Lindblad Expeditions (NASDAQ:LIND) Price Target Raised to $32.00

Lindblad Expeditions (NASDAQ:LIND) had its price objective hoisted by stock analysts at Stifel Nicolaus from $27.00 to $32.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 21.96% from the company’s current price.

Several other research analysts also recently commented on LIND. Wall Street Zen raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Capital One Financial set a $31.00 price objective on shares of Lindblad Expeditions in a research note on Monday, June 29th. Benchmark increased their target price on shares of Lindblad Expeditions from $25.00 to $34.00 and gave the company a “buy” rating in a report on Monday, June 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Tuesday, April 21st. Finally, Oppenheimer initiated coverage on shares of Lindblad Expeditions in a research note on Monday, March 16th. They issued an “outperform” rating and a $25.00 price target for the company. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Lindblad Expeditions presently has a consensus rating of “Hold” and an average price target of $30.50.

Lindblad Expeditions Stock Up 0.4%

Shares of LIND stock opened at $26.24 on Friday. The business has a 50-day moving average price of $22.91 and a two-hundred day moving average price of $19.50. Lindblad Expeditions has a 12-month low of $11.37 and a 12-month high of $30.00. The firm has a market cap of $1.72 billion, a P/E ratio of -48.78 and a beta of 2.22.

Lindblad Expeditions (NASDAQ:LIND) last released its earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.08. The firm had revenue of $208.01 million during the quarter, compared to the consensus estimate of $197.24 million. As a group, research analysts expect that Lindblad Expeditions will post 0.18 EPS for the current fiscal year.

Insider Buying and Selling

In other Lindblad Expeditions news, insider Trey Byus sold 26,460 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $20.23, for a total value of $535,285.80. Following the sale, the insider directly owned 111,530 shares of the company’s stock, valued at approximately $2,256,251.90. The trade was a 19.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John M. Fahey, Jr. sold 3,500 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $20.04, for a total transaction of $70,140.00. Following the sale, the director owned 119,486 shares of the company’s stock, valued at approximately $2,394,499.44. This represents a 2.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 88,602 shares of company stock worth $1,966,009 in the last three months. 26.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lindblad Expeditions

Hedge funds have recently added to or reduced their stakes in the stock. Pier Capital LLC bought a new stake in Lindblad Expeditions during the third quarter valued at approximately $6,076,000. Millennium Management LLC increased its holdings in Lindblad Expeditions by 115.1% in the 3rd quarter. Millennium Management LLC now owns 834,162 shares of the company’s stock worth $10,677,000 after acquiring an additional 446,294 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Lindblad Expeditions by 44.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company’s stock worth $22,021,000 after acquiring an additional 393,359 shares during the period. UBS Group AG raised its stake in Lindblad Expeditions by 57.9% during the 4th quarter. UBS Group AG now owns 833,372 shares of the company’s stock worth $12,017,000 after acquiring an additional 305,704 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Lindblad Expeditions by 59.0% during the first quarter. Dimensional Fund Advisors LP now owns 786,119 shares of the company’s stock valued at $13,598,000 after purchasing an additional 291,776 shares in the last quarter. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Lindblad Expeditions Company Profile

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.