Inspirato (NASDAQ:ISPO) Stock Price Down 3.3% – Here’s What Happened

Inspirato Incorporated (NASDAQ:ISPOGet Free Report)’s share price dropped 3.3% during trading on Monday . The stock traded as low as $4.05 and last traded at $4.35. Approximately 29,760 shares changed hands during trading, a decline of 87% from the average daily volume of 222,303 shares. The stock had previously closed at $4.50.

Inspirato Stock Performance

The firm has a market capitalization of $47.69 million, a price-to-earnings ratio of -1.00 and a beta of 0.02. The business’s 50 day moving average is $4.67 and its 200-day moving average is $4.17.

Inspirato (NASDAQ:ISPOGet Free Report) last posted its quarterly earnings data on Monday, February 24th. The company reported ($0.21) earnings per share for the quarter, topping the consensus estimate of ($1.09) by $0.88. The company had revenue of $63.11 million during the quarter, compared to the consensus estimate of $58.34 million. Equities research analysts forecast that Inspirato Incorporated will post -2.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Inspirato

Several hedge funds have recently modified their holdings of the company. Commonwealth Equity Services LLC raised its stake in Inspirato by 36.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 111,434 shares of the company’s stock worth $370,000 after buying an additional 30,028 shares during the period. Geode Capital Management LLC grew its stake in shares of Inspirato by 39.1% in the 4th quarter. Geode Capital Management LLC now owns 37,781 shares of the company’s stock worth $125,000 after acquiring an additional 10,612 shares in the last quarter. Finally, AdvisorShares Investments LLC purchased a new stake in Inspirato in the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 39.54% of the company’s stock.

Inspirato Company Profile

(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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