Brokerages Set Lindblad Expeditions (NASDAQ:LIND) Price Target at $24.33

Shares of Lindblad Expeditions (NASDAQ:LIND) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $28.25.

Several analysts have recently weighed in on LIND shares. Wall Street Zen upgraded shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Benchmark lifted their target price on shares of Lindblad Expeditions from $25.00 to $34.00 and gave the company a “buy” rating in a research report on Monday. Oppenheimer started coverage on shares of Lindblad Expeditions in a research report on Monday, March 16th. They set an “outperform” rating and a $25.00 target price on the stock. Capital One Financial set a $31.00 target price on shares of Lindblad Expeditions in a research report on Monday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Tuesday, April 21st.

Lindblad Expeditions Price Performance

NASDAQ LIND opened at $28.35 on Tuesday. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of -52.50 and a beta of 2.26. The company’s fifty day moving average is $21.73 and its two-hundred day moving average is $18.81. Lindblad Expeditions has a 52-week low of $11.37 and a 52-week high of $30.00.

Lindblad Expeditions (NASDAQ:LIND) last issued its earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.08. The business had revenue of $208.01 million for the quarter, compared to analyst estimates of $197.24 million. As a group, sell-side analysts expect that Lindblad Expeditions will post 0.09 earnings per share for the current fiscal year.

Insider Activity

In other news, Director John M. Fahey, Jr. sold 2,000 shares of Lindblad Expeditions stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $20.26, for a total transaction of $40,520.00. Following the sale, the director directly owned 112,486 shares in the company, valued at approximately $2,278,966.36. The trade was a 1.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Trey Byus sold 10,000 shares of Lindblad Expeditions stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $20.05, for a total transaction of $200,500.00. Following the transaction, the insider directly owned 101,530 shares of the company’s stock, valued at $2,035,676.50. This represents a 8.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 88,602 shares of company stock worth $1,966,009. Corporate insiders own 26.10% of the company’s stock.

Hedge Funds Weigh In On Lindblad Expeditions

Several institutional investors have recently added to or reduced their stakes in LIND. Osaic Holdings Inc. lifted its holdings in Lindblad Expeditions by 58.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock valued at $41,000 after purchasing an additional 1,322 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Lindblad Expeditions by 222.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock worth $56,000 after purchasing an additional 3,311 shares during the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of Lindblad Expeditions during the fourth quarter worth $57,000. Royal Bank of Canada grew its holdings in shares of Lindblad Expeditions by 127.1% during the fourth quarter. Royal Bank of Canada now owns 4,494 shares of the company’s stock worth $65,000 after purchasing an additional 2,515 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in shares of Lindblad Expeditions by 77.0% during the first quarter. Assetmark Inc. now owns 5,455 shares of the company’s stock worth $94,000 after purchasing an additional 2,373 shares during the last quarter. 75.94% of the stock is owned by institutional investors.

About Lindblad Expeditions

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.