Lindblad Expeditions (NASDAQ:LIND) Receives $22.25 Average PT from Analysts

Lindblad Expeditions (NASDAQ:LIND) has received a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $22.25.

Several research analysts have recently weighed in on the company. Stifel Nicolaus upped their price objective on Lindblad Expeditions from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Zacks Research cut Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Benchmark increased their price target on Lindblad Expeditions from $18.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Oppenheimer assumed coverage on Lindblad Expeditions in a research report on Monday, March 16th. They set an “outperform” rating and a $25.00 price target for the company. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Tuesday, April 21st.

Lindblad Expeditions Price Performance

LIND stock opened at $21.10 on Monday. The stock has a market capitalization of $1.38 billion, a P/E ratio of -39.07 and a beta of 2.21. The business has a 50-day moving average of $18.47 and a 200-day moving average of $16.07. Lindblad Expeditions has a fifty-two week low of $9.85 and a fifty-two week high of $22.34.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.08. The firm had revenue of $208.01 million for the quarter, compared to analyst estimates of $197.24 million. Equities analysts expect that Lindblad Expeditions will post 0.09 EPS for the current year.

Insider Activity at Lindblad Expeditions

In related news, Director John M. Fahey, Jr. sold 7,768 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $17.66, for a total transaction of $137,182.88. Following the completion of the transaction, the director directly owned 122,986 shares of the company’s stock, valued at approximately $2,171,932.76. This represents a 5.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jr. Thomas S. Smith sold 56,000 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $17.57, for a total value of $983,920.00. Following the transaction, the director directly owned 45,488 shares of the company’s stock, valued at $799,224.16. This trade represents a 55.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 34.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. SG Americas Securities LLC raised its stake in Lindblad Expeditions by 495.8% in the third quarter. SG Americas Securities LLC now owns 81,089 shares of the company’s stock valued at $1,038,000 after buying an additional 67,480 shares during the period. Black Diamond Financial LLC raised its stake in Lindblad Expeditions by 13.6% in the third quarter. Black Diamond Financial LLC now owns 1,068,362 shares of the company’s stock valued at $13,675,000 after buying an additional 127,950 shares during the period. Pier Capital LLC bought a new stake in Lindblad Expeditions in the third quarter valued at approximately $6,076,000. Anchor Capital Management Company LLC raised its stake in Lindblad Expeditions by 7.4% in the third quarter. Anchor Capital Management Company LLC now owns 1,911,106 shares of the company’s stock valued at $24,462,000 after buying an additional 131,203 shares during the period. Finally, Pinnacle Associates Ltd. raised its stake in Lindblad Expeditions by 4.5% in the third quarter. Pinnacle Associates Ltd. now owns 962,548 shares of the company’s stock valued at $12,321,000 after buying an additional 41,750 shares during the period. 75.94% of the stock is owned by institutional investors and hedge funds.

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.