Lindblad Expeditions (NASDAQ:LIND) Stock Has Consensus Target Price of $31.50

Lindblad Expeditions (NASDAQ:LIND) has been assigned an average rating of “Moderate Buy” from the nine analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $31.50.

A number of research analysts recently weighed in on LIND shares. Capital One Financial set a $31.00 price objective on Lindblad Expeditions in a research note on Monday, June 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Thursday, October 15th. Texas Capital cut shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Zacks Research raised Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 2nd. Finally, Wall Street Zen raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Sunday, September 20th.

Insider Activity at Lindblad Expeditions

In other Lindblad Expeditions news, Director Sven-Olof Lindblad sold 97,470 shares of the company’s stock in a transaction on Wednesday, October 21st. The shares were sold at an average price of $36.23, for a total value of $3,531,338.10. Following the transaction, the director directly owned 10,351,502 shares in the company, valued at $375,034,917.46. The trade was a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 403,674 shares of company stock valued at $14,251,844 in the last 90 days. 26.10% of the stock is owned by insiders.

Institutional Trading of Lindblad Expeditions

Several hedge funds and other institutional investors have recently bought and sold shares of LIND. Integrated Wealth Concepts LLC bought a new stake in shares of Lindblad Expeditions during the 2nd quarter valued at $25,000. GAMMA Investing LLC grew its position in shares of Lindblad Expeditions by 35.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,249 shares of the company’s stock valued at $39,000 after buying an additional 326 shares during the last quarter. Allworth Financial LP acquired a new position in Lindblad Expeditions in the second quarter valued at $38,000. Sterling Capital Management LLC boosted its holdings in shares of Lindblad Expeditions by 846.0% during the 3rd quarter. Sterling Capital Management LLC now owns 1,665 shares of the company’s stock worth $52,000 after buying an additional 1,489 shares in the last quarter. Finally, Silvant Capital Management LLC bought a new stake in Lindblad Expeditions in the 2nd quarter valued at about $58,000. Institutional investors and hedge funds own 75.94% of the company’s stock.

Lindblad Expeditions Stock Performance

Shares of NASDAQ:LIND opened at $34.24 on Monday. The company has a 50 day moving average price of $30.76 and a 200 day moving average price of $26.55. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of -90.11 and a beta of 2.24. Lindblad Expeditions has a 1-year low of $11.37 and a 1-year high of $36.97.

Lindblad Expeditions (NASDAQ:LIND) last posted 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. Lindblad Expeditions had a negative return on equity of 0.56% and a negative net margin of 2.08%. The firm had revenue of $199.25 million for the quarter, compared to the consensus estimate of $185.86 million. On average, sell-side analysts expect that Lindblad Expeditions will post 0.22 EPS for the current fiscal year.

Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc (NASDAQ:LIND) operates expedition cruises and adventure travel experiences focused on nature, culture and education. Through its Lindblad Expeditions brand, the company provides small-ship voyages designed to take travelers to remote destinations while emphasizing exploration, conservation and expert-led interpretation.

The company’s offerings include ocean and river expeditions, wildlife-focused voyages, cultural journeys and land-based adventures. Trips commonly feature naturalists, historians, photographers and other specialists, along with activities such as shore excursions, hiking, kayaking, snorkeling and wildlife observation.