Lindblad Expeditions (NASDAQ:LIND) Trading Up 6.4% - Should You Buy?

Key Points

• Lindblad Expeditions' stock rose 6.4% to $12.77, with trading volume down 18% from average levels.
• Analysts' ratings for Lindblad have improved, with Zacks upgrading it to a "strong-buy" and a consensus target price of $17.00.
• Insider selling has occurred, with key executives reducing their stakes significantly, signaling possible concern about future performance.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) shares traded up 6.4% during mid-day trading on Tuesday . The company traded as high as $12.78 and last traded at $12.77. 279,238 shares were traded during trading, a decline of 18% from the average session volume of 338,913 shares. The stock had previously closed at $12.00.

Analyst Ratings Changes

A number of analysts have weighed in on LIND shares. Zacks Research upgraded Lindblad Expeditions from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 6th. Stifel Nicolaus set a $18.00 price target on shares of Lindblad Expeditions and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Wall Street Zen raised shares of Lindblad Expeditions from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Lindblad Expeditions in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.00.

Lindblad Expeditions Trading Up 6.8%

The firm's 50-day moving average price is $13.27 and its two-hundred day moving average price is $11.64. The stock has a market cap of $702.35 million, a PE ratio of -42.52 and a beta of 2.58.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last issued 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 business had revenue of $167.95 million during the quarter, compared to the consensus estimate of $158.97 million. Lindblad Expeditions has set its FY 2025 guidance at EPS. On average, analysts anticipate that Lindblad Expeditions will post -0.43 earnings per share for the current year.

Insiders Place Their Bets

In related news, 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 sale, the insider owned 128,996 shares of the company's stock, valued at $1,919,460.48. This trade represents a 11.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Benjamin Bressler sold 21,137 shares of Lindblad Expeditions stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $15.01, for a total value of $317,266.37. Following the completion of the transaction, the chief executive officer owned 23,466 shares in the company, valued at $352,224.66. This trade represents a 47.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 568,553 shares of company stock valued at $7,908,923 over the last 90 days. 34.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lindblad Expeditions

A number of hedge funds and other institutional investors have recently bought and sold shares of LIND. Vanguard Group Inc. grew its holdings in Lindblad Expeditions by 2.5% in 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 last quarter. Harbor Capital Advisors Inc. purchased a new position in Lindblad Expeditions during the 2nd quarter worth $1,405,000. Anchor Capital Management Company LLC increased its position in Lindblad Expeditions by 7.6% during the 1st quarter. Anchor Capital Management Company LLC now owns 1,644,903 shares of the company's stock valued at $15,248,000 after buying an additional 115,814 shares in the last quarter. GAMMA Investing LLC raised its stake in Lindblad Expeditions by 3,188.1% in the first quarter. GAMMA Investing LLC now owns 2,762 shares of the company's stock valued at $26,000 after buying an additional 2,678 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its holdings in Lindblad Expeditions by 30.6% in the first quarter. Panagora Asset Management Inc. now owns 160,232 shares of the company's stock worth $1,485,000 after acquiring an additional 37,512 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company's stock.

Lindblad Expeditions Company Profile

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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