Lindblad Expeditions (NASDAQ:LIND – Get Free Report) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.
Several other equities research analysts also recently weighed in on the stock. Stifel Nicolaus set a $18.00 price target on shares of Lindblad Expeditions and gave the company a “buy” rating in a research note on Tuesday, August 5th. Craig Hallum set a $16.00 target price on Lindblad Expeditions and gave the company a “buy” rating in a research note on Friday, May 23rd. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $17.00.
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Lindblad Expeditions Stock Performance
Shares of LIND stock opened at $13.42 on Friday. Lindblad Expeditions has a fifty-two week low of $7.45 and a fifty-two week high of $15.06. The stock has a 50 day simple moving average of $13.28 and a two-hundred day simple moving average of $11.20. The company has a market cap of $735.28 million, a P/E ratio of -44.73 and a beta of 2.63.
Lindblad Expeditions (NASDAQ:LIND – Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.11. The business had revenue of $167.95 million for the quarter, compared to the consensus estimate of $158.97 million. Lindblad Expeditions has set its FY 2025 guidance at EPS. On average, research analysts predict that Lindblad Expeditions will post -0.43 earnings per share for the current year.
Insider Activity
In other Lindblad Expeditions news, CEO Benjamin Bressler sold 21,137 shares of Lindblad Expeditions stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $15.01, for a total transaction of $317,266.37. Following the transaction, the chief executive officer owned 23,466 shares of the company’s stock, valued at $352,224.66. This trade represents a 47.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Trey Byus sold 16,585 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $14.88, for a total value of $246,784.80. Following the completion of the transaction, the insider owned 128,996 shares in the company, valued at $1,919,460.48. The trade was a 11.39% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 568,553 shares of company stock valued at $7,908,923. 34.00% of the stock is currently owned by corporate insiders.
Institutional Trading of Lindblad Expeditions
Hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC grew its stake in Lindblad Expeditions by 3,188.1% in the 1st quarter. GAMMA Investing LLC now owns 2,762 shares of the company’s stock valued at $26,000 after purchasing an additional 2,678 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of Lindblad Expeditions by 58.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock worth $41,000 after buying an additional 1,322 shares during the last quarter. Quantbot Technologies LP grew its position in Lindblad Expeditions by 28.3% during the first quarter. Quantbot Technologies LP now owns 6,090 shares of the company’s stock valued at $56,000 after buying an additional 1,345 shares during the period. Tower Research Capital LLC TRC grew its position in Lindblad Expeditions by 222.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock valued at $56,000 after buying an additional 3,311 shares during the period. Finally, AlphaQuest LLC increased its holdings in Lindblad Expeditions by 167.4% during the second quarter. AlphaQuest LLC now owns 8,669 shares of the company’s stock worth $101,000 after buying an additional 5,427 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors.
About Lindblad Expeditions
(Get Free Report)
Lindblad Expeditions Holdings, Inc provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segment. Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet’s wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California’s Sea of Cortez and Panama, and foster engagement activities.
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