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

Key Points

• Lindblad Expeditions has a consensus “Hold” rating among eight analysts, with four buys, three holds and one sell; the average 12-month price target is $31.20.
• The company exceeded quarterly expectations, reporting an adjusted loss of $0.02 per share versus the anticipated $0.10 loss, while revenue reached $199.25 million compared with estimates of $185.86 million.
• LIND opened at $25.87, with a market capitalization of approximately $1.70 billion; insiders own 26.10% of shares, while institutional investors hold 75.94%.

Shares of Lindblad Expeditions (NASDAQ:LIND - Get Free Report) have been assigned a consensus rating of "Hold" from the eight ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $31.20.

A number of analysts recently issued reports on the stock. Stifel Nicolaus set a $37.00 target price on shares of Lindblad Expeditions in a research report on Tuesday, August 4th. Texas Capital cut shares of Lindblad Expeditions from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 29th. Deutsche Bank Aktiengesellschaft set a $29.00 price objective on shares of Lindblad Expeditions in a research note on Thursday, August 6th. Wall Street Zen raised shares of Lindblad Expeditions from a "hold" rating to a "buy" rating in a research note on Saturday, August 29th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Lindblad Expeditions in a report on Friday, July 17th.

Lindblad Expeditions Stock Performance

Lindblad Expeditions stock opened at $25.87 on Friday. Lindblad Expeditions has a 1 year low of $11.37 and a 1 year high of $35.00. The firm has a 50 day moving average price of $29.29 and a 200 day moving average price of $23.35. The company has a market cap of $1.70 billion, a price-to-earnings ratio of -68.08 and a beta of 2.22.

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

Insider Activity

In related news, Director Michael Bisnow sold 44,642 shares of the business's stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $24.21, for a total transaction of $1,080,782.82. Following the transaction, the director directly owned 25,872 shares of the company's stock, valued at approximately $626,361.12. The trade was a 63.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 26.10% of the company's stock.

Institutional Trading of Lindblad Expeditions

A number of hedge funds have recently made changes to their positions in LIND. Allworth Financial LP acquired a new position in shares of Lindblad Expeditions during the second quarter worth $38,000. Osaic Holdings Inc. grew its holdings in Lindblad Expeditions by 58.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company's stock valued at $41,000 after purchasing an additional 1,322 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Lindblad Expeditions by 222.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company's stock valued at $56,000 after purchasing an additional 3,311 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in Lindblad Expeditions during the 4th quarter worth $57,000. Finally, Silvant Capital Management LLC purchased a new stake in Lindblad Expeditions during the 2nd quarter worth $58,000. Hedge funds and other institutional investors own 75.94% of the company's stock.

Lindblad Expeditions Company Profile

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source