Lindblad Expeditions (NASDAQ:LIND) Coverage Initiated by Analysts at Oppenheimer

Equities researchers at Oppenheimer assumed coverage on shares of Lindblad Expeditions (NASDAQ:LIND) in a report released on Monday, MarketBeat reports. The brokerage set an “outperform” rating and a $25.00 price target on the stock. Oppenheimer’s price target indicates a potential upside of 54.70% from the company’s previous close.

Several other research analysts also recently commented on the stock. Zacks Research downgraded shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Stifel Nicolaus boosted their target price on Lindblad Expeditions from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Thursday, January 22nd. Benchmark lifted their price objective on Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Finally, Citigroup assumed coverage on Lindblad Expeditions in a research report on Tuesday, December 30th. They set a “buy” rating for the company. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.25.

Lindblad Expeditions Price Performance

LIND stock opened at $16.16 on Monday. Lindblad Expeditions has a 1-year low of $7.45 and a 1-year high of $21.23. The business has a 50 day simple moving average of $17.89 and a two-hundred day simple moving average of $14.66. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of -25.65 and a beta of 2.20.

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

Insider Activity

In other Lindblad Expeditions news, Director Sven-Olof Lindblad sold 233,505 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $17.27, for a total transaction of $4,032,631.35. Following the sale, the director directly owned 10,939,274 shares of the company’s stock, valued at $188,921,261.98. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Benjamin Bressler sold 222,386 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $16.08, for a total value of $3,575,966.88. Following the sale, the chief executive officer owned 23,466 shares in the company, valued at approximately $377,333.28. This trade represents a 90.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 1,846,119 shares of company stock valued at $30,929,291. 34.00% of the stock is currently owned by company insiders.

Institutional Trading of Lindblad Expeditions

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue purchased a new position in Lindblad Expeditions during the third quarter worth $35,000. Osaic Holdings Inc. lifted 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 worth $41,000 after acquiring an additional 1,322 shares during the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of Lindblad Expeditions in the 4th quarter worth about $57,000. Royal Bank of Canada boosted its stake in shares of Lindblad Expeditions by 127.1% during the 4th quarter. Royal Bank of Canada now owns 4,494 shares of the company’s stock worth $65,000 after purchasing an additional 2,515 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in Lindblad Expeditions by 222.1% during 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 during the last quarter. 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.