Pretty Bad Rating Given to Despegar.com (NYSE:DESP) By a BidaskScore

Despegar.com (NYSE:DESP) Receives a Downgrade

BidaskScore downgraded Despegar.com (NYSE:DESP) shares, lowering their rating to a “Sell” in a report revealed to clients on Wednesday morning. Trading on the $934.82 million market cap DESP will be interesting to observe today.

The stock increased 3.68% or $0.49 during the last trading session, reaching $13.81. About 266,967 shares traded. Despegar.com, Corp. (NYSE:DESP) has declined 35.97% since May 15, 2018 and is downtrending. It has underperformed by 40.34% the S&P500.

Despegar.com, Corp., an online travel company, provides a range of travel and travel-related products through its Website and mobile apps in Latin America. The company has market cap of $934.82 million. The firm offers airline tickets, packages, hotels, and other travel-related products under the Despegar and Decolar brands, which enable clients to find, compare, plan, and purchase travel products. It has a 206.12 P/E ratio. It provides a technology platform for its travel suppliers to manage and distribute their products.

More notable recent Despegar.com, Corp. (NYSE:DESP) news were published by: Seekingalpha.com which released: “Despegar Looks Cheap Despite Its Gloomy Macro Environment – Seeking Alpha” on September 04, 2018, also Seekingalpha.com with their article: “Despegar.com 2018 Q1 – Results – Earnings Call Slides – Seeking Alpha” published on May 10, 2018, Seekingalpha.com published: “Despegar.com, Corp. (DESP) CEO Damian Scokin on Q4 2018 Results – Earnings Call Transcript – Seeking Alpha” on March 07, 2019. More interesting news about Despegar.com, Corp. (NYSE:DESP) were released by: Finance.Yahoo.com and their article: “Here’s What Hedge Funds Think About Intersect ENT Inc (XENT) – Yahoo Finance” published on May 03, 2019 as well as Fool.com‘s news article titled: “Despegar.com Is Still Waiting to Take Off – The Motley Fool” with publication date: May 10, 2018.

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