Lindblad Expeditions (NASDAQ:LIND) Receives $17.33 Average Price Target from Analysts

Shares of Lindblad Expeditions (NASDAQ:LIND) have earned an average recommendation of “Moderate Buy” from the six analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $17.3333.

LIND has been the subject of several analyst reports. Zacks Research cut Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Wednesday, October 8th. Citigroup assumed coverage on shares of Lindblad Expeditions in a research note on Tuesday. They set a “buy” rating on the stock. Benchmark assumed coverage on shares of Lindblad Expeditions in a research report on Tuesday. They issued a “buy” rating and a $18.00 target price for the company. Finally, Wall Street Zen downgraded shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Saturday, October 25th.

Lindblad Expeditions Price Performance

Shares of NASDAQ:LIND opened at $14.42 on Tuesday. The company’s 50 day moving average price is $12.79 and its two-hundred day moving average price is $12.78. Lindblad Expeditions has a 12-month low of $7.45 and a 12-month high of $15.06. The firm has a market cap of $798.87 million, a PE ratio of -21.85 and a beta of 2.28.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.11. The business had revenue of $240.17 million during the quarter, compared to analyst estimates of $229.68 million. On average, research analysts expect that Lindblad Expeditions will post -0.43 EPS for the current year.

Insider Activity at Lindblad Expeditions

In related news, CEO Benjamin Bressler sold 16,123 shares of the firm’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $15.02, for a total value of $242,167.46. Following the sale, the chief executive officer directly owned 23,466 shares of the company’s stock, valued at $352,459.32. This trade represents a 40.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 34.00% of the company’s stock.

Institutional Investors Weigh In On Lindblad Expeditions

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in Lindblad Expeditions by 18.6% in the third quarter. JPMorgan Chase & Co. now owns 369,337 shares of the company’s stock valued at $4,728,000 after buying an additional 57,974 shares during the period. Tudor Investment Corp ET AL boosted its position in shares of Lindblad Expeditions by 15.5% during the 3rd quarter. Tudor Investment Corp ET AL now owns 302,576 shares of the company’s stock valued at $3,873,000 after purchasing an additional 40,628 shares in the last quarter. Penn Capital Management Company LLC grew its stake in Lindblad Expeditions by 1.7% during the third quarter. Penn Capital Management Company LLC now owns 969,539 shares of the company’s stock worth $12,423,000 after purchasing an additional 16,418 shares during the period. Caxton Associates LLP acquired a new stake in Lindblad Expeditions during the third quarter worth approximately $173,000. Finally, Verition Fund Management LLC increased its holdings in Lindblad Expeditions by 53.6% in the third quarter. Verition Fund Management LLC now owns 15,761 shares of the company’s stock worth $202,000 after purchasing an additional 5,502 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

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.