Lindblad Expeditions (NASDAQ:LIND) Sets New 52-Week High - Should You Buy?

Key Points

• Lindblad Expeditions reached a new 52-week high, trading as high as $35.49 and closing activity around $34.70, up 2.8%. Its market capitalization is approximately $2.27 billion.
• Analyst sentiment is mixed: four analysts rate the stock Buy, four Hold and one Sell. The consensus rating is Hold, with an average price target of $31.00—below the recent trading level.
• The company exceeded quarterly expectations, reporting a $0.02 per-share loss versus the anticipated $0.10 loss and revenue of $199.25 million versus estimates of $185.86 million. Institutional investors own approximately 75.94% of the stock.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) hit a new 52-week high during mid-day trading on Friday. The company traded as high as $35.49 and last traded at $34.6950, with a volume of 89475 shares traded. The stock had previously closed at $33.63.

Analyst Ratings Changes

Several brokerages have recently commented on LIND. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $30.00 target price on shares of Lindblad Expeditions in a report on Thursday, September 17th. Benchmark lifted their price target on Lindblad Expeditions from $25.00 to $34.00 and gave the stock a "buy" rating in a research note on Monday, June 29th. Zacks Research lowered shares of Lindblad Expeditions from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 10th. Stifel Nicolaus set a $37.00 price target on Lindblad Expeditions in a research report on Tuesday, August 4th. Finally, Texas Capital lowered shares of Lindblad Expeditions from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 29th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Lindblad Expeditions currently has an average rating of "Hold" and a consensus target price of $31.00.

Lindblad Expeditions Stock Up 2.8%

The stock has a market cap of $2.27 billion, a P/E ratio of -91.05 and a beta of 2.24. The firm's 50-day moving average is $29.66 and its two-hundred day moving average is $24.54.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported ($0.02) EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $185.86 million. Analysts anticipate that Lindblad Expeditions will post 0.22 earnings per share for the current fiscal year.

Institutional Trading of Lindblad Expeditions

Institutional investors and hedge funds have recently made changes to their positions in the stock. Deutsche Bank AG acquired a new position in Lindblad Expeditions in the 2nd quarter valued at $1,467,000. Fifth Third Bancorp bought a new position in Lindblad Expeditions in the 1st quarter worth $650,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Lindblad Expeditions during the 2nd quarter worth $1,268,000. Great Lakes Advisors LLC acquired a new position in Lindblad Expeditions during the 2nd quarter worth $2,057,000. Finally, Nicholas Investment Partners LP bought a new stake in Lindblad Expeditions during the second quarter valued at about $9,587,000. Institutional investors and hedge funds own 75.94% of the company's stock.

About Lindblad Expeditions

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.

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.