Lindblad Expeditions (NASDAQ:LIND) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Lindblad Expeditions (NASDAQ:LIND – Free Report) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

A number of other analysts have also weighed in on LIND. Stifel Nicolaus set a $18.00 price objective on shares of Lindblad Expeditions and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Craig Hallum set a $16.00 price target on Lindblad Expeditions and gave the stock a “buy” rating in a report on Friday, May 23rd. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Lindblad Expeditions currently has a consensus rating of “Buy” and an average price target of $17.00.

Check Out Our Latest Stock Report on LIND

Lindblad Expeditions Stock Performance

NASDAQ:LIND opened at $13.05 on Friday. The firm has a market capitalization of $715.01 million, a PE ratio of -43.50 and a beta of 2.63. The stock’s fifty day moving average is $13.29 and its 200 day moving average is $11.21. Lindblad Expeditions has a fifty-two week low of $7.45 and a fifty-two week high of $15.06.

Lindblad Expeditions (NASDAQ:LIND – Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.11. The firm 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. Equities analysts forecast that Lindblad Expeditions will post -0.43 EPS for the current year.

Insider Buying and Selling at Lindblad Expeditions

In related news, insider Trey Byus sold 16,585 shares of Lindblad Expeditions stock in a transaction dated 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 sale, the insider directly owned 128,996 shares in the company, valued at $1,919,460.48. The trade was a 11.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Benjamin Bressler sold 200,700 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $14.19, for a total transaction of $2,847,933.00. Following the completion of the sale, the chief executive officer directly owned 23,466 shares of the company’s stock, valued at approximately $332,982.54. This trade represents a 89.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 568,553 shares of company stock worth $7,908,923 over the last 90 days. 34.00% of the stock is currently owned by company insiders.

Institutional Trading of Lindblad Expeditions

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its stake in shares of Lindblad Expeditions by 3,188.1% during the 1st quarter. GAMMA Investing LLC now owns 2,762 shares of the company’s stock worth $26,000 after purchasing an additional 2,678 shares during the last quarter. Osaic Holdings Inc. raised its holdings in Lindblad Expeditions by 58.1% in the second quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock worth $41,000 after purchasing an additional 1,322 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of 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 last quarter. Quantbot Technologies LP boosted its holdings in shares of Lindblad Expeditions by 28.3% in the 1st 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 in the last quarter. Finally, AlphaQuest LLC grew its position in shares of Lindblad Expeditions by 167.4% in the 2nd 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. Institutional investors own 75.94% of the company’s stock.

Lindblad Expeditions Company Profile

(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.

Featured Articles