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

Lindblad Expeditions (NASDAQ:LIND) has earned a consensus rating of “Hold” from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $31.00.

Several brokerages have recently commented on LIND. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Friday, July 17th. Texas Capital cut Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Lindblad Expeditions in a report on Thursday, September 17th. Jefferies Financial Group initiated coverage on shares of Lindblad Expeditions in a report on Wednesday, September 9th. They set a “hold” rating and a $29.00 target price on the stock. Finally, Wall Street Zen upgraded shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Sunday, September 20th.

Hedge Funds Weigh In On Lindblad Expeditions

A number of hedge funds and other institutional investors have recently bought and sold shares of LIND. Tidal Investments LLC acquired a new stake in Lindblad Expeditions during the 2nd quarter valued at $268,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Lindblad Expeditions during the 2nd quarter worth about $25,000. Allworth Financial LP raised its stake in shares of Lindblad Expeditions by 168.8% during the 2nd quarter. Allworth Financial LP now owns 1,363 shares of the company’s stock worth $38,000 after purchasing an additional 856 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Lindblad Expeditions by 26.8% during the 2nd quarter. Arizona State Retirement System now owns 13,504 shares of the company’s stock valued at $381,000 after buying an additional 2,852 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Lindblad Expeditions during the 2nd quarter valued at about $1,268,000. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Lindblad Expeditions Stock Up 0.5%

Shares of NASDAQ:LIND opened at $31.43 on Thursday. Lindblad Expeditions has a 52-week low of $11.37 and a 52-week high of $35.00. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of -82.71 and a beta of 2.22. The company has a 50 day moving average of $29.53 and a two-hundred day moving average of $24.41.

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

Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc is an expedition travel company that provides small-ship ocean and river voyages, land-based expeditions, and related travel experiences. Its trips focus on exploration, nature, wildlife, culture, and education, with itineraries designed for destinations that are generally less accessible to conventional cruise operators.

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