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Hot Stocks
Despegar.com provides business update on COVID-19 » 06:08
05/04/20
05/04
06:08
05/04/20
06:08
DESP

Despegar.com

$6.70 /

-0.19 (-2.76%)

Despegar.com provided an…

Despegar.com provided an update on the impact of COVID-19 on the company's operations. Since mid-March, Despegar has experienced an almost complete stoppage in new travel bookings. As a result, during the second half of March, Despegar's gross bookings declined by over 95% vs. the comparable period of last year. The company expects that these minimum levels of activity are likely to persist throughout Q2. The outsourcing of the fulfillment center and a restructuring in Argentina undertaken in 4Q19, along with measures to protect cash balances implemented in March 2020, contributed to the following results in 1Q20: 12% YoY reduction in Structural Costs to $42.8M, vs. $48.7M in 1Q19, 26% YoY reduction in cost of revenue aligned with lower transactions; and Elimination of direct marketing spend starting as of March 13, 2020. The company undertook 566 layoffs, 397 furloughs and the reduction of working hours of 159 employees, among others. As a result, Despegar estimates that its run-rate for Structural Costs will be further reduced to: approximately $34M during 2Q; and approximately $28M during 3Q. The company believes that its existing cash and cash equivalents, will be sufficient to meet its currently-anticipated cash needs for the next twelve months: Unrestricted cash and cash equivalents amounted to $222M as of March 31, 2020 vs. $309.2M as of December 31, 2019. The company is undergoing negotiations with Best Day with respect to the previously announced pending acquisition.

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DESP Despegar.com
$6.70 /

-0.19 (-2.76%)

04/21/20 UBS
Despegar.com downgraded to Neutral from Buy at UBS
03/06/20 Citi
Citi initiates online travel space with mostly Buy ratings
03/06/20 Citi
Despegar.com initiated with a Buy at Citi
Earnings
Despegar.com reports Q1 EPS )22c), consensus (29c) » 06:04
05/04/20
05/04
06:04
05/04/20
06:04
DESP

Despegar.com

$6.70 /

-0.19 (-2.76%)

Reports Q1 revenue…

Reports Q1 revenue $$76.1, down 34% YoY on an FX neutral basis and 43% as reported, consensus $78.25M. Excluding extraordinary cancellations due to COVID-19, as reported revenues would have declined 33% to $88.6. Q1 transactions and Room Nights were down 23% and 30% YoY, respectively. The company's CEO stated, "Our results during the quarter were impacted by the COVID-19 pandemic, which has severely disrupted travel worldwide. We entered this global health crisis, with a strong balance sheet and healthy liquidity, closing 1Q20 with a cash position of $222M, no long term financial liabilities and only a minimal amount of working capital short term debt. We continue to carefully monitor our liquidity position and believe we have sufficient resources to weather the current challenging environment, for the next twelve months. We proactively addressed the impact of COVID-19, reducing our costs to better align with the decreasing demand. We substantially reduced marketing spend and we are pulling SG&A levers to cut costs. We are well on track to achieve the reductions in Structural Cost targets, which declined by 17% sequentially to $43M this quarter, and expect to bring them down to $34M in 2Q20 and $28M by 3Q20. Importantly, despite the measures announced, the Company remains ready to adjust to a quick ramp up of travel activity, when required".

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DESP Despegar.com
$6.70 /

-0.19 (-2.76%)

04/21/20 UBS
Despegar.com downgraded to Neutral from Buy at UBS
03/06/20 Citi
Citi initiates online travel space with mostly Buy ratings
03/06/20 Citi
Despegar.com initiated with a Buy at Citi
Over a month ago
Downgrade
Despegar.com downgraded to Neutral from Buy at UBS » 06:51
04/21/20
04/21
06:51
04/21/20
06:51
DESP

Despegar.com

$6.80 /

-0.04 (-0.58%)

UBS downgraded…

UBS downgraded Despegar.com to Neutral from Buy with a price target of $7, down from $16.

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DESP Despegar.com
$6.80 /

-0.04 (-0.58%)

03/06/20 Citi
Citi initiates online travel space with mostly Buy ratings
03/06/20 Citi
Despegar.com initiated with a Buy at Citi
Hot Stocks
Despegar.com: Cash position sufficient to meet needs for next 12 months » 06:10
04/13/20
04/13
06:10
04/13/20
06:10
DESP

Despegar.com

$7.78 /

+0.38 (+5.14%)

The company believes that…

The company believes that its existing cash and cash equivalents, together with expected cash flows generated from operating activities, will be sufficient to meet its currently-anticipated cash needs for the next twelve months. Unrestricted cash and cash equivalents are expected to amount to approximately $221M as of March 31, 2020, compared to $309.2M as of December 31, 2019.

