Zacks Investment Research Lowers Inspirato (NASDAQ:ISPO) to Sell

Zacks Investment Research cut shares of Inspirato (NASDAQ:ISPO – Get Rating) from a hold rating to a sell rating in a research note published on Wednesday 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. “

Other equities analysts have also issued research reports about the company. Cantor Fitzgerald started coverage on Inspirato in a report on Thursday, April 7th. They set a neutral rating and a $9.00 price objective on the stock. Stifel Nicolaus started coverage on shares of Inspirato in a research note on Thursday, March 17th. They set a hold rating and a $10.00 target price for the company. Finally, Piper Sandler started coverage on shares of Inspirato in a research note on Thursday, March 17th. They set an overweight rating and a $12.00 target price for the company.

Shares of ISPO stock opened at $5.13 on Wednesday. The business’s 50-day moving average price is $7.74. Inspirato has a 1 year low of $4.67 and a 1 year high of $108.00.

Inspirato (NASDAQ:ISPO – Get Rating) last issued its quarterly earnings data on Thursday, March 10th. The company reported ($7.39) earnings per share (EPS) for the quarter. The business had revenue of $68.36 million during the quarter, compared to the consensus estimate of $58.97 million. As a group, sell-side analysts forecast that Inspirato will post -0.82 EPS for the current year.

In related news, major shareholder Technology Value Pa Millennium sold 38,690 shares of the firm’s stock in a transaction dated Thursday, March 10th. The shares were sold at an average price of $12.57, for a total value of $486,333.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Bradley A. Handler sold 31,642 shares of the firm’s stock in a transaction dated Tuesday, March 15th. The shares were sold at an average price of $10.10, for a total transaction of $319,584.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 321,578 shares of company stock valued at $3,347,181.

A number of large investors have recently made changes to their positions in ISPO. Citigroup Inc. acquired a new stake in shares of Inspirato during the 1st quarter valued at approximately $270,000. Citizens Financial Group Inc RI acquired a new stake in shares of Inspirato during the 1st quarter valued at approximately $342,000. Truist Financial Corp acquired a new stake in shares of Inspirato during the 1st quarter valued at approximately $398,000. Transform Wealth LLC acquired a new stake in shares of Inspirato during the 1st quarter valued at approximately $398,000. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of Inspirato during the 1st quarter valued at approximately $536,000.

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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