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

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) had its price objective boosted by stock analysts at Craig Hallum from $12.00 to $16.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Craig Hallum's price target suggests a potential upside of 21.77% from the stock's current price.

Several other research firms have also weighed in on LIND. Stifel Nicolaus lowered their price objective on Lindblad Expeditions from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. B. Riley boosted their target price on Lindblad Expeditions from $15.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $14.25.

Lindblad Expeditions Trading Up 12.2 %

LIND traded up $1.43 on Wednesday, hitting $13.14. 904,118 shares of the stock traded hands, compared to its average volume of 290,666. Lindblad Expeditions has a 52 week low of $5.95 and a 52 week high of $13.32. The firm has a market capitalization of $713.75 million, a PE ratio of -11.37 and a beta of 3.02. The business has a fifty day moving average price of $9.71 and a two-hundred day moving average price of $8.79.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.24). The firm had revenue of $136.50 million during the quarter, compared to the consensus estimate of $137.39 million. On average, equities research analysts forecast that Lindblad Expeditions will post -0.65 EPS for the current fiscal year.

Insider Transactions at Lindblad Expeditions

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LIND. Assetmark Inc. raised its position in shares of Lindblad Expeditions by 49.6% during the 3rd quarter. Assetmark Inc. now owns 5,191 shares of the company's stock valued at $48,000 after acquiring an additional 1,722 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Lindblad Expeditions by 1.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,688,549 shares of the company's stock valued at $15,619,000 after acquiring an additional 26,647 shares during the last quarter. Pinnacle Associates Ltd. raised its position in shares of Lindblad Expeditions by 1.1% during the 3rd quarter. Pinnacle Associates Ltd. now owns 602,015 shares of the company's stock valued at $5,569,000 after acquiring an additional 6,267 shares during the last quarter. Semanteon Capital Management LP bought a new stake in shares of Lindblad Expeditions during the 3rd quarter valued at $222,000. Finally, SG Americas Securities LLC bought a new stake in shares of Lindblad Expeditions during the 3rd quarter valued at $139,000. Institutional investors and hedge funds own 75.94% of the company's stock.

Lindblad Expeditions Company Profile

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.