Inspirato (NASDAQ:ISPO) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research lowered shares of Inspirato (NASDAQ:ISPOGet Rating) from a hold rating to a sell rating in a research report report published on Thursday, Zacks.com reports.

According to Zacks, “Inspirato Inc. is the luxury travel subscription brand which provides affluent travelers access to a managed and controlled portfolio of hand-selected vacation options, delivered through a subscription model to ensure the service and certainty which affluent customers demand. The Inspirato portfolio includes branded luxury vacation homes available exclusively to subscribers and guests, accommodations at five-star hotel and resort partners and custom travel experiences. Inspirato Inc., formerly known as Thayer Ventures Acquisition Corporation, is based in DENVER. “

Several other research firms also recently weighed in on ISPO. Stifel Nicolaus began coverage on shares of Inspirato in a report on Thursday, March 17th. They issued a hold rating and a $10.00 target price for the company. Piper Sandler started coverage on shares of Inspirato in a research report on Thursday, March 17th. They issued an overweight rating and a $12.00 price target for the company.

Inspirato stock opened at $7.19 on Thursday. Inspirato has a fifty-two week low of $7.06 and a fifty-two week high of $108.00.

In other news, major shareholder Technology Value Pa Millennium sold 38,690 shares of Inspirato stock in a transaction on Thursday, March 10th. The shares were sold at an average price of $12.57, for a total transaction of $486,333.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director R Scot Sellers sold 84,432 shares of Inspirato stock in a transaction on Tuesday, March 15th. The stock was sold at an average price of $10.10, for a total transaction of $852,763.20. The disclosure for this sale can be found here. Insiders sold a total of 321,578 shares of company stock valued at $3,347,181 in the last three months.

About Inspirato (Get Rating)

Inspirato Incorporated operates as a subscription-based luxury travel company. The company provides affluent travelers access to a managed and controlled portfolio of hand-selected vacation options. Its portfolio includes branded luxury vacation homes available exclusively to subscribers and guests. The company was founded in 2010 and is based in Denver, Colorado.

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