutting-edge AI Travel Assistant, Sofia, to enhance the existing chatbot functionalities of Karisma Group, setting a new standard for digital engagement in the hospitality industry. This partnership marks a key milestone in the relationship of both companies as it will allow Karisma's customers to interact with a digital travel assistant powered by Sofia, benefiting from a range of distinct advantages designed to improve th
Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company and Nubank (NYSE:NU), the largest digital banking platform outside Asia, today announced the integration of NuPay as a new payment option on Despegar's travel platform. The collaboration between Nubank and Despegar offers multiple strategic benefits for both companies, including: Despegar gains access to Nubank's 95.5 million Brazilian customers, broadening its target market significantly Nubank's customers will gain access to Despegar's travel platform and services enjoying increased spending limits and enhanced purchasing power through a variety of payment options, includi
Profitable Growth Continues with 2Q24 Adjusted EBITDA up 22% YoY and Revenues Increasing 12% YoY; Raising FY24 Adjusted EBITDA Guidance Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company, today announced unaudited financial results for the three-months ended June 30, 2024 ("second quarter 2024" or "2Q24"). Financial results are expressed in U.S. dollars and are presented in accordance with U.S. generally accepted accounting principles ("U.S. GAAP"). Financial results are preliminary and subject to year-end audit and adjustments. All comparisons in this announcement are year-over-year ("YoY"), unless otherwise noted. 2Q24 Fina
Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company, today announced that it has formed a strategic alliance with World2Meet, the travel division of Iberostar Group, a Spain-based global tourism company. Under the alliance's agreement, World2Meet has acquired Despegar's Destination Management Company (DMC) BDExperience effective August 1, 2024, and will operate as a preferred partner to Despegar for the provision of destination services in Mexico and the Dominican Republic. In line with Despegar's focus on key long-term growth strategies, improving operational efficiency and maximizing return on capital, the divestiture of DMC e
Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company, today announced that it will report its Second Quarter 2024 results on Thursday, August 15, after the market close. Earnings Release Thursday, August 15, 2024 Time: After Market Close Conference Call Thursday, August 15, 2024 Time: 4:30 p.m. Eastern Time To participate, please dial +1 800 715 9871 (U.S. domestic) +1 646 307 1963 (International) Please press # to be connected to an operator Pre-Register for the conference call Please use the following link to pre-register for this conference call. Callers who pre-register will be given a unique PIN to gain immediate
Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company, today announced that, as part of the annual reconstitution of the Russell equity indexes, the Company has been added to the Russell 2000® Index and the broad-market Russell 3000® Index, effective at the open of the U.S. equity markets on July 1, 2024. Damian Scokin, Despegar´s CEO, said, "We are pleased to have earned inclusion in Russell stock indexes, among the most widely used benchmarks for small-cap stocks, validating the focused execution of our growth and capital allocation strategies. Joining the Russell stock indexes is another significant milestone for Despegar, as w
Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company, today announced the publication of its 2023 Environmental, Social, and Governance (ESG) report. This comprehensive report applies a double materiality approach, incorporating GRI 2021 Standards, which prioritize an impact perspective, and SASB Standards, which account for financial materiality. The 2023 ESG report details the significant strides Despegar has made over the past year in various key areas, among them: Environmental Initiatives Carbon Footprint: Despegar has initiated a server virtualization project by migrating to Amazon's cloud (AWS), which will enable the
