Shares of Lindblad Expeditions Holdings Inc (NASDAQ:LIND) have been given an average rating of “Buy” by the seven ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $13.75.
LIND has been the topic of a number of recent research reports. BidaskClub raised shares of Lindblad Expeditions from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 21st. Deutsche Bank raised their price objective on shares of Lindblad Expeditions from $12.00 to $13.00 and gave the company a “hold” rating in a research note on Monday, November 5th. TheStreet lowered shares of Lindblad Expeditions from a “b” rating to a “c+” rating in a research note on Monday, November 19th. Finally, Zacks Investment Research raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Tuesday, August 7th.
Institutional investors have recently added to or reduced their stakes in the business. Metropolitan Life Insurance Co. NY bought a new position in shares of Lindblad Expeditions in the second quarter valued at $100,000. MetLife Investment Advisors LLC bought a new position in shares of Lindblad Expeditions during the second quarter valued at about $143,000. Sawgrass Asset Management LLC bought a new position in shares of Lindblad Expeditions during the third quarter valued at about $222,000. Panagora Asset Management Inc. bought a new position in shares of Lindblad Expeditions during the third quarter valued at about $243,000. Finally, Acadian Asset Management LLC bought a new position in shares of Lindblad Expeditions during the second quarter valued at about $250,000. 54.16% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:LIND traded down $0.19 during trading hours on Wednesday, reaching $12.74. The company had a trading volume of 97,675 shares, compared to its average volume of 142,049. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $590.10 million, a price-to-earnings ratio of 141.56 and a beta of 0.43. Lindblad Expeditions has a twelve month low of $8.66 and a twelve month high of $15.88.
Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings results on Friday, November 2nd. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). The business had revenue of $87.24 million for the quarter, compared to analyst estimates of $91.26 million. Equities analysts predict that Lindblad Expeditions will post 0.23 earnings per share for the current fiscal year.
Lindblad Expeditions Company Profile
Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest empowerment and interactivity. The company operates expeditions on intimately-scaled ships and interaction between guests, crew, and the teams of scientists, naturalists, researchers, and photographers that participate in the expeditions.
Featured Story: Google Finance Portfolio Tips and Tricks