Lindblad Expeditions (NASDAQ:LIND) Sets New 1-Year High - Here's What Happened

Key Points

• Lindblad Expeditions reached a new 52-week high of $36.70, with shares last trading near $36.42 and a market capitalization of approximately $2.40 billion.
• Analyst sentiment is broadly positive: the stock has a consensus “Moderate Buy” rating, though its $31.50 average price target is below the current share price.
• The company exceeded quarterly expectations, reporting a loss of $0.02 per share versus the anticipated $0.10 loss and revenue of $199.25 million, ahead of the $185.86 million consensus estimate.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) hit a new 52-week high on Monday. The stock traded as high as $36.70 and last traded at $36.4150, with a volume of 70,001 shares changing hands. The stock had previously closed at $35.82.

Analyst Ratings Changes

Several analysts recently issued reports on LIND shares. Zacks Research upgraded Lindblad Expeditions from a "hold" rating to a "strong-buy" rating in a report on Friday, October 2nd. Wall Street Zen raised Lindblad Expeditions from a "hold" rating to a "buy" rating in a research report on Sunday, September 20th. Capital One Financial set a $31.00 price target on Lindblad Expeditions in a research report on Monday, June 29th. Benchmark raised their price target on Lindblad Expeditions from $25.00 to $34.00 and gave the company a "buy" rating in a research note on Monday, June 29th. Finally, Stifel Nicolaus set a $37.00 price target on Lindblad Expeditions in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $31.50.

Lindblad Expeditions Stock Performance

The company has a market cap of $2.40 billion, a P/E ratio of -96.12 and a beta of 2.24. The business's 50-day moving average price is $30.44 and its 200 day moving average price is $25.30.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, beating 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. Equities research analysts forecast that Lindblad Expeditions will post 0.22 earnings per share for the current year.

Institutional Trading of Lindblad Expeditions

Several institutional investors and hedge funds have recently bought and sold shares of LIND. Integrated Wealth Concepts LLC acquired a new position in Lindblad Expeditions in the 2nd quarter valued at $25,000. GAMMA Investing LLC increased its position in Lindblad Expeditions by 35.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,249 shares of the company's stock worth $39,000 after buying an additional 326 shares during the period. Allworth Financial LP acquired a new stake in shares of Lindblad Expeditions during the second quarter worth $38,000. Silvant Capital Management LLC acquired a new stake in shares of Lindblad Expeditions during the second quarter worth $58,000. Finally, State of Wyoming acquired a new stake in shares of Lindblad Expeditions during the second quarter worth $109,000. Institutional investors own 75.94% of the company's stock.

Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc is an expedition travel company that operates small-ship voyages and land-based adventures in environmentally and culturally significant destinations. Its trips emphasize exploration, education and conservation, and are designed to provide travelers with opportunities to observe wildlife, visit remote communities and learn from naturalists, historians and other expert guides.

The company operates under the Lindblad Expeditions and National Geographic Expeditions brands through a strategic relationship with National Geographic.

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