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Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading online travel company, today announced that Mr. Amit Singh has been appointed Chief Financial Officer (CFO), effective August 21, 2023. Mr. Singh brings significant financial and capital market experience to Despegar and will be responsible for overseeing Despegar's Finance, Accounting, Tax and Treasury operations and Investor Relations. He will report to Damián Scokin, Chief Executive Officer (CEO). Mr. Singh comes to Despegar with over 15 years of finance experience, including most recently as the CFO of Nasdaq-listed AgileThought, a global provider of digital transformation services and custom softwa
Ramiro Lauzan Appointed to Despegar's Board as well as Nomination & Compensation and Strategy Committees Dirk Donath Resigned as Director and Will Continue to Serve as Observer of the Board Despegar.com, Corp. (NYSE:DESP) ("Despegar"), the leading online travel company in Latin America, today announced that Dirk Donath, a member of the board of directors of the Company appointed by LCLA Daylight LP, an affiliate of L Catterton Latin America III, L.P., has resigned as a director and member of the Board's Nomination & Compensation and Strategy committees, effective June 24, 2022, in connection with a rotation by L Catterton of its appointed directors. Mr. Donath will continue to serve as an
Record profitability with 3Q24 Adjusted EBITDA up 94% YoY and Revenues Increasing 9% YoY; Raising FY24 Adjusted EBITDA Guidance Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company, today announced unaudited financial results for the three-months ended September 30, 2024 ("third quarter 2024" or "3Q24"). Financial results are expressed in U.S. dollars and are presented in accordance with U.S. generally accepted accounting principles ("U.S. GAAP"). Financial results are preliminary and subject to year-end audit and adjustments. All comparisons in this announcement are year-over-year ("YoY"), unless otherwise noted. 3Q24 Financia
Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company, today announced that it will report its Third Quarter 2024 results on Thursday, November 14, after the market close. Earnings Release Thursday, November 14, 2024 Time: After Market Close Conference Call Thursday, November 14, 2024 Time: 4:30 p.m. Eastern Time To participate, please dial +1 (888) 330-2413 (U.S. domestic) +1 (240) 789-2721 (International) Please press # to be connected to an operator Pre-Register for the conference call Please use the following link to pre-register for this conference call. Callers who pre-register will be given a unique PIN to gain immediat
Profitable Growth Continues with 2Q24 Adjusted EBITDA up 22% YoY and Revenues Increasing 12% YoY; Raising FY24 Adjusted EBITDA Guidance Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company, today announced unaudited financial results for the three-months ended June 30, 2024 ("second quarter 2024" or "2Q24"). Financial results are expressed in U.S. dollars and are presented in accordance with U.S. generally accepted accounting principles ("U.S. GAAP"). Financial results are preliminary and subject to year-end audit and adjustments. All comparisons in this announcement are year-over-year ("YoY"), unless otherwise noted. 2Q24 Fina
Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company, today announced that it will report its Second Quarter 2024 results on Thursday, August 15, after the market close. Earnings Release Thursday, August 15, 2024 Time: After Market Close Conference Call Thursday, August 15, 2024 Time: 4:30 p.m. Eastern Time To participate, please dial +1 800 715 9871 (U.S. domestic) +1 646 307 1963 (International) Please press # to be connected to an operator Pre-Register for the conference call Please use the following link to pre-register for this conference call. Callers who pre-register will be given a unique PIN to gain immediate
