B. Riley Predicts Stronger Earnings for Lindblad Expeditions

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) – B. Riley increased their FY2024 earnings estimates for shares of Lindblad Expeditions in a report released on Tuesday, November 5th. B. Riley analyst E. Wold now expects that the company will post earnings of ($0.46) per share for the year, up from their previous estimate of ($0.64). B. Riley currently has a “Buy” rating and a $16.00 price target 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.

A number of other brokerages have also recently issued reports on LIND. Craig Hallum boosted their target price on shares of Lindblad Expeditions from $12.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday. Stifel Nicolaus cut their price objective on shares of Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, StockNews.com raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $14.25.

Lindblad Expeditions Price Performance

Shares of NASDAQ LIND opened at $13.14 on Thursday. The firm has a market cap of $713.76 million, a price-to-earnings ratio of -12.76 and a beta of 3.02. The stock’s fifty day moving average price is $9.76 and its two-hundred day moving average price is $8.82. Lindblad Expeditions has a one year low of $5.95 and a one year high of $13.32.

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

Insider Buying and Selling at Lindblad Expeditions

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

Institutional Investors Weigh In On Lindblad Expeditions

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ariel Investments LLC increased its position in Lindblad Expeditions by 3.1% during the 1st quarter. Ariel Investments LLC now owns 8,877,212 shares of the company’s stock valued at $82,824,000 after purchasing an additional 268,996 shares during the period. Vanguard Group Inc. lifted its stake in shares of Lindblad Expeditions by 1.6% in the first quarter. Vanguard Group Inc. now owns 1,999,062 shares of the company’s stock valued at $18,651,000 after buying an additional 31,921 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Lindblad Expeditions by 1.6% during the third quarter. Principal Financial Group Inc. now owns 1,688,549 shares of the company’s stock worth $15,619,000 after acquiring an additional 26,647 shares in the last quarter. Anchor Capital Management Company LLC increased its position in shares of Lindblad Expeditions by 51.3% during the second quarter. Anchor Capital Management Company LLC now owns 1,325,168 shares of the company’s stock worth $12,788,000 after acquiring an additional 449,098 shares in the last quarter. Finally, Pinnacle Associates Ltd. lifted its position in Lindblad Expeditions by 1.1% in the 3rd quarter. Pinnacle Associates Ltd. now owns 602,015 shares of the company’s stock valued at $5,569,000 after acquiring an additional 6,267 shares in the last quarter. 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.