Wall Street Zen Upgrades Lindblad Expeditions (NASDAQ:LIND) to Buy

Key Points

• Wall Street Zen upgraded Lindblad Expeditions to “buy” from “hold.” However, the broader analyst consensus remains “hold,” with four buys, four holds, one sell, and an average price target of $31.
• LIND opened at $27.54, compared with a 52-week range of $11.37 to $35.00, and has a market capitalization of approximately $1.81 billion.
• The company beat quarterly expectations, reporting an adjusted loss of $0.02 per share versus the estimated $0.10 loss and revenue of $199.25 million versus the $185.86 million forecast. Institutional investors own approximately 75.94% of the stock.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Sunday, Wall Street Zen reports.

LIND has been the topic of a number of other research reports. Benchmark raised their price objective on Lindblad Expeditions from $25.00 to $34.00 and gave the stock a "buy" rating in a research note on Monday, June 29th. Capital One Financial set a $31.00 target price on Lindblad Expeditions in a research report on Monday, June 29th. Zacks Research lowered Lindblad Expeditions from a "strong-buy" rating to a "hold" rating in a report on Monday, August 10th. Stifel Nicolaus set a $37.00 price target on Lindblad Expeditions in a research report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $30.00 price target on shares of Lindblad Expeditions in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Lindblad Expeditions presently has an average rating of "Hold" and a consensus target price of $31.00.

Lindblad Expeditions Price Performance

LIND opened at $27.54 on Friday. The company's 50 day simple moving average is $29.26 and its 200-day simple moving average is $23.77. Lindblad Expeditions has a one year low of $11.37 and a one year high of $35.00. The stock has a market capitalization of $1.81 billion, a P/E ratio of -72.47 and a beta of 2.22.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported ($0.02) EPS for the quarter, topping analysts' consensus estimates of ($0.10) by $0.08. The business had revenue of $199.25 million for the quarter, compared to analyst estimates of $185.86 million. Lindblad Expeditions had a negative net margin of 2.08% and a negative return on equity of 0.56%. As a group, analysts anticipate that Lindblad Expeditions will post 0.22 EPS for the current year.

Hedge Funds Weigh In On Lindblad Expeditions

Several large investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Lindblad Expeditions in the second quarter valued at approximately $122,583,000. Bank of New York Mellon Corp acquired a new stake in Lindblad Expeditions during the 2nd quarter worth approximately $19,362,000. Arrowstreet Capital Limited Partnership grew its holdings in Lindblad Expeditions by 44.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company's stock worth $22,021,000 after acquiring an additional 393,359 shares during the last quarter. Nicholas Investment Partners LP bought a new stake in Lindblad Expeditions during the 2nd quarter worth approximately $9,587,000. Finally, Dimensional Fund Advisors LP increased its position in Lindblad Expeditions by 59.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 786,119 shares of the company's stock valued at $13,598,000 after acquiring an additional 291,776 shares during the period. 75.94% of the stock is currently owned by institutional investors.

Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc is an expedition travel company that provides small-ship ocean and river voyages, land-based expeditions, and related travel experiences. Its trips focus on exploration, nature, wildlife, culture, and education, with itineraries designed for destinations that are generally less accessible to conventional cruise operators.

The company operates voyages under the Lindblad Expeditions and National Geographic-Lindblad Expeditions brands through a strategic relationship with National Geographic.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.