Profitable Growth Continues with 1Q24 Adjusted EBITDA up 126% YoY and Revenues Increasing 9% YoY Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company, today announced unaudited financial results for the three-months ended March 31, 2024 ("first quarter 2024" or "1Q24"). Financial results are expressed in U.S. dollars and are presented in accordance with U.S. generally accepted accounting principles ("U.S. GAAP"). Financial results are preliminary and subject to year-end audit and adjustments. All comparisons in this announcement are year-over-year ("YoY"), unless otherwise noted. 1Q24 Financial and Operating Highlights (for def
Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company, today announced that it will report its First Quarter 2024 results on Thursday, May 16, after the market close. Earnings Release Thursday, May 16, 2024 Time: After Market Close Conference Call Thursday, May 16, 2024 Time: 4:30 p.m. Eastern Time To participate, please dial +1 800 715 9871 (U.S. domestic) +1 646 307 1963 (International) Please press # to be connected to an operator Pre-Register for the conference call Please use the following link to pre-register for this conference call. Callers who pre-register will be given a unique PIN to gain immediate access to
Robust FY23 Performance with Revenue Growing 31% YoY and Adjusted EBITDA Increasing 176% YoY 4Q23 Adjusted EBITDA Increased 248% YoY to $43.6 million, with Improving Operating Efficiency and Strong Revenue Rising 40% YoY to a Record $203.7 Million Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company, today announced unaudited financial results for the three-months ended December 31, 2023 ("fourth quarter 2023" or "4Q23") and full year 2023. Financial results are expressed in U.S. dollars and are presented in accordance with U.S. generally accepted accounting principles ("U.S. GAAP"). Financial results are preliminary and subjec
Despegar.com, Corp. (NYSE:DESP), the leading travel technology company in Latin America, today announced that it will report its Fourth Quarter 2023 results on Thursday, March 14, after the market close. Earnings Release Thursday, March 14, 2024 Time: After Market Close Conference Call Thursday, March 14, 2024 Time: 4:30 p.m. Eastern Time Quiet Period Thursday, February 29, through Thursday, March 14, 2024 To participate, please dial +1 800 715 9871 (U.S. domestic) +1 646 307 1963 (International) Please press # to be connected to an operator Pre-Register for the conference call Please use the following link to pre-register for this conference call. Callers who pre-register will
Adj. EBITDA Increases 106% YoY on Record Quarterly Revenues and Improving Operational Efficiency Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company, today announced unaudited financial results for the three-months ended September 30, 2023 ("third quarter 2023" or "3Q23"). Financial results are expressed in U.S. dollars and are presented in accordance with U.S. generally accepted accounting principles ("U.S. GAAP"). Financial results are preliminary and subject to year-end audit and adjustments. All comparisons in this announcement are year-over-year ("YoY"), unless otherwise noted. 3Q23 Financial and Operating Highlights (for
Despegar.com, Corp. (NYSE:DESP), the leading travel technology company in Latin America, today announced that it will report its Third Quarter 2023 results on Thursday, November 9, after the market close. Earnings Release Thursday, November 9, 2023 Time: After Market Close Conference Call Thursday, November 9, 2023 Time: 4:30 p.m. Eastern Time Quiet Period Monday, October 30, through Thursday, November 9, 2023 To participate, please dial +1 888 330 2413 (U.S. domestic) +1 240 789 2721 (International) Please press # to be connected to an operator Pre-Register for the conference call Please use the following link to pre-register for this conference call. Callers who pre-register wil
Citigroup analyst Joao Pedro Soares maintains Despegar.com (NYSE:DESP) with a Neutral and raises the price target from $14.5 to $15.
Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company, today announced that, as part of the annual reconstitution of the Russell equity indexes, the Company has been added to the Russell 2000® Index and the broad-market Russell 3000® Index, effective at the open of the U.S. equity markets on July 1, 2024.
