Lindblad Expeditions (NASDAQ:LIND) Price Target Raised to $16.00

Lindblad Expeditions (NASDAQ:LIND) had its price objective hoisted by Craig Hallum from $12.00 to $16.00 in a report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on the company. B. Riley raised their target price on Lindblad Expeditions from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Stifel Nicolaus cut their price objective on shares of Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Lindblad Expeditions presently has an average rating of “Moderate Buy” and an average price target of $14.25.

Lindblad Expeditions Stock Up 4.9 %

LIND opened at $13.86 on Wednesday. The company’s 50-day moving average price is $9.90 and its 200 day moving average price is $8.91. Lindblad Expeditions has a fifty-two week low of $5.95 and a fifty-two week high of $14.34. The firm has a market cap of $755.43 million, a price-to-earnings ratio of -18.48 and a beta of 3.02.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.24). The company had revenue of $136.50 million during the quarter, compared to analyst estimates of $137.39 million. Research analysts anticipate that Lindblad Expeditions will post -0.56 earnings per share for the current year.

Insiders Place Their Bets

In other Lindblad Expeditions news, CEO Sven-Olof Lindblad purchased 32,117 shares of the stock in a transaction dated Wednesday, August 21st. The shares were bought at an average cost of $7.95 per share, with a total value of $255,330.15. Following the completion of the acquisition, the chief executive officer now owns 11,825,063 shares of the company’s stock, valued at approximately $94,009,250.85. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Sven-Olof Lindblad acquired 32,117 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was acquired at an average cost of $7.95 per share, for a total transaction of $255,330.15. Following the completion of the acquisition, the chief executive officer now directly owns 11,825,063 shares of the company’s stock, valued at approximately $94,009,250.85. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Noah Brodsky sold 14,344 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $10.50, for a total transaction of $150,612.00. Following the transaction, the insider now owns 58,518 shares in the company, valued at $614,439. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 34.30% of the stock is currently owned by insiders.

Institutional Trading of Lindblad Expeditions

Several institutional investors have recently modified their holdings of the company. Assetmark Inc. raised its position in Lindblad Expeditions by 49.6% in the third quarter. Assetmark Inc. now owns 5,191 shares of the company’s stock worth $48,000 after acquiring an additional 1,722 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new stake in shares of Lindblad Expeditions in the 1st quarter worth approximately $95,000. Arizona State Retirement System bought a new stake in shares of Lindblad Expeditions in the 2nd quarter worth approximately $101,000. SG Americas Securities LLC acquired a new stake in Lindblad Expeditions during the third quarter valued at approximately $139,000. Finally, EntryPoint Capital LLC bought a new stake in Lindblad Expeditions during the first quarter worth approximately $176,000. 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.