Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Receives $18.50 Consensus Price Target from Brokerages

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND – Get Rating) has earned an average rating of “Hold” from the seven brokerages that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $18.50.

LIND has been the topic of a number of research reports. Oppenheimer assumed coverage on Lindblad Expeditions in a research report on Thursday, April 21st. They set an “outperform” rating and a $20.00 price target on the stock. Stifel Nicolaus decreased their price objective on Lindblad Expeditions from $24.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, February 23rd. Deutsche Bank Aktiengesellschaft decreased their price objective on Lindblad Expeditions from $16.00 to $14.00 in a report on Tuesday, May 17th. Zacks Investment Research downgraded Lindblad Expeditions from a “hold” rating to a “sell” rating in a report on Tuesday, April 26th. Finally, StockNews.com upgraded Lindblad Expeditions to a “sell” rating in a report on Tuesday, May 17th.

In other news, Director Alex P. Schultz acquired 36,200 shares of the business’s stock in a transaction on Wednesday, March 16th. The shares were acquired at an average cost of $11.84 per share, with a total value of $428,608.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director L. Dyson Dryden sold 10,461 shares of Lindblad Expeditions stock in a transaction that occurred on Thursday, April 28th. The shares were sold at an average price of $16.50, for a total value of $172,606.50. Following the sale, the director now directly owns 947,344 shares in the company, valued at $15,631,176. The disclosure for this sale can be found here. Insiders sold 64,797 shares of company stock worth $1,043,670 over the last three months. 39.20% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in Lindblad Expeditions by 1.0% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 60,593 shares of the company’s stock valued at $945,000 after acquiring an additional 603 shares in the last quarter. California State Teachers Retirement System boosted its position in Lindblad Expeditions by 1.6% during the 4th quarter. California State Teachers Retirement System now owns 41,950 shares of the company’s stock valued at $654,000 after acquiring an additional 665 shares in the last quarter. Oak Family Advisors LLC boosted its position in Lindblad Expeditions by 3.0% during the 4th quarter. Oak Family Advisors LLC now owns 27,521 shares of the company’s stock valued at $429,000 after acquiring an additional 796 shares in the last quarter. Royal Bank of Canada boosted its position in Lindblad Expeditions by 25.6% during the 3rd quarter. Royal Bank of Canada now owns 3,906 shares of the company’s stock valued at $57,000 after acquiring an additional 797 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Lindblad Expeditions by 3.9% during the 1st quarter. Rhumbline Advisers now owns 28,632 shares of the company’s stock valued at $432,000 after acquiring an additional 1,067 shares in the last quarter. 89.62% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ LIND traded up $0.62 during trading hours on Thursday, reaching $13.19. 337,424 shares of the stock traded hands, compared to its average volume of 259,622. The stock has a 50 day simple moving average of $14.18 and a two-hundred day simple moving average of $15.55. Lindblad Expeditions has a 1 year low of $10.16 and a 1 year high of $19.13. The company has a market cap of $671.92 million, a price-to-earnings ratio of -5.07 and a beta of 2.04.

Lindblad Expeditions (NASDAQ:LIND – Get Rating) last released its quarterly earnings results 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 quarter last year, the firm posted ($0.66) earnings per share. On average, equities research analysts expect that Lindblad Expeditions will post -1.82 earnings per share for the current fiscal year.

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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