Lindblad Expeditions (NASDAQ:LIND) Upgraded to Sell at StockNews.com

StockNews.com upgraded shares of Lindblad Expeditions (NASDAQ:LINDGet Rating) to a sell rating in a research report report published on Tuesday.

A number of other research analysts have also recently weighed in on the stock. Stifel Nicolaus lowered their target price on shares of Lindblad Expeditions from $24.00 to $23.00 and set a buy rating on the stock in a research note on Wednesday, February 23rd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Lindblad Expeditions from $16.00 to $14.00 in a report on Tuesday, May 17th. Finally, Oppenheimer initiated coverage on shares of Lindblad Expeditions in a research note on Thursday, April 21st. They issued an outperform rating and a $20.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $18.50.

Shares of LIND opened at $9.54 on Tuesday. The company has a 50-day simple moving average of $13.81 and a two-hundred day simple moving average of $15.29. Lindblad Expeditions has a one year low of $9.52 and a one year high of $19.13. The firm has a market capitalization of $485.99 million, a PE ratio of -3.67 and a beta of 2.05.

Lindblad Expeditions (NASDAQ:LINDGet Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.85) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.24). During the same period in the prior year, the firm posted ($0.66) EPS. Analysts anticipate that Lindblad Expeditions will post -1.82 earnings per share for the current fiscal year.

In other news, Director L. Dyson Dryden sold 20,837 shares of the firm’s stock in a transaction on Tuesday, April 19th. The shares were sold at an average price of $16.03, for a total value of $334,017.11. Following the completion of the sale, the director now owns 1,008,985 shares in the company, valued at approximately $16,174,029.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders have sold 57,401 shares of company stock valued at $933,470. 37.20% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of LIND. Bank of America Corp DE lifted its position in shares of Lindblad Expeditions by 4.1% during the first quarter. Bank of America Corp DE now owns 97,494 shares of the company’s stock worth $1,471,000 after purchasing an additional 3,823 shares in the last quarter. Jane Street Group LLC bought a new stake in Lindblad Expeditions during the first quarter valued at $266,000. Select Equity Group L.P. increased its stake in Lindblad Expeditions by 3.1% during the first quarter. Select Equity Group L.P. now owns 2,503,015 shares of the company’s stock valued at $37,745,000 after purchasing an additional 75,870 shares during the last quarter. First Republic Investment Management Inc. bought a new position in shares of Lindblad Expeditions during the first quarter worth about $546,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Lindblad Expeditions by 17.8% during the first quarter. Goldman Sachs Group Inc. now owns 48,327 shares of the company’s stock worth $729,000 after acquiring an additional 7,311 shares during the last quarter. Institutional investors and hedge funds own 89.62% of the company’s stock.

About Lindblad Expeditions (Get Rating)

Lindblad Expeditions Holdings, Inc provides expedition cruising and land-based adventure travel experiences. The company delivers voyages through a fleet of ten owned expedition ships and five seasonal charter vessels under the Lindblad brand; and operates eco-conscious expeditions and nature focused small-group tours under the Natural Habitat brand.

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Analyst Recommendations for Lindblad Expeditions (NASDAQ:LIND)

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