Inspirato (NASDAQ:ISPO) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Inspirato (NASDAQ:ISPOGet Rating) from a sell rating to a hold rating in a report published on Thursday morning, 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 analysts also recently issued reports on the company. Cantor Fitzgerald initiated coverage on Inspirato in a research note on Thursday, April 7th. They issued a neutral rating and a $9.00 price target for the company. Piper Sandler initiated coverage on Inspirato in a research report on Thursday, March 17th. They set an overweight rating and a $12.00 target price for the company. Finally, Stifel Nicolaus initiated coverage on Inspirato in a research report on Thursday, March 17th. They set a hold rating and a $10.00 target price for the company.

Shares of NASDAQ:ISPO traded down $0.22 during trading on Thursday, hitting $5.20. 4,482 shares of the company were exchanged, compared to its average volume of 823,932. Inspirato has a fifty-two week low of $5.26 and a fifty-two week high of $108.00. The firm has a fifty day simple moving average of $12.58.

Inspirato (NASDAQ:ISPOGet Rating) last posted its earnings results on Thursday, March 10th. The company reported ($7.39) earnings per share for the quarter. The company had revenue of $68.36 million during the quarter, compared to analyst estimates of $58.97 million. As a group, equities research analysts forecast that Inspirato will post -0.82 EPS for the current year.

In other news, Chairman Bradley A. Handler sold 31,642 shares of the stock in a transaction dated Tuesday, March 15th. The stock was sold at an average price of $10.10, for a total value of $319,584.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director R Scot Sellers sold 84,432 shares of the stock in a transaction dated Tuesday, March 15th. The shares were sold at an average price of $10.10, for a total value of $852,763.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 321,578 shares of company stock valued at $3,347,181.

Several institutional investors have recently made changes to their positions in the stock. Truist Financial Corp bought a new stake in shares of Inspirato during the 1st quarter valued at about $398,000. Transform Wealth LLC bought a new stake in shares of Inspirato during the 1st quarter valued at about $398,000. Commonwealth Equity Services LLC bought a new stake in shares of Inspirato during the 1st quarter valued at about $536,000. Finally, W Capital Management LLC bought a new stake in shares of Inspirato during the 1st quarter valued at about $72,477,000.

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.

Further Reading

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