Lineage (NASDAQ:LINE) Reaches New 52-Week Low at $80.03

Lineage, Inc. (NASDAQ:LINE)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $80.03 and last traded at $80.81, with a volume of 139895 shares. The stock had previously closed at $81.87.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LINE shares. KeyCorp began coverage on Lineage in a research note on Monday, August 19th. They issued an “overweight” rating and a $92.00 target price for the company. Morgan Stanley assumed coverage on shares of Lineage in a research note on Monday, August 19th. They issued an “overweight” rating and a $100.00 target price for the company. Bank of America started coverage on shares of Lineage in a research note on Monday, August 19th. They set a “buy” rating and a $100.00 price target on the stock. Baird R W upgraded Lineage to a “strong-buy” rating in a research report on Monday, August 19th. Finally, Truist Financial initiated coverage on Lineage in a research report on Monday, August 19th. They set a “buy” rating and a $94.00 target price for the company. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lineage presently has an average rating of “Moderate Buy” and a consensus price target of $93.87.

Lineage Stock Up 0.5 %

The company has a market cap of $18.74 billion and a P/E ratio of -5.99.

Insider Buying and Selling at Lineage

In other news, Director Nancy Joy Falotico purchased 1,300 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was bought at an average price of $78.00 per share, with a total value of $101,400.00. Following the acquisition, the director now directly owns 2,452 shares of the company’s stock, valued at $191,256. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Lineage news, Director Nancy Joy Falotico purchased 1,300 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were bought at an average price of $78.00 per share, with a total value of $101,400.00. Following the completion of the transaction, the director now directly owns 2,452 shares in the company, valued at approximately $191,256. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey Alvarez Rivera acquired 600 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was acquired at an average price of $78.00 per share, with a total value of $46,800.00. Following the completion of the transaction, the insider now directly owns 5,406 shares in the company, valued at approximately $421,668. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 12,150 shares of company stock valued at $947,700. Corporate insiders own 1.40% of the company’s stock.

Lineage Company Profile

Lineage, Inc is the world’s largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84.1 million square feet and 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world.