Lindblad Expeditions (NASDAQ:LIND) Cut to "Hold" at Wall Street Zen

Key Points

• Lindblad Expeditions has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, reflecting a shift in analyst sentiment regarding the stock's performance.
• The company reported a quarterly revenue of $167.95 million and exceeded earnings expectations with an EPS of ($0.18), beating the consensus estimate of ($0.29).
• Insider trading activity includes CEO Benjamin Bressler selling 200,700 shares of stock, indicating significant changes in executive ownership and confidence in the company.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.

LIND has been the topic of several other reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Lindblad Expeditions in a report on Wednesday, October 8th. Stifel Nicolaus set a $18.00 price objective on shares of Lindblad Expeditions and gave the company a "buy" rating in a report on Tuesday, August 5th. Finally, Zacks Research raised shares of Lindblad Expeditions from a "hold" rating to a "strong-buy" rating in a report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $17.00.

Lindblad Expeditions Stock Performance

LIND stock opened at $12.49 on Friday. The firm has a market cap of $684.31 million, a PE ratio of -41.63 and a beta of 2.58. The firm's fifty day moving average is $13.21 and its 200 day moving average is $11.72. Lindblad Expeditions has a one year low of $7.45 and a one year high of $15.06.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.11. The firm had revenue of $167.95 million for the quarter, compared to analyst estimates of $158.97 million. Lindblad Expeditions has set its FY 2025 guidance at EPS. Research analysts predict that Lindblad Expeditions will post -0.43 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Benjamin Bressler sold 200,700 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $14.19, for a total value of $2,847,933.00. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Trey Byus sold 16,585 shares of the firm's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $14.88, for a total transaction of $246,784.80. Following the completion of the transaction, the insider directly owned 128,996 shares in the company, valued at approximately $1,919,460.48. This represents a 11.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 521,228 shares of company stock worth $7,292,752. Insiders own 34.00% of the company's stock.

Hedge Funds Weigh In On Lindblad Expeditions

Several hedge funds and other institutional investors have recently modified their holdings of the business. Ariel Investments LLC lifted its stake in shares of Lindblad Expeditions by 6.0% in the first quarter. Ariel Investments LLC now owns 7,777,768 shares of the company's stock worth $72,100,000 after buying an additional 441,046 shares in the last quarter. Vanguard Group Inc. raised its stake in Lindblad Expeditions by 2.5% during the first quarter. Vanguard Group Inc. now owns 2,270,726 shares of the company's stock worth $21,050,000 after purchasing an additional 55,003 shares during the period. Anchor Capital Management Company LLC raised its stake in Lindblad Expeditions by 8.2% during the second quarter. Anchor Capital Management Company LLC now owns 1,779,903 shares of the company's stock worth $20,771,000 after purchasing an additional 135,000 shares during the period. Penn Capital Management Company LLC raised its stake in Lindblad Expeditions by 110.0% during the first quarter. Penn Capital Management Company LLC now owns 944,505 shares of the company's stock worth $8,766,000 after purchasing an additional 494,709 shares during the period. Finally, Geode Capital Management LLC raised its stake in Lindblad Expeditions by 2.1% during the second quarter. Geode Capital Management LLC now owns 899,844 shares of the company's stock worth $10,503,000 after purchasing an additional 18,638 shares during the period. 75.94% of the stock is owned by hedge funds and other institutional investors.

About Lindblad Expeditions

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.