Craig Hallum Trims Lindblad Expeditions (NASDAQ:LIND) Target Price to $12.00

Lindblad Expeditions (NASDAQ:LIND) had its target price lowered by Craig Hallum from $15.00 to $12.00 in a research note issued to investors on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts also recently weighed in on LIND. Deutsche Bank Aktiengesellschaft decreased their price target on Lindblad Expeditions from $11.00 to $10.00 and set a hold rating for the company in a research note on Tuesday, April 2nd. StockNews.com upgraded Lindblad Expeditions from a sell rating to a hold rating in a research note on Monday, April 29th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lindblad Expeditions currently has a consensus rating of Moderate Buy and a consensus price target of $12.50.

Lindblad Expeditions Price Performance

NASDAQ LIND opened at $7.34 on Wednesday. The stock’s 50-day moving average is $8.28 and its 200-day moving average is $8.49. Lindblad Expeditions has a one year low of $5.47 and a one year high of $12.13. The firm has a market cap of $391.90 million, a P/E ratio of -7.12 and a beta of 2.87.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings results on Wednesday, February 28th. The company reported ($0.53) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.23). The business had revenue of $125.36 million during the quarter, compared to analysts’ expectations of $127.70 million. Equities analysts anticipate that Lindblad Expeditions will post -0.46 EPS for the current year.

Insider Buying and Selling at Lindblad Expeditions

In related news, Director Alex P. Schultz acquired 33,016 shares of the company’s stock in a transaction on Friday, April 19th. The stock was purchased at an average cost of $7.47 per share, with a total value of $246,629.52. Following the acquisition, the director now directly owns 126,400 shares of the company’s stock, valued at $944,208. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 34.80% of the company’s stock.

Hedge Funds Weigh In On Lindblad Expeditions

Institutional investors have recently modified their holdings of the business. State Board of Administration of Florida Retirement System acquired a new position in shares of Lindblad Expeditions during the 3rd quarter worth $72,000. SG Americas Securities LLC acquired a new position in shares of Lindblad Expeditions during the 3rd quarter worth $108,000. PFG Investments LLC acquired a new position in shares of Lindblad Expeditions during the 1st quarter worth $152,000. Orion Portfolio Solutions LLC raised its holdings in shares of Lindblad Expeditions by 50.5% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 24,886 shares of the company’s stock worth $179,000 after buying an additional 8,347 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in Lindblad Expeditions during the 4th quarter worth $200,000. Institutional investors and hedge funds own 75.94% of the company’s stock.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segment. Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet's wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California's Sea of Cortez and Panama, and foster engagement activities.