Analysts Set Lindblad Expeditions (NASDAQ:LIND) Price Target at $17.33

by · The Markets Daily

Lindblad Expeditions (NASDAQ:LIND – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $17.3333.

Several equities analysts recently commented on LIND shares. Citigroup initiated coverage on Lindblad Expeditions in a report on Tuesday, December 30th. They issued a “buy” rating on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Wednesday, October 8th. Zacks Research lowered Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Benchmark assumed coverage on Lindblad Expeditions in a report on Tuesday, December 30th. They issued a “buy” rating and a $18.00 price target for the company. Finally, Wall Street Zen lowered shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th.

Get Our Latest Analysis on LIND

Lindblad Expeditions Stock Up 0.8%

Shares of NASDAQ:LIND opened at $14.55 on Tuesday. The firm’s 50 day moving average price is $12.87 and its 200 day moving average price is $12.86. The stock has a market cap of $806.07 million, a price-to-earnings ratio of -22.05 and a beta of 2.28. Lindblad Expeditions has a fifty-two week low of $7.45 and a fifty-two week high of $15.06.

Lindblad Expeditions (NASDAQ:LIND – Get Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.22 by $0.11. The firm had revenue of $240.17 million for the quarter, compared to analyst estimates of $229.68 million. On average, equities analysts anticipate that Lindblad Expeditions will post -0.43 EPS for the current year.

Insider Buying and Selling at Lindblad Expeditions

In related news, CEO Benjamin Bressler sold 16,123 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $15.02, for a total transaction of $242,167.46. Following the transaction, the chief executive officer owned 23,466 shares in the company, valued at $352,459.32. This trade represents a 40.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 34.00% of the company’s stock.

Hedge Funds Weigh In On Lindblad Expeditions

A number of institutional investors have recently modified their holdings of LIND. Summit Global Investments raised its position in Lindblad Expeditions by 3.5% in the 2nd quarter. Summit Global Investments now owns 25,328 shares of the company’s stock valued at $296,000 after purchasing an additional 848 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Lindblad Expeditions by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company’s stock valued at $198,000 after purchasing an additional 1,037 shares during the period. Simon Quick Advisors LLC increased its stake in Lindblad Expeditions by 7.1% in the third quarter. Simon Quick Advisors LLC now owns 16,118 shares of the company’s stock valued at $206,000 after purchasing an additional 1,065 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Lindblad Expeditions by 9.3% in the second quarter. The Manufacturers Life Insurance Company now owns 14,406 shares of the company’s stock valued at $168,000 after buying an additional 1,222 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its stake in shares of Lindblad Expeditions by 58.1% during the second quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock worth $41,000 after buying an additional 1,322 shares during the period. 75.94% of the stock is owned by institutional investors and hedge funds.

Lindblad Expeditions Company Profile

(Get Free Report)

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.

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