Lindblad Expeditions (NASDAQ:LIND) Stock Rating Upgraded by Wall Street Zen

Lindblad Expeditions (NASDAQ:LIND) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Sunday, Wall Street Zen reports.

Other research analysts also recently issued reports about the stock. Zacks Research downgraded shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Jefferies Financial Group began coverage on shares of Lindblad Expeditions in a report on Wednesday, September 9th. They issued a “hold” rating and a $29.00 price target on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Friday, July 17th. Benchmark lifted their price objective on Lindblad Expeditions from $25.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Finally, Texas Capital cut Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $31.00.

Lindblad Expeditions Stock Up 2.7%

Shares of LIND opened at $28.29 on Friday. The business’s 50-day moving average price is $29.30 and its 200-day moving average price is $23.86. Lindblad Expeditions has a twelve month low of $11.37 and a twelve month high of $35.00. The stock has a market cap of $1.86 billion, a PE ratio of -74.45 and a beta of 2.22.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings data on Monday, August 3rd. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.08. The company 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%. Analysts expect that Lindblad Expeditions will post 0.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lindblad Expeditions

A number of institutional investors have recently made changes to their positions in the stock. Deutsche Bank AG bought a new stake in Lindblad Expeditions in the 2nd quarter worth approximately $1,467,000. Fifth Third Bancorp bought a new position in Lindblad Expeditions during the first quarter valued at approximately $650,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Lindblad Expeditions during the second quarter valued at approximately $1,268,000. Calamos Advisors LLC purchased a new position in shares of Lindblad Expeditions during the first quarter worth approximately $1,505,000. Finally, Great Lakes Advisors LLC purchased a new position in shares of Lindblad Expeditions during the second quarter worth approximately $2,057,000. Institutional investors own 75.94% of the company’s stock.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc is an expedition travel company that provides small-ship ocean and river voyages, land-based expeditions, and related travel experiences. Its trips focus on exploration, nature, wildlife, culture, and education, with itineraries designed for destinations that are generally less accessible to conventional cruise operators.

The company operates voyages under the Lindblad Expeditions and National Geographic-Lindblad Expeditions brands through a strategic relationship with National Geographic.