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, Benzinga reports. Craig Hallum currently has a buy rating on the stock.

A number of other analysts also recently issued reports on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Lindblad Expeditions from $11.00 to $10.00 and set a hold rating on the stock in a research note on Tuesday, April 2nd. StockNews.com raised shares of Lindblad Expeditions from a sell rating to a hold rating in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $12.50.

Lindblad Expeditions Stock Performance

Shares of NASDAQ:LIND opened at $7.40 on Wednesday. The firm has a fifty day moving average price of $8.34 and a 200 day moving average price of $8.49. Lindblad Expeditions has a fifty-two week low of $5.47 and a fifty-two week high of $12.13.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings data 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 firm had revenue of $125.36 million during the quarter, compared to analysts’ expectations of $127.70 million. Research analysts expect that Lindblad Expeditions will post -0.46 earnings per share for the current fiscal year.

Insider Activity at Lindblad Expeditions

In other news, Director Alex P. Schultz acquired 33,016 shares of the company’s stock in a transaction on Friday, April 19th. The stock was bought at an average cost of $7.47 per share, with a total value of $246,629.52. Following the completion of the purchase, the director now directly owns 126,400 shares of the company’s stock, valued at $944,208. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 34.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Lindblad Expeditions

Large investors have recently made changes to their positions in the company. State Board of Administration of Florida Retirement System purchased a new position in shares of Lindblad Expeditions during the third quarter valued at approximately $72,000. SG Americas Securities LLC bought a new stake in shares of Lindblad Expeditions during the 3rd quarter worth approximately $108,000. PFG Investments LLC purchased a new position in Lindblad Expeditions during the 1st quarter valued at $152,000. Orion Portfolio Solutions LLC grew its position in Lindblad Expeditions by 50.5% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 24,886 shares of the company’s stock valued at $179,000 after acquiring an additional 8,347 shares during the last quarter. Finally, Quest Partners LLC bought a new position in Lindblad Expeditions in the 4th quarter valued at $200,000. 75.94% of the stock is owned by hedge funds and other institutional investors.

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.