Lindblad Expeditions (NASDAQ:LIND) Rating Increased to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Lindblad Expeditions from a "hold" to a "buy" rating, reflecting increased confidence in the stock's future performance.
• The stock has a consensus price target of $17.00, with several analysts setting individual price objectives between $16.00 and $18.00.
• Insider trading activity includes significant sales by executives, with CEO Benjamin Bressler selling over 200,000 shares, impacting insider ownership levels.

Wall Street Zen upgraded shares of Lindblad Expeditions (NASDAQ:LIND - Free Report) from a hold rating to a buy rating in a research note released on Saturday.

Other equities analysts have also recently issued reports about the stock. Craig Hallum set a $16.00 price objective on shares of Lindblad Expeditions and gave the company a "buy" rating in a research report on Friday, May 23rd. Stifel Nicolaus set a $18.00 price objective on shares of Lindblad Expeditions and gave the company a "buy" rating in a research report on Tuesday, August 5th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $17.00.

Lindblad Expeditions Stock Performance

Lindblad Expeditions stock traded up $0.19 during trading on Friday, reaching $13.14. 1,292,702 shares of the company's stock were exchanged, compared to its average volume of 407,017. The company's 50-day moving average is $13.28 and its two-hundred day moving average is $11.25. Lindblad Expeditions has a 52-week low of $7.45 and a 52-week high of $15.06. The firm has a market cap of $719.94 million, a price-to-earnings ratio of -43.80 and a beta of 2.63.

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

Insider Activity

In related news, insider Trey Byus sold 16,585 shares of the 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 sale, the insider owned 128,996 shares in the company, valued at $1,919,460.48. This represents a 11.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Benjamin Bressler sold 200,700 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $14.19, for a total transaction of $2,847,933.00. Following the sale, the chief executive officer owned 23,466 shares in the company, valued at approximately $332,982.54. This trade represents a 89.53% 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. Corporate insiders own 34.00% of the company's stock.

Institutional Investors Weigh In On Lindblad Expeditions

Several institutional investors and hedge funds have recently bought and sold shares of LIND. Price T Rowe Associates Inc. MD increased its stake in shares of Lindblad Expeditions by 29.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,762 shares of the company's stock valued at $176,000 after purchasing an additional 3,381 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Lindblad Expeditions by 2.5% in the first quarter. Vanguard Group Inc. now owns 2,270,726 shares of the company's stock valued at $21,050,000 after acquiring an additional 55,003 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in shares of Lindblad Expeditions by 36.9% in the fourth quarter. Two Sigma Advisers LP now owns 240,600 shares of the company's stock valued at $2,854,000 after acquiring an additional 64,800 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of Lindblad Expeditions in the fourth quarter valued at approximately $304,000. Finally, Man Group plc bought a new position in shares of Lindblad Expeditions in the fourth quarter valued at approximately $374,000. Institutional investors and hedge funds 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.