Weiss Ratings Reiterates "Sell (D-)" Rating for Lindblad Expeditions (NASDAQ:LIND)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D-)" rating for Lindblad Expeditions (NASDAQ:LIND), indicating ongoing concerns about the company's stock.
• Despite Weiss Ratings' negative outlook, Zacks Research has upgraded Lindblad Expeditions from "hold" to "strong-buy," with other analysts also giving mixed ratings from "buy" to "sell," reflecting a contrast in market sentiment.
• Lindblad Expeditions' stock closed at $12.24, showing a 0.2% decline, while the company recently reported earnings that beat estimates, with a revenue of $167.95 million for the quarter.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other equities analysts also recently issued reports on LIND. Zacks Research raised shares of Lindblad Expeditions from a "hold" rating to a "strong-buy" rating in a report on Monday. Stifel Nicolaus set a $18.00 target price on shares of Lindblad Expeditions and gave the company a "buy" rating in a research report on Tuesday, August 5th. Finally, Wall Street Zen upgraded shares of Lindblad Expeditions from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $17.00.

Lindblad Expeditions Stock Down 0.2%

LIND opened at $12.24 on Wednesday. The company has a market cap of $670.63 million, a price-to-earnings ratio of -40.80 and a beta of 2.58. Lindblad Expeditions has a 52-week low of $7.45 and a 52-week high of $15.06. The firm's fifty 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, beating the consensus estimate of ($0.29) by $0.11. The company 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. On average, research analysts forecast 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 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 sale, the insider directly owned 128,996 shares in the company, 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 Securities & Exchange Commission, which is accessible through this link. Also, CEO Benjamin Bressler sold 21,137 shares of the firm's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $15.01, for a total transaction of $317,266.37. Following the sale, the chief executive officer owned 23,466 shares of the company's stock, valued at approximately $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. Over the last 90 days, insiders have sold 568,553 shares of company stock valued at $7,908,923. 34.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lindblad Expeditions

Several hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in Lindblad Expeditions by 3,188.1% during the first quarter. GAMMA Investing LLC now owns 2,762 shares of the company's stock worth $26,000 after buying an additional 2,678 shares during the period. Osaic Holdings Inc. boosted its stake in Lindblad Expeditions by 58.1% during the second quarter. Osaic Holdings Inc. now owns 3,597 shares of the company's stock worth $41,000 after buying an additional 1,322 shares during the period. Tower Research Capital LLC TRC boosted its stake in Lindblad Expeditions by 222.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company's stock worth $56,000 after buying an additional 3,311 shares during the period. Quantbot Technologies LP boosted its stake 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 period. Finally, AlphaQuest LLC boosted its stake in Lindblad Expeditions by 167.4% during the second 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 currently owned by institutional investors and hedge funds.

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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