Lindblad Expeditions (NASDAQ:LIND) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Lindblad Expeditions (NASDAQ:LIND) from a hold rating to a buy rating in a report published on Saturday morning,Wall Street Zen reports.

Several other brokerages have also recently weighed in on LIND. Stifel Nicolaus set a $37.00 price target on Lindblad Expeditions in a research report on Tuesday, August 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Friday, July 17th. Capital One Financial set a $31.00 price objective on Lindblad Expeditions in a report on Monday, June 29th. Texas Capital downgraded Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Benchmark lifted their target price on Lindblad Expeditions from $25.00 to $34.00 and gave the company a “buy” rating in a report on Monday, June 29th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $31.20.

Lindblad Expeditions Trading Down 10.2%

LIND opened at $26.56 on Friday. The company has a 50 day moving average of $29.46 and a 200 day moving average of $23.21. The company has a market cap of $1.74 billion, a PE ratio of -69.89 and a beta of 2.24. Lindblad Expeditions has a 12 month low of $11.37 and a 12 month high of $35.00.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $185.86 million. Lindblad Expeditions had a negative net margin of 2.08% and a negative return on equity of 0.56%. Research analysts forecast that Lindblad Expeditions will post 0.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Michael Elliott Bisnow sold 44,642 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $24.21, for a total transaction of $1,080,782.82. Following the completion of the transaction, the director directly owned 25,872 shares in the company, valued at $626,361.12. The trade was a 63.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 26.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lindblad Expeditions

Institutional investors and hedge funds have recently made changes to their positions in the business. Allworth Financial LP bought a new stake in Lindblad Expeditions during the second quarter valued at $38,000. Osaic Holdings Inc. increased its stake in Lindblad Expeditions by 58.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock worth $41,000 after acquiring an additional 1,322 shares during the last quarter. Tower Research Capital LLC TRC raised 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 acquiring an additional 3,311 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in shares of Lindblad Expeditions in the 4th quarter valued at about $57,000. Finally, Silvant Capital Management LLC bought a new stake in shares of Lindblad Expeditions during the 2nd quarter valued at about $58,000. 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.