Oppenheimer Begins Coverage on Lindblad Expeditions (NASDAQ:LIND)

Equities researchers at Oppenheimer assumed coverage on shares of Lindblad Expeditions (NASDAQ:LIND) in a research report issued on Monday, MarketBeat Ratings reports. The brokerage set an “outperform” rating and a $25.00 price target on the stock. Oppenheimer’s price objective points to a potential upside of 54.70% from the stock’s current price.

LIND has been the subject of a number of other reports. 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 shares of Lindblad Expeditions from $18.00 to $25.00 and gave the company a “buy” rating in a report on Friday, February 27th. Citigroup began coverage on shares of Lindblad Expeditions in a research note on Tuesday, December 30th. They issued a “buy” rating on the stock. Zacks Research lowered shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Finally, Stifel Nicolaus lifted their price target on shares of Lindblad Expeditions from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $22.25.

Lindblad Expeditions Stock Performance

Shares of NASDAQ LIND opened at $16.16 on Monday. The business’s 50 day moving average price is $17.89 and its 200-day moving average price is $14.66. Lindblad Expeditions has a fifty-two week low of $7.45 and a fifty-two week high of $21.23. The company has a market cap of $1.05 billion, a price-to-earnings ratio of -25.65 and a beta of 2.20.

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

Insider Buying and Selling at Lindblad Expeditions

In other news, CEO Benjamin Bressler sold 41,000 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $18.08, for a total value of $741,280.00. Following the completion of the sale, the chief executive officer owned 23,466 shares in the company, valued at approximately $424,265.28. The trade was a 63.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John M. Fahey, Jr. sold 7,768 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $17.66, for a total transaction of $137,182.88. Following the completion of the sale, the director directly owned 122,986 shares of the company’s stock, valued at $2,171,932.76. The trade was a 5.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 insiders.

Hedge Funds Weigh In On Lindblad Expeditions

A number of large investors have recently bought and sold shares of LIND. State of Alaska Department of Revenue purchased a new stake in Lindblad Expeditions during the third quarter worth $35,000. Osaic Holdings Inc. boosted its position in Lindblad Expeditions by 58.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock valued at $41,000 after acquiring an additional 1,322 shares in the last quarter. 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 acquiring an additional 3,311 shares during the period. Kemnay Advisory Services Inc. purchased a new position in shares of Lindblad Expeditions in the 4th quarter worth approximately $57,000. Finally, CWM LLC raised its stake in shares of Lindblad Expeditions by 188.1% during the 3rd quarter. CWM LLC now owns 4,849 shares of the company’s stock worth $62,000 after acquiring an additional 3,166 shares in the last quarter. 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.