Piper Sandler Initiates Coverage on Lineage (NASDAQ:LINE)

Piper Sandler assumed coverage on shares of Lineage (NASDAQ:LINE) in a research report sent to investors on Monday morning, Marketbeat.com reports. The brokerage issued an overweight rating and a $102.00 price objective on the stock.

Several other research firms have also recently weighed in on LINE. The Goldman Sachs Group initiated coverage on shares of Lineage in a research note on Monday. They issued a buy rating and a $105.00 price target for the company. Scotiabank started coverage on Lineage in a research note on Monday. They set a sector outperform rating and a $95.00 target price for the company. Wells Fargo & Company began coverage on Lineage in a research report on Monday. They issued an equal weight rating and a $86.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on Lineage in a report on Monday. They set an overweight rating and a $93.00 price target for the company. Finally, Evercore ISI assumed coverage on shares of Lineage in a report on Monday. They issued an inline rating and a $88.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Lineage has a consensus rating of Moderate Buy and an average price target of $93.60.

Lineage Stock Up 0.2 %

Shares of LINE opened at $86.46 on Monday. Lineage has a 12-month low of $80.15 and a 12-month high of $89.85.

Insider Activity

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

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.