Lindblad Expeditions (NASDAQ:LIND) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Lindblad Expeditions (NASDAQ:LIND) has been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $31.50.

Several equities research analysts have weighed in on the stock. Zacks Research raised shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $30.00 price objective on shares of Lindblad Expeditions in a report on Thursday, September 17th. Texas Capital downgraded Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Stifel Nicolaus set a $37.00 price target on Lindblad Expeditions in a report on Tuesday, August 4th. Finally, Capital One Financial set a $31.00 target price on Lindblad Expeditions in a research report on Monday, June 29th.

Lindblad Expeditions Stock Performance

Shares of NASDAQ LIND opened at $34.24 on Monday. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of -90.11 and a beta of 2.24. Lindblad Expeditions has a 12 month low of $11.37 and a 12 month high of $36.97. The business has a 50-day moving average of $30.76 and a 200-day moving average of $26.55.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings results on Monday, August 3rd. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.08. The business had revenue of $199.25 million for the quarter, compared to the consensus estimate of $185.86 million. Lindblad Expeditions had a negative return on equity of 0.56% and a negative net margin of 2.08%. On average, analysts predict that Lindblad Expeditions will post 0.22 earnings per share for the current year.

Insider Buying and Selling at Lindblad Expeditions

In other news, Director Sven-Olof Lindblad sold 97,470 shares of the business’s stock in a transaction that occurred on Wednesday, October 21st. The stock was 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 of the company’s stock, valued at approximately $375,034,917.46. The trade was a 0.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 403,674 shares of company stock worth $14,251,844. Insiders own 26.10% of the company’s stock.

Institutional Investors Weigh In On Lindblad Expeditions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LIND. Tectonic Advisors LLC acquired a new stake in Lindblad Expeditions in the third quarter valued at approximately $925,000. 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 in the last quarter. Pinnacle Associates Ltd. raised its stake in shares of Lindblad Expeditions by 8.0% during the 3rd quarter. Pinnacle Associates Ltd. now owns 864,233 shares of the company’s stock worth $27,163,000 after buying an additional 64,185 shares during the period. State of Alaska Department of Revenue lifted its stake in Lindblad Expeditions by 20.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 3,300 shares of the company’s stock valued at $103,000 after buying an additional 562 shares in the last quarter. Finally, Krilogy Financial LLC lifted its holdings in Lindblad Expeditions by 23.3% in the 3rd quarter. Krilogy Financial LLC now owns 9,562 shares of the company’s stock valued at $301,000 after purchasing an additional 1,805 shares in the last quarter. 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.