Lindblad Expeditions (NASDAQ:LIND) Rating Increased to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Lindblad Expeditions to “Buy” from “Hold,” although the broader analyst consensus remains “Hold,” with four Buy, three Hold, and one Sell rating and an average price target of $31.20.
• Lindblad reported stronger-than-expected quarterly results, with an adjusted loss of $0.02 per share versus the $0.10 consensus loss estimate and revenue of $199.25 million versus expectations of $185.86 million.
• The stock opened at $29.59, with a market capitalization of approximately $1.94 billion; institutional investors own 75.94% of shares, while an insider recently sold 44,642 shares.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

Other analysts also recently issued reports about the stock. Texas Capital downgraded shares of Lindblad Expeditions from a "strong-buy" rating to a "hold" rating in a report on Monday, June 29th. Benchmark boosted their price objective on Lindblad Expeditions from $25.00 to $34.00 and gave the stock a "buy" rating in a research report on Monday, June 29th. Zacks Research downgraded Lindblad Expeditions from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 10th. Stifel Nicolaus set a $37.00 target price on Lindblad Expeditions in a report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft set a $29.00 price target on Lindblad Expeditions in a research report on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $31.20.

Lindblad Expeditions Stock Performance

LIND opened at $29.59 on Friday. The business has a 50 day moving average price of $29.44 and a 200 day moving average price of $23.15. Lindblad Expeditions has a twelve month low of $11.37 and a twelve month high of $35.00. The firm has a market cap of $1.94 billion, a P/E ratio of -77.87 and a beta of 2.24.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last announced its earnings results on Monday, August 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.10) by $0.08. Lindblad Expeditions had a negative return on equity of 0.56% and a negative net margin of 2.08%.The firm had revenue of $199.25 million during the quarter, compared to analysts' expectations of $185.86 million. As a group, analysts anticipate that Lindblad Expeditions will post 0.17 earnings per share for the current fiscal year.

Insider Transactions at Lindblad Expeditions

In other news, Director Michael Elliott Bisnow sold 44,642 shares of the business's stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $24.21, for a total transaction of $1,080,782.82. Following the transaction, the director owned 25,872 shares in the company, valued at approximately $626,361.12. The trade was a 63.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 26.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lindblad Expeditions

A number of institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP bought a new position in Lindblad Expeditions during the second quarter valued at about $38,000. Osaic Holdings Inc. lifted its position in shares of Lindblad Expeditions by 58.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company's stock worth $41,000 after acquiring an additional 1,322 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Lindblad Expeditions by 222.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company's stock worth $56,000 after acquiring an additional 3,311 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in shares of Lindblad Expeditions during the 4th quarter worth approximately $57,000. Finally, Silvant Capital Management LLC acquired a new stake in Lindblad Expeditions during the second quarter worth $58,000. 75.94% of the stock is owned by institutional investors and hedge funds.

About Lindblad Expeditions

Lindblad Expeditions NASDAQ: LIND is a global leader in expedition cruising, specializing in immersive small-ship voyages to some of the world's most remote and wildlife-rich regions. The company operates a fleet of purpose-built vessels designed to navigate challenging waters and shorelines, offering guests up-close encounters with natural environments such as the polar ice caps, the Galápagos Islands, Costa Rica's rainforests and the waterways of Alaska, Patagonia and the Arctic.

Founded on the pioneering spirit of Lars-Eric Lindblad, regarded as the father of expedition travel, Lindblad Expeditions carries forward a legacy of discovery that dates back to the 1960s.

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