Lineage (NASDAQ:LINE) Receives New Coverage from Analysts at Piper Sandler

Piper Sandler initiated coverage on shares of Lineage (NASDAQ:LINE) in a research report released on Monday morning, Marketbeat Ratings reports. The firm issued an overweight rating and a $102.00 price target on the stock.

A number of other brokerages have also weighed in on LINE. Truist Financial started coverage on Lineage in a research note on Monday. They set a buy rating and a $94.00 price objective for the company. The Goldman Sachs Group assumed coverage on Lineage in a research note on Monday. They set a buy rating and a $105.00 price objective for the company. Evercore ISI assumed coverage on Lineage in a research report on Monday. They issued an inline rating and a $88.00 target price for the company. Scotiabank assumed coverage on Lineage in a research report on Monday. They set a sector outperform rating and a $95.00 price objective for the company. Finally, UBS Group started coverage on Lineage in a research report on Monday. They set a neutral rating and a $88.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $93.60.

Lineage Trading Up 4.4 %

Lineage stock opened at $87.68 on Monday. Lineage has a 12-month low of $80.15 and a 12-month high of $89.85.

Insider Transactions at Lineage

In related news, CFO Robert Crisci purchased 10,000 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was purchased at an average cost of $78.00 per share, with a total value of $780,000.00. Following the completion of the purchase, the chief financial officer now owns 10,000 shares in the company, valued at approximately $780,000. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Nancy Joy Falotico acquired 1,300 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were acquired at an average cost of $78.00 per share, for a total transaction of $101,400.00. Following the purchase, the director now owns 2,452 shares of the company’s stock, valued at approximately $191,256. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert Crisci acquired 10,000 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was purchased at an average price of $78.00 per share, with a total value of $780,000.00. Following the completion of the transaction, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at approximately $780,000. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 12,150 shares of company stock worth $947,700. Company insiders own 1.40% of the company’s stock.

About Lineage

Our purpose is to transform the global food supply chain to eliminate waste and help feed the world. Built with the vision of creating a more sustainable future, we are a leading mission-critical, temperature-controlled infrastructure provider for the storage, handling and movement of food around the world.