Despegar.com Corp. (DESP)
NYSE NYSE Primary 
Despegar.com: B2B Expansion, But Caution Due To Investigations In Brazil
Despegar.com posted a 35% increase in gross bookings and a 94% rise in adjusted EBITDA, with the B2B segment now representing 19% of total operations. The acquisition agreement with Prosus could strengthen Despegar's financial and technological position, pending shareholder and regulatory approval. Potential investigation impacts could adjust the acquisition price. Ongoing investigations into alleged fare fraud in Brazil pose reputational and legal risks. The outcome could impact the company's relationships and long-term valuation.
Prosus buys Despegar for $1.7B, taking a bite out of Latin America's travel sector
Yet another major investment is going down in the travel sector, underscoring its ongoing rebound after the Covid-19 pandemic. Prosus, the tech conglomerate controlled by Naspers, is paying $1.7 billion to acquire Despegar, one of the biggest online travel agencies in Latin America, to scale up its operations in the region.
Prosus to buy Latin American online travel agency Despegar.com for $1.7 bln
Dutch technology investor Prosus NV said on Monday it would buy Latin America-focussed online travel agency Despegar.com Corp for about $1.7 billion in cash.
What Makes Despegar.com (DESP) a Strong Momentum Stock: Buy Now?
Does Despegar.com (DESP) have what it takes to be a top stock pick for momentum investors? Let's find out.
Despegar.com's Growth Outlook Is Fairly Valued
Despegar.com, Corp. has shown strong growth with good tourism growth in Latin America, boosted further by market share gains, acquisitions, and B2B revenue growth. The Q3 results represented good financial momentum with greatly improving margins. The earnings growth tailwinds are in part moderated by a weaker mid- to long-term take rate outlook, as well as elevated currency risks.
Is Despegar.com (DESP) Stock Outpacing Its Transportation Peers This Year?
Here is how Despegar.com (DESP) and International Consolidated Airlines Group SA (ICAGY) have performed compared to their sector so far this year.
Strength Seen in Despegar.com (DESP): Can Its 7.4% Jump Turn into More Strength?
Despegar.com (DESP) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Despegar.com (DESP) Recently Broke Out Above the 20-Day Moving Average
Despegar.com (DESP) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, DESP crossed above the 20-day moving average, suggesting a short-term bullish trend.
Despegar.com: Excellent Value In An Expensive Market
Despegar.com is a strong buy due to its robust constant-currency bookings growth and market-leading position in Latin America, despite FX headwinds. The company benefits from exposure to fast-growing emerging economies, increasing middle-class travel in Latin America, and lucrative vacation package deals, boosting its take rates. U.S. interest rate cuts could ease FX headwinds, enhancing Despegar's appeal as a value stock with a low 5.2x EV/FY24 adjusted EBITDA multiple.
Despegar.com, Corp. (DESP) Q2 2024 Earnings Call Transcript
Despegar.com, Corp. (NYSE:DESP ) Q2 2024 Earnings Conference Call August 15, 2024 4:30 PM ET Company Participants Luca Pfeifer - Investor Relations Damian Scokin - Chief Executive Officer Sebastian Mackinnon - Chief Partner and Corporate Affairs Manager Gonzalo Estebarena - Chief Technology Officer Amit Singh - Chief Financial Officer Conference Call Participants Naved Khan - B. Riley Securities Andrew Ruben - Morgan Stanley Jacob Seed - TD Cowen Brett Knoblauch - Cantor Fitzgerald Operator Good morning and welcome to Despegar's First Quarter 2024 Earnings Conference Call.
Best Growth Stocks to Buy for July 30th
EAT, VRT, and DESP made it to the Zacks Rank #1 (Strong Buy) growth stocks list on July 30, 2024.
Are Transportation Stocks Lagging Despegar.com (DESP) This Year?
Here is how Despegar.com (DESP) and SkyWest (SKYW) have performed compared to their sector so far this year.
