Lindblad Expeditions (NASDAQ:LIND) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Analyst consensus is “Moderate Buy”: Eight analysts cover Lindblad Expeditions, with four buy ratings, one strong buy, two holds and one sell. The average 12-month price target is $31.20.
• Recent results exceeded expectations: The company reported a quarterly loss of $0.02 per share versus the consensus estimate of a $0.10 loss, while revenue of $199.25 million topped expectations of $185.86 million.
• Shares have risen sharply, but insiders sold stock: LIND opened at $32.84, near its 52-week high of $34.95, while insiders sold 57,642 shares worth approximately $1.34 million over the past 90 days. Institutional investors own 75.94% of the company.

Shares of Lindblad Expeditions (NASDAQ:LIND - Get Free Report) have received a consensus rating of "Moderate Buy" from the eight analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $31.20.

LIND has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Lindblad Expeditions in a report on Friday, July 17th. Deutsche Bank Aktiengesellschaft set a $29.00 price target on shares of Lindblad Expeditions in a report on Thursday, August 6th. Zacks Research lowered shares of Lindblad Expeditions from a "strong-buy" rating to a "hold" rating in a report on Monday. Texas Capital cut Lindblad Expeditions from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 29th. Finally, Stifel Nicolaus set a $37.00 target price on Lindblad Expeditions in a research note on Tuesday, August 4th.

Insider Activity

In related news, insider Trey Byus sold 10,000 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $20.05, for a total transaction of $200,500.00. Following the sale, the insider directly owned 101,530 shares of the company's stock, valued at $2,035,676.50. This trade represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael Elliott Bisnow sold 44,642 shares of the business's stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $24.21, for a total value of $1,080,782.82. Following the completion of the transaction, the director directly owned 25,872 shares of the company's stock, valued at approximately $626,361.12. This trade represents a 63.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 57,642 shares of company stock valued at $1,341,193 over the last ninety days. 26.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Ieq Capital LLC bought a new position in Lindblad Expeditions during the second quarter valued at approximately $203,000. Allworth Financial LP purchased a new stake in Lindblad Expeditions during the 2nd quarter valued at $38,000. Greenspring Advisors LLC purchased a new stake in Lindblad Expeditions during the 2nd quarter valued at $205,000. Silvant Capital Management LLC bought a new position in shares of Lindblad Expeditions during the 2nd quarter valued at $58,000. Finally, Lisanti Capital Growth LLC bought a new position in shares of Lindblad Expeditions during the 2nd quarter valued at $5,279,000. 75.94% of the stock is owned by hedge funds and other institutional investors.

Lindblad Expeditions Price Performance

Shares of NASDAQ:LIND opened at $32.84 on Wednesday. Lindblad Expeditions has a 1-year low of $11.37 and a 1-year high of $34.95. The business has a fifty day moving average price of $27.13 and a 200-day moving average price of $21.83. The company has a market capitalization of $2.15 billion, a PE ratio of -86.42 and a beta of 2.24.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last announced its quarterly 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 net margin of 2.08% and a negative return on equity of 0.56%. The company had revenue of $199.25 million for the quarter, compared to analysts' expectations of $185.86 million. On average, sell-side analysts anticipate that Lindblad Expeditions will post 0.17 earnings per share for the current fiscal year.

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.

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