Lindblad Expeditions (NASDAQ:LIND) Shares Down 8.7% - Should You Sell?

Key Points

• Lindblad Expeditions shares fell 8.7% to about $33.46, with trading volume roughly 91% below the average session volume.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating, though the $31.50 average price target is below the stock’s trading level.
• The company slightly exceeded quarterly expectations, reporting $0.36 in EPS versus $0.35 expected and $269.15 million in revenue versus $263.54 million forecast; however, profitability remained weak with a negative net margin.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) traded down 8.7% during trading on Tuesday. The stock traded as low as $33.76 and last traded at $33.4610. Approximately 72,671 shares were traded during mid-day trading, a decline of 91% from the average session volume of 836,092 shares. The stock had previously closed at $36.66.

Wall Street Analyst Weigh In

LIND has been the topic of several research analyst reports. Jefferies Financial Group lifted their target price 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. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $30.00 price target on shares of Lindblad Expeditions in a research note on Thursday, September 17th. Wall Street Zen raised Lindblad Expeditions from a "hold" rating to a "buy" rating in a report on Sunday, September 20th. Zacks Research upgraded Lindblad Expeditions from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 2nd. Finally, Stifel Nicolaus set a $37.00 price target on Lindblad Expeditions in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Lindblad Expeditions presently has an average rating of "Moderate Buy" and a consensus target price of $31.50.

Lindblad Expeditions Trading Down 7.0%

The firm has a market capitalization of $2.24 billion, a PE ratio of -89.57 and a beta of 2.24. The business has a 50 day moving average price of $31.39 and a 200-day moving average price of $24.51.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. Lindblad Expeditions had a negative return on equity of 0.56% and a negative net margin of 2.08%. The firm had revenue of $269.15 million during the quarter, compared to analysts' expectations of $263.54 million. On average, equities research analysts forecast that Lindblad Expeditions will post 0.22 earnings per share for the current year.

Insider Activity at Lindblad Expeditions

In related news, Director Sven-Olof Lindblad sold 66,872 shares of the stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $36.95, for a total value of $2,470,920.40. Following the completion of the transaction, the director owned 9,937,202 shares of the company's stock, valued at approximately $367,179,613.90. This represents a 0.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last quarter, insiders sold 750,000 shares of company stock worth $26,532,349. Company insiders own 26.10% of the company's stock.

Institutional Trading of Lindblad Expeditions

Hedge funds and other institutional investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC acquired a new stake in shares of Lindblad Expeditions in the 2nd quarter valued at $25,000. GAMMA Investing LLC grew its stake in shares of 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 purchasing an additional 326 shares in the last quarter. Allworth Financial LP acquired a new position in shares of Lindblad Expeditions during the second quarter worth $38,000. Sterling Capital Management LLC increased its holdings in Lindblad Expeditions by 846.0% in the third quarter. Sterling Capital Management LLC now owns 1,665 shares of the company's stock valued at $52,000 after buying an additional 1,489 shares during the last quarter. Finally, Silvant Capital Management LLC purchased a new position in Lindblad Expeditions in the second quarter valued at $58,000. 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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