Lindblad Expeditions (NASDAQ:LIND) Receives $30.50 Consensus Target Price from Analysts

Shares of Lindblad Expeditions (NASDAQ:LIND) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $29.20.

Several equities analysts recently issued reports on the company. Capital One Financial set a $31.00 price target on Lindblad Expeditions in a report on Monday, June 29th. Zacks Research upgraded shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 10th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $24.00 target price on shares of Lindblad Expeditions in a research report on Friday. Benchmark lifted their price target on shares of Lindblad Expeditions from $25.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Finally, Texas Capital downgraded shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th.

Lindblad Expeditions Stock Performance

Shares of LIND opened at $26.85 on Friday. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of -49.72 and a beta of 2.22. The business’s fifty day moving average price is $24.56 and its two-hundred day moving average price is $20.44. Lindblad Expeditions has a 52 week low of $11.37 and a 52 week high of $30.00.

Lindblad Expeditions (NASDAQ:LIND) last released its earnings results on Tuesday, May 5th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.01 by $0.08. The firm had revenue of $208.01 million during the quarter, compared to analyst estimates of $197.24 million. As a group, research analysts forecast that Lindblad Expeditions will post 0.18 EPS for the current year.

Insider Buying and Selling at Lindblad Expeditions

In related news, Director Michael Elliott Bisnow sold 44,642 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $24.21, for a total value of $1,080,782.82. Following the completion of the sale, the director owned 25,872 shares in the company, valued at approximately $626,361.12. This represents a 63.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Trey Byus sold 26,460 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $20.23, for a total value of $535,285.80. Following the completion of the transaction, the insider directly owned 111,530 shares of the company’s stock, valued at approximately $2,256,251.90. The trade was a 19.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 88,602 shares of company stock valued at $1,966,009. 26.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LIND. Graham Capital Management L.P. lifted its position in Lindblad Expeditions by 2.4% during the 4th quarter. Graham Capital Management L.P. now owns 24,763 shares of the company’s stock worth $357,000 after buying an additional 590 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Lindblad Expeditions by 0.8% during the 4th quarter. Wedge Capital Management L L P NC now owns 120,331 shares of the company’s stock worth $1,735,000 after purchasing an additional 958 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Lindblad Expeditions by 5.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company’s stock worth $198,000 after purchasing an additional 1,037 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of Lindblad Expeditions by 4.0% in the 4th quarter. Deutsche Bank AG now owns 29,521 shares of the company’s stock valued at $426,000 after buying an additional 1,140 shares during the last quarter. Finally, Aristides Capital LLC boosted its holdings in shares of Lindblad Expeditions by 4.7% in the 4th quarter. Aristides Capital LLC now owns 26,180 shares of the company’s stock valued at $378,000 after buying an additional 1,180 shares during the last quarter. 75.94% of the stock is currently 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.