Craig Hallum Forecasts Strong Price Appreciation for Lindblad Expeditions (NASDAQ:LIND) Stock

Lindblad Expeditions (NASDAQ:LIND) had its price objective lifted by Craig Hallum from $12.00 to $16.00 in a research note released on Wednesday morning, Benzinga reports. Craig Hallum currently has a buy rating on the stock.

Several other equities research analysts also recently weighed in on the stock. Stifel Nicolaus decreased their target price on shares of Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating for the company 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 company a “buy” rating in a report on Friday, August 23rd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.25.

Lindblad Expeditions Stock Performance

Shares of LIND traded down $0.16 during mid-day trading on Wednesday, hitting $12.98. 50,645 shares of the company’s stock were exchanged, compared to its average volume of 289,554. Lindblad Expeditions has a fifty-two week low of $5.95 and a fifty-two week high of $13.32. The stock’s 50-day moving average is $9.76 and its 200-day moving average is $8.82. The company has a market cap of $705.07 million, a price-to-earnings ratio of -12.76 and a beta of 3.02.

Lindblad Expeditions (NASDAQ:LIND) last released its earnings results on Thursday, August 8th. The company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.24). The company had revenue of $136.50 million for the quarter, compared to analysts’ expectations of $137.39 million. As a group, equities research analysts anticipate that Lindblad Expeditions will post -0.65 EPS for the current year.

Insider Activity at Lindblad Expeditions

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

Institutional Investors Weigh In On Lindblad Expeditions

Institutional investors have recently modified their holdings of the company. Assetmark Inc. increased its stake in Lindblad Expeditions by 49.6% in the 3rd quarter. Assetmark Inc. now owns 5,191 shares of the company’s stock valued at $48,000 after purchasing an additional 1,722 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Lindblad Expeditions by 3.3% in the 2nd quarter. Victory Capital Management Inc. now owns 96,400 shares of the company’s stock worth $930,000 after buying an additional 3,100 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Lindblad Expeditions by 5.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 115,944 shares of the company’s stock valued at $1,119,000 after acquiring an additional 5,569 shares during the last quarter. Pinnacle Associates Ltd. increased its stake 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 worth $5,569,000 after purchasing an additional 6,267 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD acquired a new position in shares of Lindblad Expeditions in the first quarter worth $95,000. Hedge funds and other institutional investors 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.