Lindblad Expeditions (NASDAQ:LIND) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analysts hold a consensus “Hold” rating on Lindblad Expeditions, with four buys, four holds, and one sell among nine analysts. The average 12-month price target is $31.00.
• Lindblad shares opened at $31.43, up 0.5%, with a market capitalization of approximately $2.06 billion; the stock has traded between $11.37 and $35.00 over the past year.
• The company exceeded quarterly expectations, reporting an adjusted loss of $0.02 per share versus the $0.10 loss analysts expected and revenue of $199.25 million versus an $185.86 million consensus estimate.

Shares of Lindblad Expeditions (NASDAQ:LIND - Get Free Report) have earned a consensus rating of "Hold" from the nine analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $31.00.

A number of research firms have commented on LIND. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Lindblad Expeditions in a research report on Friday, July 17th. Texas Capital cut Lindblad Expeditions from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 29th. Jefferies Financial Group initiated coverage on shares of Lindblad Expeditions in a report on Wednesday, September 9th. They issued a "hold" rating and a $29.00 price objective for the company. Capital One Financial set a $31.00 target price on Lindblad Expeditions in a research note on Monday, June 29th. Finally, Zacks Research lowered Lindblad Expeditions from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 10th.

Lindblad Expeditions Trading Up 0.5%

Lindblad Expeditions stock opened at $31.43 on Thursday. Lindblad Expeditions has a 1-year low of $11.37 and a 1-year high of $35.00. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of -82.71 and a beta of 2.22. The firm has a 50 day simple moving average of $29.53 and a 200 day simple moving average of $24.41.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.08. The firm had revenue of $199.25 million for the quarter, compared to the consensus estimate of $185.86 million. Lindblad Expeditions had a negative return on equity of 0.56% and a negative net margin of 2.08%. On average, equities research analysts forecast that Lindblad Expeditions will post 0.22 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in shares of Lindblad Expeditions during the 2nd quarter worth about $122,583,000. Bank of New York Mellon Corp acquired a new position in Lindblad Expeditions during the second quarter worth approximately $19,362,000. Arrowstreet Capital Limited Partnership raised its stake in Lindblad Expeditions by 44.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company's stock worth $22,021,000 after purchasing an additional 393,359 shares during the period. Nicholas Investment Partners LP acquired a new position in shares of Lindblad Expeditions in the 2nd quarter valued at $9,587,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Lindblad Expeditions by 59.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 786,119 shares of the company's stock valued at $13,598,000 after buying an additional 291,776 shares during the period. Institutional investors own 75.94% of the company's stock.

About Lindblad Expeditions

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.

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