Lindblad Expeditions (NASDAQ:LIND) Stock Price Passes Below 50 Day Moving Average - Time to Sell?

Key Points

• Technical break: LIND slipped below its 50-day moving average of $18.62, trading as low as $18.15 and last at $18.38 on heavy volume.
• Analyst outlook: The consensus is a "Moderate Buy" (five Buy, one Hold, one Sell) with an average price target of $22.25, though individual notes range from a Weiss "sell (d-)" to Oppenheimer's "outperform" with a $25 target.
• Insider selling and earnings: Insiders sold 1,152,973 shares this quarter (including sizable sales by the CEO and a director), and the company reported Q EPS of ($0.45) versus ($0.32) expected while beating revenue estimates.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report)'s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $18.62 and traded as low as $18.15. Lindblad Expeditions shares last traded at $18.38, with a volume of 478,278 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LIND. Stifel Nicolaus upped their price target on shares of Lindblad Expeditions from $20.00 to $23.00 and gave the stock a "buy" rating in a research report on Monday, January 12th. Zacks Research cut shares of Lindblad Expeditions from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 4th. Citigroup initiated coverage on shares of Lindblad Expeditions in a research note on Tuesday, December 30th. They issued a "buy" rating for the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of Lindblad Expeditions in a research report on Tuesday. Finally, Oppenheimer assumed coverage on shares of Lindblad Expeditions in a research note on Monday, March 16th. They set an "outperform" rating and a $25.00 price target on the stock. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $22.25.

Lindblad Expeditions Price Performance

The firm has a 50 day moving average price of $18.62 and a 200-day moving average price of $15.66. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of -29.17 and a beta of 2.25.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The company reported ($0.45) EPS for the quarter, missing analysts' consensus estimates of ($0.32) by ($0.13). The company had revenue of $183.18 million during the quarter, compared to analysts' expectations of $167.66 million. On average, sell-side analysts expect that Lindblad Expeditions will post 0.06 EPS for the current fiscal year.

Insider Buying and Selling at Lindblad Expeditions

In other news, CEO Benjamin Bressler sold 41,000 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $18.08, for a total value of $741,280.00. Following the transaction, the chief executive officer owned 23,466 shares of the company's stock, valued at $424,265.28. This represents a 63.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jr. Thomas S. Smith sold 56,000 shares of the firm's stock in a transaction on Monday, March 9th. The stock was sold at an average price of $17.57, for a total value of $983,920.00. Following the completion of the transaction, the director owned 45,488 shares in the company, valued at $799,224.16. This represents a 55.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,152,973 shares of company stock worth $19,815,198 over the last quarter. 34.00% of the stock is currently owned by insiders.

Institutional Trading of Lindblad Expeditions

Institutional investors and hedge funds have recently modified their holdings of the stock. Graham Capital Management L.P. boosted its holdings in shares of Lindblad Expeditions by 2.4% in the fourth quarter. Graham Capital Management L.P. now owns 24,763 shares of the company's stock valued at $357,000 after buying an additional 590 shares during the period. Wedge Capital Management L L P NC raised its holdings in shares of Lindblad Expeditions by 0.8% during the fourth quarter. Wedge Capital Management L L P NC now owns 120,331 shares of the company's stock worth $1,735,000 after acquiring an additional 958 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Lindblad Expeditions by 5.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company's stock valued at $198,000 after acquiring an additional 1,037 shares in the last quarter. Simon Quick Advisors LLC lifted its position in Lindblad Expeditions by 7.1% in the 3rd quarter. Simon Quick Advisors LLC now owns 16,118 shares of the company's stock valued at $206,000 after acquiring an additional 1,065 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in Lindblad Expeditions by 4.0% in the 4th quarter. Deutsche Bank AG now owns 29,521 shares of the company's stock worth $426,000 after purchasing an additional 1,140 shares during the period. 75.94% of the stock is owned by institutional investors.

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.

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.