Lindblad Expeditions (NASDAQ:LIND) Shares Up 5.7% - Should You Buy?

Key Points

• Lindblad Expeditions shares rose 5.7% to approximately $30.07 during Monday’s trading, although volume was 61% below the average.
• Analyst sentiment remains cautious: the stock has a consensus “Hold” rating from nine analysts, with an average price target of $31.00.
• The company beat quarterly expectations, reporting a loss of $0.02 per share versus the estimated $0.10 loss and revenue of $199.25 million versus $185.86 million expected; institutional investors own 75.94% of the shares.

Shares of Lindblad Expeditions (NASDAQ:LIND - Get Free Report) shot up 5.7% during mid-day trading on Monday. The stock traded as high as $29.96 and last traded at $30.0650. Approximately 318,697 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 827,303 shares. The stock had previously closed at $28.45.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LIND. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Lindblad Expeditions in a research report on Friday, July 17th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $30.00 price objective on shares of Lindblad Expeditions in a report on Thursday, September 17th. Zacks Research lowered Lindblad Expeditions from a "strong-buy" rating to a "hold" rating in a report on Monday, August 10th. Capital One Financial set a $31.00 price target on Lindblad Expeditions in a report on Monday, June 29th. Finally, Jefferies Financial Group began coverage on shares of Lindblad Expeditions in a research report on Wednesday, September 9th. They issued a "hold" rating and a $29.00 price target on the stock. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Lindblad Expeditions currently has a consensus rating of "Hold" and an average price target of $31.00.

Lindblad Expeditions Stock Up 4.2%

The company has a 50-day moving average price of $29.36 and a 200-day moving average price of $24.13. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of -78.00 and a beta of 2.22.

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

Institutional Investors Weigh In On Lindblad Expeditions

Several hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC acquired a new position in Lindblad Expeditions during the 2nd quarter valued at $25,000. Allworth Financial LP acquired a new stake in Lindblad Expeditions in the 2nd quarter worth $38,000. Silvant Capital Management LLC bought a new position in shares of Lindblad Expeditions during the 2nd quarter worth about $58,000. Assetmark Inc. increased its holdings in shares of Lindblad Expeditions by 77.0% during the 1st quarter. Assetmark Inc. now owns 5,455 shares of the company's stock worth $94,000 after purchasing an additional 2,373 shares during the period. Finally, State of Wyoming acquired a new position in shares of Lindblad Expeditions during the second quarter valued at about $109,000. 75.94% of the stock is owned by institutional investors.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc is an expedition travel company that provides small-ship ocean and river voyages, land-based expeditions, and related travel experiences. Its trips focus on exploration, nature, wildlife, culture, and education, with itineraries designed for destinations that are generally less accessible to conventional cruise operators.

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

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