Inspirato (NASDAQ:ISPO) Shares Up 9.2% – Here’s What Happened

Inspirato Incorporated (NASDAQ:ISPO) shot up 9.2% during trading on Monday . The company traded as high as $7.17 and last traded at $6.99. 147,034 shares traded hands during trading, an increase of 167% from the average session volume of 55,020 shares. The stock had previously closed at $6.40.

Inspirato Stock Performance

The firm’s fifty day moving average price is $4.00 and its 200 day moving average price is $4.04. The firm has a market cap of $66.48 million, a P/E ratio of -1.40 and a beta of -0.11.

Inspirato (NASDAQ:ISPO) last announced its earnings results 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 during the quarter, compared to analyst estimates of $64.94 million. During the same quarter in the previous year, the business earned ($6.26) earnings per share. As a group, analysts expect that Inspirato Incorporated will post -2.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Inspirato news, CEO Payam Zamani purchased 20,420 shares of the stock in a transaction on Monday, November 18th. The stock was acquired at an average price of $3.49 per share, with a total value of $71,265.80. Following the completion of the acquisition, the chief executive officer now owns 1,090,420 shares in the company, valued at $3,805,565.80. The trade was a 1.91 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In the last 90 days, insiders bought 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 currently owned by company insiders.

Institutional Trading of Inspirato

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

Inspirato Company Profile

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.