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DESP Despegar.com
$7.78 /

+0.38 (+5.14%)

03/06/20 Citi
Citi initiates online travel space with mostly Buy ratings
03/06/20 Citi
Despegar.com initiated with a Buy at Citi
Hot Stocks
Despegar.com sees Q1 gross bookings approximately $790M » 06:08
04/13/20
04/13
06:08
04/13/20
06:08
DESP

Despegar.com

$7.78 /

+0.38 (+5.14%)

Gross bookings are…

Gross bookings are expected to amount to approximately $790M for the first quarter of 2020, compared to $1.158B during the first quarter of 2019, down 32% YoY. Gross bookings is an operating measure that represents the aggregate purchase price of all travel products booked by the company's travel customers through its platform during a given period.

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DESP Despegar.com
$7.78 /

+0.38 (+5.14%)

03/06/20 Citi
Citi initiates online travel space with mostly Buy ratings
03/06/20 Citi
Despegar.com initiated with a Buy at Citi
Earnings
Despegar.com sees Q1 revenue approximately $78M, consensus $96.92M » 06:06
04/13/20
04/13
06:06
04/13/20
06:06
DESP

Despegar.com

$7.78 /

+0.38 (+5.14%)

Operating loss is…

Operating loss is expected to range between ($26M)-($21M)for the first quarter of 2020, compared to operating income of $7.6M during the first quarter of 2019. Operating loss data for the first quarter of 2020 includes depreciation and amortization expenses and stock-based compensation expected to range between $8M-$10M. Q1 EPS consensus (4c).

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DESP Despegar.com
$7.78 /

+0.38 (+5.14%)

03/06/20 Citi
Citi initiates online travel space with mostly Buy ratings
03/06/20 Citi
Despegar.com initiated with a Buy at Citi
Hot Stocks
Despegar.com reports COVID-19 mitigation measures » 07:05
04/01/20
04/01
07:05
04/01/20
07:05
DESP

Despegar.com

$5.65 /

+0.08 (+1.44%)

Despegar.com provided a…

Despegar.com provided a further update on measures being taken in connection with the impact of COVID-19. Despegar had $313M in cash and $180M in credit card receivables as of December 31, 2019. Despegar claims to be free of any long term debt and only a minimal amount of short term debt to fund working capital, as well as bearing no customer credit risk and no relevant advances to suppliers outstanding. Despegar is assisting its customers with changes to their travel arrangements through reallocation of employees to assist with customer care, doubling the number of representatives handling inbound calls; increased automation capabilities of digital channels; providing customers with flexible conditions to defer their travel plans primarily through the issuance of vouchers. As of the end of last year, Despegar began to further streamline operations and outsourced its fulfillment centers. These initiatives have achieved an annualized cost reduction of approximately $16M, or 7% of its FY19 Structural Costs, following a workforce reduction of 568 full time employees. Additionally, since the beginning of the COVID-19 crisis, Despegar has been reducing all non-critical spend and re-adjusting Structural Costs to deliver an additional 35% YoY savings by the end of Q3 and preserve cash. Cost containment/ cash preservation measures include: reducing salaries of the Executive Committee, Board Directors, and senior management by 50% and middle management by 25% throughout Q2; eliminating 1H20 bonuses to all employees; implementing a hiring freeze and limiting inflation salary increases; reducing working hours and implementing unpaid leave in certain locations; renegotiating supplier payment terms and conditions; reviewing all contracts and commitments; deferring non-critical capital expenditures. Combined, the measures taken in 4Q19 and those being taken in response to Covid-19 are expected to result in annualized cost savings of approximately $90M, representing a total 40% YoY reduction in Structural Costs by the end of Q3. The company has significantly reduced marketing investments, anticipated to result in additional savings of approximately $35M in Q2.

