Inspirato (NASDAQ:ISPO) Stock Price Up 9.2% – Still a Buy?

Inspirato Incorporated (NASDAQ:ISPOGet Free Report)’s share price shot up 9.2% during mid-day trading on Monday . The stock traded as high as $7.17 and last traded at $6.99. 147,034 shares were traded during mid-day trading, an increase of 167% from the average session volume of 55,020 shares. The stock had previously closed at $6.40.

Inspirato Trading Up 9.2 %

The stock has a market capitalization of $75.56 million, a PE ratio of -1.59 and a beta of -0.11. The business’s 50 day moving average is $4.00 and its 200 day moving average is $4.04.

Inspirato (NASDAQ:ISPOGet Free Report) last announced its quarterly earnings data on Monday, October 28th. The company reported ($2.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.77) by ($0.28). The business had revenue of $69.11 million for the quarter, compared to analyst estimates of $64.94 million. During the same period in the prior year, the firm posted ($6.26) earnings per share. As a group, analysts anticipate that Inspirato Incorporated will post -2.35 EPS for the current year.

Insider Activity at Inspirato

In other news, CEO Payam Zamani acquired 20,420 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average price of $3.49 per share, with a total value of $71,265.80. Following the completion of the purchase, the chief executive officer now directly owns 1,090,420 shares in the company, valued at $3,805,565.80. This trade represents a 1.91 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders acquired 970,980 shares of company stock worth $1,928,666,726,739 and sold 20,690 shares worth $73,579. 42.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Inspirato

An institutional investor recently bought a new position in Inspirato stock. AXA S.A. acquired a new stake in Inspirato Incorporated (NASDAQ:ISPOFree Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 364,571 shares of the company’s stock, valued at approximately $1,276,000. AXA S.A. owned approximately 5.57% of Inspirato at the end of the most recent reporting period. Institutional investors and hedge funds own 39.54% of the company’s stock.

About Inspirato

(Get Free Report)

Inspirato Incorporated, together with its subsidiaries, operates as a subscription-based luxury travel company. The company's portfolio includes luxury vacation homes, and accommodations at luxury hotels and resorts, as well as luxury safaris, cruises, custom-designed itineraries, and other experiences.

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