Brokerages Anticipate Inspirato Incorporated (NASDAQ:ISPO) Will Post Quarterly Sales of $83.65 Million

Wall Street analysts forecast that Inspirato Incorporated (NASDAQ:ISPOGet Rating) will announce sales of $83.65 million for the current quarter, Zacks reports. Three analysts have issued estimates for Inspirato’s earnings, with the highest sales estimate coming in at $86.48 million and the lowest estimate coming in at $78.48 million. The company is expected to issue its next earnings results on Monday, January 1st.

On average, analysts expect that Inspirato will report full-year sales of $353.63 million for the current fiscal year, with estimates ranging from $352.14 million to $354.86 million. For the next fiscal year, analysts anticipate that the business will post sales of $485.19 million, with estimates ranging from $479.97 million to $491.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Inspirato.

Inspirato (NASDAQ:ISPOGet Rating) last posted its quarterly earnings results on Thursday, March 10th. The company reported ($7.39) earnings per share for the quarter. The business had revenue of $68.36 million for the quarter, compared to analysts’ expectations of $58.97 million.

ISPO has been the subject of several recent research reports. Stifel Nicolaus initiated coverage on shares of Inspirato in a research report on Thursday, March 17th. They set a “hold” rating and a $10.00 target price for the company. Zacks Investment Research downgraded shares of Inspirato from a “hold” rating to a “sell” rating in a research report on Wednesday. Piper Sandler reduced their price objective on shares of Inspirato from $12.00 to $9.00 in a research report on Friday. Finally, Cantor Fitzgerald initiated coverage on shares of Inspirato in a research note on Thursday, April 7th. They issued a “neutral” rating and a $9.00 target price on the stock.

NASDAQ:ISPO opened at $5.13 on Friday. The stock’s 50-day simple moving average is $8.17. Inspirato has a one year low of $4.67 and a one year high of $108.00.

In related news, Chairman Bradley A. Handler sold 31,642 shares of the company’s stock in a transaction that occurred on Tuesday, March 15th. The shares were sold at an average price of $10.10, for a total transaction of $319,584.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Technology Value Pa Millennium sold 38,690 shares of the company’s stock in a transaction that occurred on Thursday, March 10th. The shares were sold at an average price of $12.57, for a total transaction of $486,333.30. The disclosure for this sale can be found here. Insiders have sold a total of 321,578 shares of company stock worth $3,347,181 over the last 90 days.

A number of hedge funds and other institutional investors have recently bought and sold shares of ISPO. Truist Financial Corp purchased a new stake in Inspirato in the 1st quarter worth approximately $398,000. Transform Wealth LLC purchased a new stake in Inspirato in the 1st quarter worth approximately $398,000. Commonwealth Equity Services LLC purchased a new stake in Inspirato in the 1st quarter worth approximately $536,000. W Capital Management LLC bought a new position in shares of Inspirato in the 1st quarter worth $72,477,000. Finally, JFG Wealth Management LLC bought a new position in shares of Inspirato in the 1st quarter worth $791,000.

Inspirato Company Profile (Get Rating)

Inspirato Incorporated operates as a subscription-based luxury travel company. The company provides affluent travelers access to a portfolio of curated luxury vacation options. As of December 31, 2021, it had approximately 425 private luxury vacation homes available exclusively to subscribers; and accommodations at approximately 420 luxury hotel and resort partners worldwide.

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