Lindblad Expeditions (NASDAQ:LIND) Hits New 12-Month High - What's Next?

Key Points

• Lindblad Expeditions shares reached a new 52-week high of $37.12, last trading at $36.82, well above its 50-day and 200-day moving averages of $31.05 and $24.20.
• Analyst opinions remain mixed, but the stock carries an overall “Moderate Buy” rating with an average price target of $31.50—below its current price.
• The company beat quarterly earnings and revenue expectations, while insiders sold roughly $18.3 million of stock over the past 90 days; institutional investors own 75.94% of shares.

Shares of Lindblad Expeditions (NASDAQ:LIND - Get Free Report) hit a new 52-week high during mid-day trading on Thursday. The company traded as high as $37.12 and last traded at $36.82, with a volume of 24,321 shares traded. The stock had previously closed at $35.82.

Analysts Set New Price Targets

LIND has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $30.00 price objective on shares of Lindblad Expeditions in a report on Thursday, September 17th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Lindblad Expeditions in a research report on Thursday, October 15th. Wall Street Zen upgraded Lindblad Expeditions from a "hold" rating to a "buy" rating in a report on Sunday, September 20th. Jefferies Financial Group increased their price target on shares of Lindblad Expeditions from $29.00 to $32.00 and gave the company a "hold" rating in a research report on Thursday, October 8th. Finally, Zacks Research raised Lindblad Expeditions from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Lindblad Expeditions currently has an average rating of "Moderate Buy" and an average price target of $31.50.

Lindblad Expeditions Price Performance

The firm has a 50-day moving average of $31.05 and a 200 day moving average of $24.20. The company has a market capitalization of $2.42 billion, a PE ratio of -96.34 and a beta of 2.24.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.08. The firm had revenue of $199.25 million during the quarter, compared to analysts' expectations of $185.86 million. Lindblad Expeditions had a negative net margin of 2.08% and a negative return on equity of 0.56%. Equities analysts expect that Lindblad Expeditions will post 0.22 EPS for the current year.

Insider Activity

In related news, Director Sven-Olof Lindblad sold 97,470 shares of Lindblad Expeditions stock in a transaction on Wednesday, October 21st. The shares were sold at an average price of $36.23, for a total transaction of $3,531,338.10. Following the transaction, the director owned 10,351,502 shares in the company, valued at approximately $375,034,917.46. The trade was a 0.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders sold 519,803 shares of company stock worth $18,277,908. Insiders own 26.10% of the company's stock.

Institutional Investors Weigh In On Lindblad Expeditions

Several large investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in Lindblad Expeditions by 35.3% during the third quarter. GAMMA Investing LLC now owns 1,249 shares of the company's stock worth $39,000 after acquiring an additional 326 shares during the period. Pinnacle Wealth Planning Services Inc. boosted its stake in shares of Lindblad Expeditions by 11.6% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 5,202 shares of the company's stock worth $163,000 after acquiring an additional 541 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Lindblad Expeditions by 20.5% in the third quarter. State of Alaska Department of Revenue now owns 3,300 shares of the company's stock worth $103,000 after buying an additional 562 shares in the last quarter. Allworth Financial LP boosted its stake in Lindblad Expeditions by 168.8% during the second quarter. Allworth Financial LP now owns 1,363 shares of the company's stock worth $38,000 after buying an additional 856 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in Lindblad Expeditions during the second quarter worth about $25,000. Institutional investors own 75.94% of the company's stock.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc NASDAQ: LIND operates expedition cruises and adventure travel experiences focused on nature, culture and education. Through its Lindblad Expeditions brand, the company provides small-ship voyages designed to take travelers to remote destinations while emphasizing exploration, conservation and expert-led interpretation.

The company's offerings include ocean and river expeditions, wildlife-focused voyages, cultural journeys and land-based adventures. Trips commonly feature naturalists, historians, photographers and other specialists, along with activities such as shore excursions, hiking, kayaking, snorkeling and wildlife observation.

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