Brokerages Set Lindblad Expeditions (NASDAQ:LIND) Target Price at $19.00

Lindblad Expeditions (NASDAQ:LIND) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $19.00.

Several research firms recently weighed in on LIND. Zacks Research downgraded Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Thursday, January 22nd. Benchmark reissued a “buy” rating on shares of Lindblad Expeditions in a research note on Thursday, January 15th. Stifel Nicolaus upped their price objective on Lindblad Expeditions from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Finally, Citigroup began coverage on shares of Lindblad Expeditions in a report on Tuesday, December 30th. They issued a “buy” rating for the company.

Insider Buying and Selling at Lindblad Expeditions

In other news, Director Sven-Olof Lindblad sold 233,505 shares of Lindblad Expeditions stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $17.27, for a total transaction of $4,032,631.35. Following the transaction, the director owned 10,939,274 shares in the company, valued at approximately $188,921,261.98. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Benjamin Bressler sold 222,386 shares of the business’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $16.08, for a total transaction of $3,575,966.88. Following the completion of the sale, the chief executive officer directly owned 23,466 shares in the company, valued at approximately $377,333.28. This represents a 90.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,782,351 shares of company stock valued at $29,808,188 in the last ninety days. Insiders own 34.00% of the company’s stock.

Institutional Investors Weigh In On Lindblad Expeditions

Institutional investors and hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue acquired a new position in shares of Lindblad Expeditions in the third quarter worth approximately $35,000. Osaic Holdings Inc. increased its position 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 period. Kemnay Advisory Services Inc. bought a new position in Lindblad Expeditions during the 4th quarter worth approximately $57,000. Royal Bank of Canada lifted its position in shares of Lindblad Expeditions by 127.1% in the 4th 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 period. Finally, Tower Research Capital LLC TRC lifted its position in shares of Lindblad Expeditions by 222.1% in the 2nd 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 period. Institutional investors and hedge funds own 75.94% of the company’s stock.

Lindblad Expeditions Price Performance

Shares of Lindblad Expeditions stock opened at $20.55 on Wednesday. Lindblad Expeditions has a fifty-two week low of $7.45 and a fifty-two week high of $21.23. The firm has a market capitalization of $1.14 billion, a P/E ratio of -31.14 and a beta of 2.27. The company’s 50 day moving average price is $16.86 and its two-hundred day moving average price is $14.25.

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.