Analysts Set Lindblad Expeditions (NASDAQ:LIND) PT at $21.33

Shares of Lindblad Expeditions (NASDAQ:LIND) have been assigned an average rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $22.25.

Several research firms recently commented on LIND. Stifel Nicolaus raised their target price on Lindblad Expeditions from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Thursday, January 22nd. Citigroup assumed coverage on shares of Lindblad Expeditions in a research report on Tuesday, December 30th. They set a “buy” rating for the company. Benchmark lifted their price target 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. Finally, Zacks Research cut shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th.

Insiders Place Their Bets

In related news, Director Sven-Olof Lindblad sold 28,002 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $17.61, for a total transaction of $493,115.22. Following the completion of the sale, the director directly owned 10,783,962 shares of the company’s stock, valued at $189,905,570.82. This trade represents a 0.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John M. Fahey, Jr. sold 7,768 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $17.66, for a total value of $137,182.88. Following the completion of the transaction, the director directly owned 122,986 shares in the company, valued at approximately $2,171,932.76. This represents a 5.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,846,119 shares of company stock valued at $30,929,291 in the last 90 days. Insiders own 34.00% of the company’s stock.

Institutional Investors Weigh In On Lindblad Expeditions

A number of hedge funds have recently added to or reduced their stakes in the stock. Aristides Capital LLC lifted its position in shares of Lindblad Expeditions by 4.7% during the fourth quarter. Aristides Capital LLC now owns 26,180 shares of the company’s stock worth $378,000 after purchasing an additional 1,180 shares in the last quarter. Invesco Ltd. lifted its holdings in Lindblad Expeditions by 12.9% during the 4th quarter. Invesco Ltd. now owns 36,911 shares of the company’s stock worth $532,000 after buying an additional 4,210 shares in the last quarter. nVerses Capital LLC acquired a new position in Lindblad Expeditions during the 4th quarter worth $156,000. Numerai GP LLC boosted its position in Lindblad Expeditions by 93.6% in the 4th quarter. Numerai GP LLC now owns 37,392 shares of the company’s stock valued at $539,000 after buying an additional 18,081 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Lindblad Expeditions in the 4th quarter valued at $215,000. Institutional investors own 75.94% of the company’s stock.

Lindblad Expeditions Stock Up 5.0%

Lindblad Expeditions stock opened at $17.78 on Friday. Lindblad Expeditions has a 12 month low of $7.45 and a 12 month high of $21.23. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of -28.22 and a beta of 2.20. The business has a 50 day moving average price of $18.00 and a two-hundred day moving average price of $14.70.

Lindblad Expeditions (NASDAQ:LIND) last issued its earnings results on Thursday, February 26th. The company reported ($0.45) 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 analyst estimates of $167.66 million. On average, analysts expect that Lindblad Expeditions will post -0.43 earnings per share for the current fiscal year.

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.