Lindblad Expeditions (NASDAQ:LIND) Upgraded at Zacks Research

Key Points

• Lindblad Expeditions has been upgraded from a "hold" rating to a "strong-buy" rating by Zacks Research, indicating increasing investor confidence.
• The stock currently has a consensus price target of $17.00 and a average rating of "Moderate Buy" from various research analysts.
• Recent insider trading activity saw CEO Benjamin Bressler and insider Trey Byus sell significant shares, representing a notable decrease in their ownership stakes in the company.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) was upgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other research analysts have also issued reports on LIND. Stifel Nicolaus set a $18.00 target price on shares of Lindblad Expeditions and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Weiss Ratings reissued a "sell (d-)" rating on shares of Lindblad Expeditions in a research note on Saturday, September 27th. Finally, Wall Street Zen raised shares of Lindblad Expeditions from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. One equities research 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 data from MarketBeat, Lindblad Expeditions presently has an average rating of "Moderate Buy" and a consensus price target of $17.00.

Lindblad Expeditions Trading Down 1.7%

LIND opened at $12.26 on Monday. The stock has a market capitalization of $671.73 million, a P/E ratio of -40.87 and a beta of 2.58. Lindblad Expeditions has a 12 month low of $7.45 and a 12 month high of $15.06. The firm's fifty day simple moving average is $13.35 and its 200 day simple moving average is $11.47.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.11. The company 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, equities research analysts predict that Lindblad Expeditions will post -0.43 EPS for the current fiscal year.

Insider Activity at Lindblad Expeditions

In related news, insider Trey Byus sold 16,585 shares of the firm's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $14.88, for a total value of $246,784.80. Following the completion of the transaction, the insider directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Benjamin Bressler sold 21,137 shares of Lindblad Expeditions stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $15.01, for a total transaction of $317,266.37. Following the transaction, the chief executive officer directly owned 23,466 shares of the company's stock, valued at $352,224.66. The trade was a 47.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 568,553 shares of company stock worth $7,908,923. Company insiders own 34.00% of the company's stock.

Institutional Trading of Lindblad Expeditions

Large investors have recently made changes to their positions in the stock. Driehaus Capital Management LLC bought a new stake in shares of Lindblad Expeditions in the first quarter valued at about $5,900,000. Penn Capital Management Company LLC raised its holdings in shares of Lindblad Expeditions by 110.0% in the first quarter. Penn Capital Management Company LLC now owns 944,505 shares of the company's stock valued at $8,766,000 after acquiring an additional 494,709 shares in the last quarter. Ariel Investments LLC raised its holdings 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 valued at $72,100,000 after acquiring an additional 441,046 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of Lindblad Expeditions by 106.9% in the first quarter. New York State Common Retirement Fund now owns 684,851 shares of the company's stock valued at $6,349,000 after acquiring an additional 353,817 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Lindblad Expeditions by 108.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 592,985 shares of the company's stock valued at $6,920,000 after acquiring an additional 308,463 shares in the last quarter. 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.

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