Lindblad Expeditions (NASDAQ:LIND) Shares Pass Below Fifty Day Moving Average - Should You Sell?

Key Points

• Lindblad Expeditions shares recently fell below their 50-day moving average, trading at $12.24, compared to a 50-day average of $13.36.
• Analysts have mixed views on the stock, with Zacks upgrading it to "strong-buy" and Weiss Ratings maintaining a "sell" rating, resulting in a consensus rating of "Moderate Buy" with an average price target of $17.00.
• Insider activity indicates a significant sell-off, with CEO Benjamin Bressler and another insider selling a total of 217,285 shares in the past month, representing declines in their ownership positions.

Shares of Lindblad Expeditions (NASDAQ:LIND - Get Free Report) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $13.36 and traded as low as $12.07. Lindblad Expeditions shares last traded at $12.24, with a volume of 246,312 shares changing hands.

Analysts Set New Price Targets

A number of analysts recently weighed in on LIND shares. Zacks Research raised shares of Lindblad Expeditions from a "hold" rating to a "strong-buy" rating in a research note on Monday. Stifel Nicolaus set a $18.00 price objective on Lindblad Expeditions and gave the company a "buy" rating in a research note on Tuesday, August 5th. Wall Street Zen raised Lindblad Expeditions from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Lindblad Expeditions in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $17.00.

Lindblad Expeditions Stock Performance

The stock has a market cap of $670.63 million, a price-to-earnings ratio of -40.80 and a beta of 2.58. The firm's 50-day simple moving average is $13.36 and its two-hundred day simple moving average is $11.48.

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 (EPS) for the quarter, topping 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. Equities research analysts expect that Lindblad Expeditions will post -0.43 earnings per share for the current fiscal year.

Insider Buying and Selling at Lindblad Expeditions

In other Lindblad Expeditions news, CEO Benjamin Bressler sold 200,700 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $14.19, for a total transaction of $2,847,933.00. Following the transaction, the chief executive officer directly owned 23,466 shares in the company, valued at approximately $332,982.54. This represents a 89.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Trey Byus sold 16,585 shares of the firm's stock in a transaction dated Wednesday, August 27th. The shares were 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 $1,919,460.48. This trade represents a 11.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 568,553 shares of company stock worth $7,908,923 in the last ninety days. 34.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Lindblad Expeditions

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in 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 acquiring an additional 2,678 shares during the period. Osaic Holdings Inc. increased 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 valued at $41,000 after purchasing an additional 1,322 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Lindblad Expeditions by 222.1% in 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. Quantbot Technologies LP boosted its holdings in Lindblad Expeditions by 28.3% during the first quarter. Quantbot Technologies LP now owns 6,090 shares of the company's stock worth $56,000 after buying an additional 1,345 shares during the last quarter. Finally, AlphaQuest LLC grew its position in shares of Lindblad Expeditions by 167.4% during 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 period. 75.94% of the stock is owned by 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.

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