Lindblad Expeditions (NASDAQ:LIND) Trading Down 6.6% - What's Next?

Key Points

• Lindblad Expeditions shares dropped 6.6% to $13.69 on Monday, with trading volume down by 71% from average levels.
• Recent analyst updates include a downgrade from "buy" to "hold" by Wall Street Zen and a price target range from $16.00 to $18.00 from other firms, with an average target of $17.00.
• Insider activity shows significant selling, including CEO Benjamin Bressler offloading over 200,000 shares, resulting in an 89.53% decrease in his holdings.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report)'s share price fell 6.6% during trading on Monday . The stock traded as low as $14.09 and last traded at $13.69. 96,473 shares traded hands during trading, a decline of 71% from the average session volume of 329,421 shares. The stock had previously closed at $14.66.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LIND. Wall Street Zen downgraded Lindblad Expeditions from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Craig Hallum set a $16.00 price target on shares of Lindblad Expeditions and gave the company a "buy" rating in a report on Friday, May 23rd. Finally, Stifel Nicolaus set a $18.00 price objective on shares of Lindblad Expeditions and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $17.00.

Lindblad Expeditions Trading Down 4.5%

The company has a market cap of $767.06 million, a price-to-earnings ratio of -46.67 and a beta of 2.63. The business has a fifty day moving average of $13.17 and a two-hundred day moving average of $11.11.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported ($0.18) EPS for the quarter, topping analysts' consensus estimates 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. On average, research analysts forecast that Lindblad Expeditions will post -0.43 EPS for the current fiscal year.

Insider Activity 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 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Trey Byus sold 16,585 shares of Lindblad Expeditions stock in a transaction 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 sale, the insider owned 128,996 shares of the company's stock, valued at approximately $1,919,460.48. This trade represents a 11.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 568,553 shares of company stock valued at $7,908,923 over the last 90 days. Corporate insiders own 34.00% of the company's stock.

Institutional Investors Weigh In On Lindblad Expeditions

Several hedge funds and other institutional investors have recently made changes to their positions in LIND. Summit Global Investments raised its holdings in shares of Lindblad Expeditions by 3.5% during the second quarter. Summit Global Investments now owns 25,328 shares of the company's stock worth $296,000 after acquiring an additional 848 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Lindblad Expeditions by 4.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,292 shares of the company's stock valued at $241,000 after acquiring an additional 912 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Lindblad Expeditions by 9.3% during the second quarter. The Manufacturers Life Insurance Company now owns 14,406 shares of the company's stock valued at $168,000 after purchasing an additional 1,222 shares during the period. Graham Capital Management L.P. grew its stake in shares of Lindblad Expeditions by 4.3% in the 4th quarter. Graham Capital Management L.P. now owns 31,748 shares of the company's stock worth $377,000 after buying an additional 1,315 shares in the last quarter. Finally, 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 valued at $41,000 after acquiring an additional 1,322 shares during the last quarter. Institutional investors and hedge funds own 75.94% of the company's stock.

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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