Inspirato (NASDAQ:ISPO) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Inspirato (NASDAQ:ISPOGet Rating) from a sell rating to a hold rating in a research note published on Friday 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. “

A number of other brokerages have also recently weighed in on ISPO. Stifel Nicolaus assumed coverage on shares of Inspirato in a research note on Thursday, March 17th. They set a hold rating and a $10.00 price objective for the company. Cantor Fitzgerald assumed coverage on shares of Inspirato in a research note on Thursday, April 7th. They set a neutral rating and a $9.00 price objective for the company. Finally, Piper Sandler initiated coverage on shares of Inspirato in a research note on Thursday, March 17th. They set an overweight rating and a $12.00 price objective for the company.

Shares of ISPO opened at $6.23 on Friday. The stock’s 50 day simple moving average is $18.75. Inspirato has a 1-year low of $6.00 and a 1-year high of $108.00.

In other news, Director R Scot Sellers sold 84,432 shares of the company’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, 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 on Thursday, March 10th. The stock was sold at an average price of $12.57, for a total value of $486,333.30. 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 over the last ninety days.

Inspirato Company Profile (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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