Gainers Meta Data (NYSE:AIU) stock increased by 20.8% to $0.46 during Friday's pre-market session. The company's market cap stands at $35.4 million. Chijet Motor Co (NASDAQ:CJET) stock moved upwards by 16.03% to $0.34. The market value of their outstanding shares is at $54.0 million. Jeffs Brands (NASDAQ:JFBR) shares rose 11.11% to $0.39. The company's market cap stands at $3.5 million. Canoo (NASDAQ:GOEV) shares increased by 9.17% to $2.38. The company's market cap stands at $163.1 million. Lixiang Education Hldg (NASDAQ:LXEH) shares increased by 7.83% to $0.4. The company's market cap stands at $4.6 million. Allbirds (NASDAQ:BIRD) stock rose 5.74% to $0.57. The company's market cap s
U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite falling around 50 points on Friday. The Dow traded up 0.12% to 39,917.54 while the NASDAQ fell 0.33% to 16,642.74. The S&P 500 also fell, dropping, 0.10% to 5,291.68. . Check This Out: Walmart To Rally Over 17%? Here Are 10 Top Analyst Forecasts For Friday Leading and Lagging SectorsEnergy shares rose by 1.4% on Friday. In trading on Friday, information technology shares fell by 0.8%. Top Headline U.S. leading index fell 0.6% month-over-month for April, versus market expectations for a 0.3% decline. Equities Trading UP Autolus Therapeutics plc (NASDAQ:AUTL) shar
Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) fell sharply during Friday's session after the company reduced its dividend and said it expects third-quarter and fourth-quarter results below its prior expectations. Cracker Barrel Old Country Store shares dipped 14.4% to $49.01 on Friday. Here are some other stocks moving in today’s mid-day session. Gainers Fangdd Network Group Ltd. (NASDAQ:DUO) shares jumped 258.6% to $1.4709. FangDD filed 2023 annual report on Form 20-F. Akanda Corp. (NASDAQ:AKAN) jumped 129.4% to $0.3053 after jumping around 27% on Thursday. Crown ElectroKinetics Corp (NASDAQ:CRKN) shares jumped 89.6% to $0.4580. The stock has seen interes
B. Riley Securities analyst Naved Khan maintains Despegar.com (NYSE:DESP) with a Buy and raises the price target from $16 to $19.
U.S. stocks traded mixed midway through trading, with the NASDAQ Composite edging lower on Friday. The Dow traded up 0.07% to 39,896.89 while the NASDAQ fell 0.02% to 16,695.66. The S&P 500 also rose, gaining, 0.01% to 5,297.40. . Check This Out: Walmart To Rally Over 17%? Here Are 10 Top Analyst Forecasts For Friday Leading and Lagging SectorsEnergy shares rose by 0.6% on Friday. In trading on Friday, health care shares fell by 0.3%. Top Headline RBC Bearings Incorporated (NYSE:RBC) shares gained around 4% on Friday after it reported fourth-quarter FY24 results. Net sales rose 4.9% Y/Y to $413.7 million, beating the consensus of $413.5 million. Adjusted EPS incre
U.S. stocks were mixed, with the Dow Jones gaining around 0.1% on Friday. Shares of Despegar.com, Corp. (NYSE:DESP) rose sharply during Friday's session after the company reported better-than-expected quarterly sales results. Despegar.com posted GAAP earnings of 7 cents per share, versus market estimates of 15 cents per share. The company's quarterly sales came in at $173.700 million beating expectations of $171.556 million, according to data from Benzinga Pro. Despegar.com shares jumped 19.7% to $15.01 on Friday. Here are some other big stocks recording gains in today's session. Doximity, Inc. (NYSE:DOCS) gained 19.7% to $28.41 reported stronger-than-expected financial resul
Cantor Fitzgerald analyst Thomas Shinske maintains Despegar.com (NYSE:DESP) with a Overweight and raises the price target from $14 to $17.
Citigroup downgraded Despegar.com from Buy to Neutral and set a new price target of $14.50 from $11.50 previously
Cantor Fitzgerald initiated coverage of Despegar.com with a rating of Overweight and set a new price target of $11.00
Morgan Stanley upgraded Despegar.com from Equal-Weight to Overweight and set a new price target of $13.00 from $6.50 previously
B. Riley Securities initiated coverage of Despegar.com with a rating of Buy and set a new price target of $10.00
Citigroup resumed coverage of Despegar.com with a rating of Buy and set a new price target of $12.00 from $15.00 previously
Citigroup upgraded Despegar.com from Neutral to Buy
Citigroup upgraded Despegar.com from Neutral to Buy and set a new price target of $15.00
Keybanc reiterated coverage of Despegar.com with a rating of Overweight and set a new price target of $20.00 from $23.00 previously
Morgan Stanley reiterated coverage of Despegar.com with a rating of Equal-Weight and set a new price target of $14.00 from $13.00 previously
KeyBanc upgraded Despegar.com from Sector Weight to Overweight and set a new price target of $23.00