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DESP Despegar.com
$5.65 /

+0.08 (+1.44%)

03/06/20 Citi
Citi initiates online travel space with mostly Buy ratings
03/06/20 Citi
Despegar.com initiated with a Buy at Citi
Earnings
Despegar.com withdraws Q1 guidance due to worsening COVID-19 impact » 16:07
03/20/20
03/20
16:07
03/20/20
16:07
DESP

Despegar.com

$7.03 /

+0.345 (+5.16%)

Despegar.com announced…

Despegar.com announced that management is withdrawing Q1 guidance provided during its Q4 earnings call that took place on March 5 as the extent and duration of COVID-19 and the impact it will have on the travel industry, is difficult to predict at this time. As many countries issued travel and flight restrictions to mitigate the consequences of the spread of COVID-19, the travel market has deteriorated more than anticipated at the time of the company's Q4 earnings call.

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DESP Despegar.com
$7.03 /

+0.345 (+5.16%)

03/06/20 Citi
Citi initiates online travel space with mostly Buy ratings
03/06/20 Citi
Despegar.com initiated with a Buy at Citi
On The Fly
Fly Intel: Chipotle upgrade, Lyft initiation among today’s Wall Street top calls » 09:54
03/06/20
03/06
09:54
03/06/20
09:54
CMG

Chipotle

$699.99 /

-28.8 (-3.95%)

, BJ

BJ's Wholesale

$23.88 /

+0.87 (+3.78%)

, LYFT

Lyft

$36.02 /

-1.05 (-2.83%)

, UBER

Uber

$30.93 /

-1.28 (-3.97%)

, RJF

Raymond James

$71.72 /

-3.06 (-4.09%)

, ETFC

E-Trade

$41.47 /

-1.46 (-3.40%)

, IBKR

Interactive Brokers

$46.20 /

-1.89 (-3.93%)

, LPLA

LPL Financial

$65.59 /

-0.6 (-0.91%)

, SF

Stifel Financial

$50.19 /

-1.55 (-3.00%)

, AMTD

TD Ameritrade

$34.91 /

-1.02 (-2.84%)

, SCHW

Charles Schwab

$33.89 /

-0.9 (-2.59%)

, BKNG

Booking Holdings

$1,634.41 /

-16.09 (-0.97%)

, EXPE

Expedia

$89.71 /

-1.8 (-1.97%)

, DESP

Despegar.com

$11.21 /

+ (+0.00%)

, TRVG

Trivago

$1.65 /

-0.09 (-5.17%)

, TRIP

TripAdvisor

$22.00 /

+0.275 (+1.27%)

Check out today's top…

Open Full Text

ShowHide Related Items >><<
CMG Chipotle
$699.99 /

-28.8 (-3.95%)

03/06/20 William Blair
Chipotle upgraded to Outperform from Market Perform at William Blair
03/04/20
Fly Intel: Top five analyst upgrades
03/04/20 Wells Fargo
Chipotle shares 'on sale,' headed to $1,000, says Wells Fargo in upgrade
03/04/20 Wells Fargo
Chipotle upgraded to Overweight from Equal Weight at Wells Fargo
BJ BJ's Wholesale
$23.88 /

+0.87 (+3.78%)

03/06/20
Fly Intel: Top five analyst upgrades
03/06/20 Loop Capital
Investors should buy BJ's Wholesale dip, says Loop Capital
03/06/20 JPMorgan
JPMorgan upgrades BJ's Wholesale to Overweight, adds to Focus List
03/06/20 JPMorgan
BJ's Wholesale upgraded to Overweight from Neutral at JPMorgan
LYFT Lyft
$36.02 /

-1.05 (-2.83%)

03/06/20
Fly Intel: Top five analyst initiations
03/06/20 Piper Sandler
Lyft may benefit from COVID-19 driven recession, says at Piper Sandler
03/05/20 Needham
Lyft initiated with a Buy at Needham
03/04/20 JPMorgan
Lyft shares 'extremely compelling' after 31% pullback, says JPMorgan
UBER Uber
$30.93 /

-1.28 (-3.97%)

03/03/20 Deutsche Bank
Deutsche says buy Lyft and Uber on coronavirus-related pullbacks
03/03/20 Bernstein
Bernstein sees Uber exiting more Eats markets in push towards profitability
03/03/20 Needham
Needham adds Uber to Conviction Buy list
RJF Raymond James
$71.72 /

-3.06 (-4.09%)

