Lindblad Expeditions (NASDAQ:LIND) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Lindblad Expeditions (NASDAQ:LIND) have received an average recommendation of “Moderate Buy” from the six analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $21.3333.

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

Lindblad Expeditions Stock Performance

NASDAQ:LIND opened at $16.16 on Friday. The firm’s fifty day moving average is $17.89 and its two-hundred day moving average is $14.66. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of -25.65 and a beta of 2.20. Lindblad Expeditions has a one year low of $7.45 and a one year high of $21.23.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings data 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 business had revenue of $183.18 million during the quarter, compared to analyst estimates of $167.66 million. As a group, equities research analysts predict that Lindblad Expeditions will post -0.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Benjamin Bressler sold 222,386 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer directly owned 23,466 shares in the company, valued at $377,333.28. This trade represents a 90.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sven-Olof Lindblad sold 233,505 shares of Lindblad Expeditions stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $17.27, for a total value of $4,032,631.35. Following the completion of the transaction, the director owned 10,939,274 shares of the company’s stock, valued at approximately $188,921,261.98. This represents a 2.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,846,119 shares of company stock valued at $30,929,291 in the last ninety days. 34.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lindblad Expeditions

Hedge funds have recently bought and sold shares of the business. Aristides Capital LLC grew its holdings in Lindblad Expeditions by 4.7% in the fourth quarter. Aristides Capital LLC now owns 26,180 shares of the company’s stock valued at $378,000 after purchasing an additional 1,180 shares during the period. Invesco Ltd. raised its stake in shares of Lindblad Expeditions by 12.9% during the 4th quarter. Invesco Ltd. now owns 36,911 shares of the company’s stock worth $532,000 after buying an additional 4,210 shares during the period. nVerses Capital LLC purchased a new position in shares of Lindblad Expeditions during the 4th quarter valued at approximately $156,000. Numerai GP LLC lifted its position in shares of Lindblad Expeditions by 93.6% during the 4th quarter. Numerai GP LLC now owns 37,392 shares of the company’s stock valued at $539,000 after buying an additional 18,081 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in Lindblad Expeditions in the 4th quarter valued at $215,000. Hedge funds and other institutional investors own 75.94% of the company’s stock.

About Lindblad Expeditions

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.