Commonwealth Equity Services LLC Acquires New Position in Inspirato Incorporated (NASDAQ: ISPO)


Commonwealth Equity Services LLC acquired a new stake in shares of Inspirato Incorporated (NASDAQ: ISPO – Get Rating) during the first quarter, according to its latest disclosure to the Securities & Exchange Commission. The fund acquired 54,012 shares of the company, valued at around $536,000. Commonwealth Equity Services LLC owned approximately 0.25% of Inspirato when it last filed with the Securities & Exchange Commission.

Separately, Truist Financial Corp bought a new position in Inspirato during the first quarter worth approximately $398,000.

Analyst upgrades and downgrades

A number of brokerages have recently commented on ISPO. Piper Sandler lowered her price target on Inspirato shares from $9.00 to $7.00 and set an “overweight” rating on the stock in a Tuesday, Aug. 9 research report. Stifel Nicolaus lowered his price target on Inspirato shares from $7.00 to $6.00 in a Tuesday, June 28 research report. Evercore ISI began covering Inspirato shares in a research report on Friday, May 20. They issued an “in-line” rating and a target price of $6.00 for the company. Cantor Fitzgerald upgraded Inspirato’s shares from a “neutral” rating to an “overweight” rating and set a target price of $8.00 for the company in a Tuesday, August 9 research report. Finally, Oppenheimer began covering Inspirato shares in a research report on Tuesday, June 14. They issued a “market performance” rating for the company. Two investment analysts gave the stock a hold rating and two gave the company a buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $6.75.

Insider buying and selling

Separately, CEO Brent L. Handler sold 73,466 shares of the company in a trade on Tuesday, August 16. The shares were sold at an average price of $3.48, for a total transaction of $255,661.68. Following the completion of the sale, the CEO now directly owns 860,249 shares of the company, valued at approximately $2,993,666.52. The transaction was disclosed in a legal filing with the SEC, which is available via this link. Separately, CEO Brent L. Handler sold 73,466 shares of the company in a trade on Tuesday, August 16. The shares were sold at an average price of $3.48, for a total transaction of $255,661.68. Following the completion of the sale, the CEO now directly owns 860,249 shares of the company, valued at approximately $2,993,666.52. The transaction was disclosed in a legal filing with the SEC, which is available via this link. Additionally, CEO Brent L. Handler sold 15,879 shares of the company in a trade on Wednesday, August 10. The stock was sold at an average price of $3.92, for a total transaction of $62,245.68. As a result of the sale, the CEO now directly owns 1,234,121 shares of the company, valued at $4,837,754.32. The disclosure of this sale can be found here.

Inspirato stock down 4.2%

NASDAQ ISPO opened at $3.09 on Friday. The company’s fifty-day moving average price is $4.57. Inspirato Incorporated has a 1 year minimum of $2.88 and a 1 year maximum of $108.00.

Inspirato Company Profile

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Inspirato Incorporated operates as a luxury subscription travel agency. The company offers 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.

Further reading

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Institutional ownership by quarter for Inspirato (NASDAQ: ISPO)



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