03/06/20 Wells Fargo
Wells Fargo cuts price targets for brokers on lower interest rate environment
03/06/20 Wells Fargo
Raymond James downgraded at Wells Fargo on lower interest rate environment
03/06/20 Wells Fargo
Raymond James downgraded to Equal Weight from Overweight at Wells Fargo
03/04/20 Citi
Raymond James downgraded to Sell from Neutral at Citi
ETFC E-Trade
$41.47 /

-1.46 (-3.40%)

02/27/20 UBS
E-Trade downgraded to Neutral from Buy at UBS
02/26/20 Raymond James
E-Trade downgraded at Raymond James following sale announcement
02/26/20 Raymond James
E-Trade downgraded to Market Perform from Outperform at Raymond James
IBKR Interactive Brokers
$46.20 /

-1.89 (-3.93%)

10/03/19 Wells Fargo
Wells Fargo downgrades E-Brokers after material commission cuts
10/02/19
Fly Intel: Top five analyst upgrades
10/02/19 Compass Point
Interactive Brokers upgraded to Buy from Neutral at Compass Point
LPLA LPL Financial
$65.59 /

-0.6 (-0.91%)

03/04/20 Citi
LPL Financial downgraded to Neutral from Buy at Citi
01/09/20 Wells Fargo
LPL Financial price target raised to $100 from $81 at Wells Fargo
SF Stifel Financial
$50.19 /

-1.55 (-3.00%)

01/09/20 Wells Fargo
Stifel Financial price target raised to $68 from $60 at Wells Fargo
10/04/19 Wells Fargo
Wells cuts estimates and targets for LPL Financial, Raymond James, Stifel
05/30/19 Compass Point
Stifel Financial initiated with a Buy at Compass Point
AMTD TD Ameritrade
$34.91 /

-1.02 (-2.84%)

01/28/20 Deutsche Bank
Deutsche Bank initiates 'Buy Catalyst Call' on Charles Schwab
01/24/20 Morgan Stanley
E-Trade strategic actions up Morgan Stanley confidence in Schwab deal approval
SCHW Charles Schwab
$33.89 /

-0.9 (-2.59%)

BKNG Booking Holdings
$1,634.41 /

-16.09 (-0.97%)

03/06/20
Fly Intel: Top five analyst downgrades
03/06/20 Argus
Booking Holdings downgraded to Hold from Buy at Argus
03/06/20 Citi
Citi initiates online travel space with mostly Buy ratings
03/06/20 Citi
Booking Holdings initiated with a Buy at Citi
EXPE Expedia
$89.71 /

-1.8 (-1.97%)

03/06/20 Citi
Expedia initiated with a Buy at Citi
03/03/20 Jefferies
Booking, Expedia, TripAdvisor price targets lowered at Jefferies
02/26/20 DA Davidson
Expedia price target lowered to $123 from $130 at DA Davidson
DESP Despegar.com
$11.21 /

+ (+0.00%)

03/06/20 Citi
Despegar.com initiated with a Buy at Citi
TRVG Trivago
$1.65 /

-0.09 (-5.17%)

03/06/20 Citi
Trivago initiated with a Buy at Citi
02/13/20 Mizuho
Trivago price target lowered to $3.30 from $4 at Mizuho
01/30/20 Goldman Sachs
Expedia downgraded to Neutral from Buy at Goldman Sachs
TRIP TripAdvisor
$22.00 /

+0.275 (+1.27%)

03/06/20 Citi
TripAdvisor initiated with a Neutral at Citi
02/18/20 DA Davidson
TripAdvisor price target lowered to $36 from $44 at DA Davidson
On The Fly
Fly Intel: Pre-market Movers » 09:02
03/06/20
03/06
09:02
03/06/20
09:02
TGNA

Tegna

$13.45 /

-0.82 (-5.75%)

, CBB

Cincinnati Bell

$15.40 /

+0.755 (+5.16%)

, DESP

Despegar.com

$11.21 /

-0.78 (-6.51%)

, AMD

AMD

$48.16 /

-1.94 (-3.87%)

, MR

Montage Resources

$2.89 /

-0.05 (-1.70%)

, AOBC

American Outdoor Brands

$10.44 /

-0.39 (-3.60%)

, HRB

H&R Block

$20.85 /

-1.02 (-4.66%)

, ON

ON Semiconductor

$17.83 /

-0.9 (-4.81%)

, SBUX

Starbucks

$76.21 /

-3.46 (-4.34%)

, AQUA

Evoqua Water

$20.34 /

-2.11 (-9.40%)

