Lindblad Expeditions (NASDAQ:LIND) Receives $31.20 Consensus Target Price from Analysts

Shares of Lindblad Expeditions (NASDAQ:LIND) have earned an average recommendation of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $31.20.

Several brokerages recently commented on LIND. Stifel Nicolaus set a $37.00 target price on shares of Lindblad Expeditions in a report on Tuesday, August 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Friday, July 17th. Zacks Research downgraded Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft set a $29.00 price objective on Lindblad Expeditions in a research note on Thursday, August 6th. Finally, Benchmark boosted their price objective on Lindblad Expeditions from $25.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, June 29th.

Lindblad Expeditions Stock Performance

Shares of LIND stock opened at $32.35 on Wednesday. Lindblad Expeditions has a twelve month low of $11.37 and a twelve month high of $35.00. The stock’s 50 day simple moving average is $28.30 and its 200 day simple moving average is $22.44. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of -85.13 and a beta of 2.24.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings results on Monday, August 3rd. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.08. Lindblad Expeditions had a negative net margin of 2.08% and a negative return on equity of 0.56%. The company had revenue of $199.25 million for the quarter, compared to analyst estimates of $185.86 million. On average, analysts forecast that Lindblad Expeditions will post 0.17 EPS for the current fiscal year.

Insider Transactions at Lindblad Expeditions

In related news, Director John M. Fahey, Jr. sold 2,000 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $20.26, for a total transaction of $40,520.00. Following the transaction, the director owned 112,486 shares of the company’s stock, valued at approximately $2,278,966.36. The trade was a 1.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael Elliott Bisnow sold 44,642 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $24.21, for a total transaction of $1,080,782.82. Following the transaction, the director owned 25,872 shares of the company’s stock, valued at approximately $626,361.12. The trade was a 63.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 56,642 shares of company stock worth $1,321,803 over the last three months. 26.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LIND. Balanced Rock Investment Advisors LLC acquired a new position in shares of Lindblad Expeditions during the second quarter valued at about $300,000. Brasada Capital Management LP acquired a new stake in Lindblad Expeditions during the second quarter worth about $1,073,000. Formula Growth Ltd. acquired a new stake in Lindblad Expeditions during the second quarter worth about $3,149,000. Bank of America Corp DE bought a new position in Lindblad Expeditions during the second quarter valued at about $7,570,000. Finally, Jupiter Topco LLC bought a new position in Lindblad Expeditions during the second quarter valued at about $759,000. Institutional investors own 75.94% of the company’s stock.

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.