Equities Analysts Issue Forecasts for LIND FY2024 Earnings

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Free Report) - Analysts at B. Riley boosted their FY2024 earnings estimates for Lindblad Expeditions in a research report issued to clients and investors on Tuesday, November 5th. B. Riley analyst E. Wold now expects that the company will earn ($0.46) per share for the year, up from their previous forecast of ($0.64). B. Riley has a "Buy" rating and a $16.00 price objective on the stock. The consensus estimate for Lindblad Expeditions' current full-year earnings is ($0.65) per share. B. Riley also issued estimates for Lindblad Expeditions' Q4 2024 earnings at ($0.22) EPS, Q1 2025 earnings at $0.01 EPS, Q2 2025 earnings at ($0.20) EPS, Q4 2025 earnings at ($0.13) EPS, FY2025 earnings at ($0.05) EPS and Q2 2026 earnings at ($0.17) EPS.

Other equities research analysts also recently issued reports about the company. StockNews.com raised Lindblad Expeditions from a "hold" rating to a "buy" rating in a research report on Wednesday. Craig Hallum increased their target price on shares of Lindblad Expeditions from $12.00 to $16.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Stifel Nicolaus reduced their target price on shares of Lindblad Expeditions from $16.00 to $15.00 and set a "buy" rating for the company in a research note on Friday, August 9th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $14.25.

Lindblad Expeditions Stock Performance

Shares of NASDAQ:LIND traded up $0.07 during midday trading on Thursday, hitting $13.21. The company's stock had a trading volume of 634,557 shares, compared to its average volume of 292,258. The stock has a market capitalization of $717.57 million, a price-to-earnings ratio of -12.76 and a beta of 3.02. The stock's 50 day simple moving average is $9.76 and its 200 day simple moving average is $8.82. Lindblad Expeditions has a fifty-two week low of $5.95 and a fifty-two week high of $13.40.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.24). The firm had revenue of $136.50 million during the quarter, compared to the consensus estimate of $137.39 million.

Insiders Place Their Bets

In other Lindblad Expeditions news, CEO Sven-Olof Lindblad purchased 32,117 shares of the business's stock in a transaction on Wednesday, August 21st. The stock was purchased at an average price of $7.95 per share, for a total transaction of $255,330.15. Following the completion of the purchase, the chief executive officer now directly owns 11,825,063 shares in the company, valued at approximately $94,009,250.85. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Sven-Olof Lindblad bought 32,117 shares of the business's stock in a transaction dated Wednesday, August 21st. The stock was bought at an average price of $7.95 per share, for a total transaction of $255,330.15. Following the completion of the purchase, the chief executive officer now owns 11,825,063 shares of the company's stock, valued at approximately $94,009,250.85. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Noah Brodsky sold 14,344 shares of Lindblad Expeditions stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $10.50, for a total transaction of $150,612.00. Following the completion of the transaction, the insider now owns 58,518 shares of the company's stock, valued at $614,439. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 34.30% of the company's stock.

Institutional Trading of Lindblad Expeditions

A number of hedge funds and other institutional investors have recently modified their holdings of LIND. Assetmark Inc. grew its holdings in Lindblad Expeditions by 49.6% during the 3rd quarter. Assetmark Inc. now owns 5,191 shares of the company's stock worth $48,000 after acquiring an additional 1,722 shares during the period. Price T Rowe Associates Inc. MD bought a new stake in Lindblad Expeditions during the 1st quarter worth about $95,000. Arizona State Retirement System bought a new stake in Lindblad Expeditions during the 2nd quarter worth about $101,000. SG Americas Securities LLC bought a new stake in Lindblad Expeditions during the 3rd quarter worth about $139,000. Finally, EntryPoint Capital LLC bought a new stake in Lindblad Expeditions during the 1st quarter worth about $176,000. 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.