Check out this morning's…

Open Full Text

ShowHide Related Items >><<
TGNA Tegna
$13.45 /

-0.82 (-5.75%)

01/17/20 Argus
Tegna price target raised to $21 from $17 at Argus
01/10/20 Benchmark
Tegna price target raised to $21 from $18 at Benchmark
12/11/19 Guggenheim
Guggenheim says Nexstar, Gray best positioned for 'record' political cycle
10/28/19 JPMorgan
Tegna reinstated with a Neutral at JPMorgan
CBB Cincinnati Bell
$15.40 /

+0.755 (+5.16%)

01/02/20 Wells Fargo
Cincinnati Bell downgraded to Equal Weight from Overweight at Wells Fargo
12/24/19 UBS
Cincinnati Bell downgraded to Neutral at UBS after Brookfield acquisition
08/09/19 UBS
Cincinnati Bell upgraded to Buy from Neutral at UBS
DESP Despegar.com
$11.21 /

-0.78 (-6.51%)

03/06/20 Citi
Citi initiates online travel space with mostly Buy ratings
03/06/20 Citi
Despegar.com initiated with a Buy at Citi
AMD AMD
$48.16 /

-1.94 (-3.87%)

03/06/20 Deutsche Bank
AMD price target raised to $50 from $42 at Deutsche Bank
03/06/20 Cowen
AMD analyst day echoed core tents of buy thesis, says Cowen
03/06/20 Craig-Hallum
AMD upgraded to Buy from Hold at Craig-Hallum
03/06/20 Nomura Instinet
AMD targets for 2023 imply rapid revenue growth, says Nomura Instinet
MR Montage Resources
$2.89 /

-0.05 (-1.70%)

03/03/20
Fly Intel: Top five analyst initiations
03/03/20 Roth Capital
Montage Resources initiated with a Buy at Roth Capital
02/04/20 Imperial Capital
Montage Resources price target lowered to $6 from $7 at Imperial Capital
12/06/19
Fly Intel: Top five analyst upgrades
AOBC American Outdoor Brands
$10.44 /

-0.39 (-3.60%)

11/14/19 Craig-Hallum
American Outdoor Brands price target raised to $12 from $10 at Craig-Hallum
10/09/19
Fly Intel: Top five analyst upgrades
10/09/19
American Outdoor Brands upgraded to Buy on valuation, catalysts at Craig-Hallum
10/09/19 Craig-Hallum
American Outdoor Brands upgraded to Buy from Hold at Craig-Hallum
HRB H&R Block
$20.85 /

-1.02 (-4.66%)

02/27/20 Standpoint Research
H&R Block upgraded to Buy from Hold at Standpoint Research
02/07/20 BMO Capital
H&R Block could reactively negatively to Week 1 tax return numbers, says BMO
11/21/19 Jefferies
Jefferies initiates Diversifed Services sector
11/21/19 Jefferies
H&R Block initiated with a Hold at Jefferies
ON ON Semiconductor
$17.83 /

-0.9 (-4.81%)

02/04/20
Fly Intel: Top five analyst downgrades
02/04/20 Loop Capital
ON Semiconductor downgraded to Hold from Buy at Loop Capital
02/04/20 Cowen
ON Semiconductor price target lowered to $24 from $28 at Cowen
02/04/20 Citi
ON Semiconductor price target lowered to $23 from $24.50 at Citi
SBUX Starbucks
$76.21 /

-3.46 (-4.34%)

03/06/20 Wedbush
Starbucks price target lowered to $84 from $95 at Wedbush
03/06/20 MKM Partners
Starbucks price target lowered to $92 from $105 at MKM Partners
03/06/20 Goldman Sachs
Starbucks price target lowered to $82 from $95 at Goldman Sachs
03/06/20 Credit Suisse
Starbucks price target lowered to $95 from $105 at Credit Suisse
AQUA Evoqua Water
$20.34 /

-2.11 (-9.40%)

02/05/20 RBC Capital
Evoqua Water price target raised to $26 from $22 at RBC Capital
01/15/20 Jefferies
Evoqua Water initiated with a Hold at Jefferies
12/15/19 Stifel
Evoqua Water price target raised to $22 from $20 at Stifel
12/06/19 Goldman Sachs
Evoqua Water downgraded to Neutral from Buy at Goldman Sachs
  • 06
    Mar

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