Lindblad Expeditions (NASDAQ:LIND) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Lindblad Expeditions (NASDAQ:LIND) from a buy rating to a hold rating in a research note issued to investors on Saturday.

Other equities research analysts have also issued research reports about the stock. Zacks Research raised shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus set a $18.00 price target on shares of Lindblad Expeditions and gave the company a “buy” rating in a research report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Lindblad Expeditions currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

Lindblad Expeditions Stock Performance

Shares of NASDAQ:LIND opened at $12.59 on Friday. Lindblad Expeditions has a fifty-two week low of $7.45 and a fifty-two week high of $15.06. The business has a 50-day simple moving average of $13.19 and a two-hundred day simple moving average of $11.79. The firm has a market cap of $689.79 million, a price-to-earnings ratio of -41.97 and a beta of 2.58.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings results on Monday, August 4th. The company reported ($0.18) EPS for the quarter, beating the consensus estimate 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. As a group, research analysts predict that Lindblad Expeditions will post -0.43 earnings per share for the current 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 that occurred on Friday, August 22nd. The stock was sold at an average price of $14.19, for a total value of $2,847,933.00. Following the completion of the transaction, the chief executive officer directly owned 23,466 shares in the company, valued at $332,982.54. This represents a 89.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Trey Byus sold 16,585 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 128,996 shares of the company’s stock, valued at $1,919,460.48. The trade was a 11.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 521,228 shares of company stock valued at $7,292,752 over the last 90 days. 34.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GWN Securities Inc. bought a new position in Lindblad Expeditions in the 3rd quarter worth approximately $198,000. State of Alaska Department of Revenue bought a new position in Lindblad Expeditions in the 3rd quarter worth approximately $35,000. SG Americas Securities LLC boosted its stake in Lindblad Expeditions by 495.8% in the 3rd quarter. SG Americas Securities LLC now owns 81,089 shares of the company’s stock worth $1,038,000 after purchasing an additional 67,480 shares during the period. Simon Quick Advisors LLC boosted its stake in Lindblad Expeditions by 7.1% in the 3rd quarter. Simon Quick Advisors LLC now owns 16,118 shares of the company’s stock worth $206,000 after purchasing an additional 1,065 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in Lindblad Expeditions by 20.1% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 34,000 shares of the company’s stock worth $435,000 after purchasing an additional 5,700 shares during the period. 75.94% of the stock is currently owned by 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.