Lindblad Expeditions (NASDAQ:LIND) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Lindblad Expeditions (NASDAQ:LIND) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $22.25.

A number of analysts recently weighed in on LIND shares. Benchmark increased their price target on shares of Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Thursday, January 22nd. Citigroup assumed coverage on shares of Lindblad Expeditions in a research report on Tuesday, December 30th. They set a “buy” rating for the company. Stifel Nicolaus upped their price objective on shares of Lindblad Expeditions from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Finally, Zacks Research downgraded shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th.

Lindblad Expeditions Price Performance

Shares of NASDAQ:LIND opened at $18.89 on Thursday. The stock has a market cap of $1.23 billion, a P/E ratio of -29.98 and a beta of 2.25. The firm has a fifty day moving average price of $18.49 and a 200 day moving average price of $15.13. Lindblad Expeditions has a 1-year low of $7.48 and a 1-year high of $21.23.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.13). The company had revenue of $183.18 million for the quarter, compared to analysts’ expectations of $167.66 million. Sell-side analysts expect that Lindblad Expeditions will post -0.43 EPS for the current fiscal year.

Insiders Place Their Bets

In other Lindblad Expeditions news, Director Sven-Olof Lindblad sold 233,505 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $17.27, for a total transaction of $4,032,631.35. Following the completion of the transaction, the director owned 10,939,274 shares in the company, valued at approximately $188,921,261.98. This represents a 2.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Benjamin Bressler sold 222,386 shares of the company’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $16.08, for a total transaction of $3,575,966.88. Following the transaction, the chief executive officer owned 23,466 shares of the company’s stock, valued at approximately $377,333.28. The trade was a 90.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,800,368 shares of company stock valued at $30,241,518. 34.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Lindblad Expeditions

Large investors have recently bought and sold shares of the company. State of Alaska Department of Revenue purchased a new position in Lindblad Expeditions during the 3rd quarter worth $35,000. Osaic Holdings Inc. increased its holdings in shares of Lindblad Expeditions by 58.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock valued at $41,000 after purchasing an additional 1,322 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new position in shares of Lindblad Expeditions in the 4th quarter valued at about $57,000. Royal Bank of Canada increased its holdings in shares of Lindblad Expeditions by 127.1% in the 4th quarter. Royal Bank of Canada now owns 4,494 shares of the company’s stock valued at $65,000 after purchasing an additional 2,515 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Lindblad Expeditions by 222.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock valued at $56,000 after purchasing an additional 3,311 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Lindblad Expeditions Company Profile

Lindblad Expeditions (NASDAQ: LIND) is a global leader in expedition cruising, specializing in immersive small-ship voyages to some of the world’s most remote and wildlife-rich regions. The company operates a fleet of purpose-built vessels designed to navigate challenging waters and shorelines, offering guests up-close encounters with natural environments such as the polar ice caps, the Galápagos Islands, Costa Rica’s rainforests and the waterways of Alaska, Patagonia and the Arctic.

Founded on the pioneering spirit of Lars-Eric Lindblad, regarded as the father of expedition travel, Lindblad Expeditions carries forward a legacy of discovery that dates back to the 1960s.