Lindblad Expeditions (NASDAQ:LIND) Stock Has Consensus Price Target of $31.00

Shares of Lindblad Expeditions (NASDAQ:LIND) have earned an average recommendation of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $31.00.

Several equities analysts have recently commented on LIND shares. Jefferies Financial Group initiated coverage on Lindblad Expeditions in a research note on Wednesday, September 9th. They set a “hold” rating and a $29.00 price target on the stock. Wall Street Zen raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Sunday, September 20th. Zacks Research cut shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Stifel Nicolaus set a $37.00 target price on shares of Lindblad Expeditions in a research report on Tuesday, August 4th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Friday, July 17th.

Lindblad Expeditions Stock Performance

Lindblad Expeditions stock opened at $35.60 on Thursday. The company has a 50 day moving average price of $29.97 and a 200-day moving average price of $24.79. Lindblad Expeditions has a fifty-two week low of $11.37 and a fifty-two week high of $36.04. The company has a market capitalization of $2.34 billion, a PE ratio of -93.68 and a beta of 2.24.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings data on Monday, August 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.08. The company had revenue of $199.25 million for the quarter, compared to analysts’ expectations of $185.86 million. Lindblad Expeditions had a negative return on equity of 0.56% and a negative net margin of 2.08%. On average, analysts forecast that Lindblad Expeditions will post 0.22 earnings per share for the current year.

Institutional Trading of Lindblad Expeditions

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Lindblad Expeditions in the 2nd quarter worth $122,583,000. Principal Financial Group Inc. grew its stake in Lindblad Expeditions by 3.2% in the first quarter. Principal Financial Group Inc. now owns 1,529,868 shares of the company’s stock valued at $26,467,000 after purchasing an additional 46,955 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Lindblad Expeditions by 44.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company’s stock valued at $22,021,000 after purchasing an additional 393,359 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Lindblad Expeditions by 59.0% in the first quarter. Dimensional Fund Advisors LP now owns 786,119 shares of the company’s stock worth $13,598,000 after purchasing an additional 291,776 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Lindblad Expeditions in the second quarter worth about $19,362,000. Institutional investors own 75.94% of the company’s stock.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc is an expedition travel company that operates small-ship voyages and land-based adventures in environmentally and culturally significant destinations. Its trips emphasize exploration, education and conservation, and are designed to provide travelers with opportunities to observe wildlife, visit remote communities and learn from naturalists, historians and other expert guides.

The company operates under the Lindblad Expeditions and National Geographic Expeditions brands through a strategic relationship with National Geographic.