Despegar Com Inc’s Quiet Period To Expire on October 30th (NASDAQ:DESP)
Despegar Com’s (NASDAQ:DESP) quiet period is set to expire on Monday, October 30th. Despegar Com had issued 12,770,000 shares in its initial public offering on September 20th. The total size of the offering was $332,020,000 based on an initial share price of $26.00. During Despegar Com’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
A number of research analysts have recently issued reports on the company. UBS AG assumed coverage on Despegar Com in a research note on Monday, October 16th. They set a “neutral” rating and a $36.00 price objective on the stock. Morgan Stanley assumed coverage on Despegar Com in a research note on Monday, October 16th. They set an “equal weight” rating and a $31.00 price objective on the stock. KeyCorp assumed coverage on Despegar Com in a research note on Monday, October 16th. They set an “overweight” rating and a $40.00 price objective on the stock. Citigroup Inc. assumed coverage on Despegar Com in a research note on Tuesday, October 17th. They set a “neutral” rating and a $34.00 price objective on the stock. Finally, Guggenheim assumed coverage on Despegar Com in a research note on Thursday, September 28th. They set a “buy” rating and a $38.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $35.80.
ILLEGAL ACTIVITY NOTICE: This news story was originally published by American Banking News and is the property of of American Banking News. If you are reading this news story on another site, it was illegally copied and republished in violation of United States and international copyright legislation. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/10/23/despegar-com-incs-quiet-period-to-expire-on-october-30th-nasdaqdesp.html.
Despegar Com (DESP) opened at 30.10 on Monday. Despegar Com has a 52 week low of $27.91 and a 52 week high of $34.70. The stock’s 50 day moving average price is $32.24 and its 200-day moving average price is $32.24. The company’s market capitalization is $2.02 billion.
About Despegar Com
Despegar.com Corp is an Argentina-based travel agency. The Company’s activities are divided into two business segments: Air, as well as Packages, Hotels and Other Travel Products. The Air division focuses on the sale of airline tickets. The Packages, Hotels and Other Travel Products division includes sales of travel packages with or without airline tickets and hotel rooms, as well as stand-alone sales of hotel rooms, including vacation rentals, car rentals, bus tickets, cruise tickets, travel insurance and destination services.
Receive News & Ratings for Despegar Com Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Despegar Com Inc and related companies with MarketBeat.com's FREE daily email newsletter.