Stifel Nicolaus Cuts Lindblad Expeditions (NASDAQ:LIND) Price Target to $15.00

Lindblad Expeditions (NASDAQ:LIND) had its price objective decreased by research analysts at Stifel Nicolaus from $16.00 to $15.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 98.15% from the stock’s previous close.

A number of other research analysts have also recently commented on LIND. Craig Hallum cut their target price on Lindblad Expeditions from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. StockNews.com raised Lindblad Expeditions from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Finally, B. Riley upped their target price on Lindblad Expeditions from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $13.00.

Lindblad Expeditions Stock Up 0.8 %

NASDAQ LIND traded up $0.06 during trading hours on Friday, hitting $7.57. 279,364 shares of the company were exchanged, compared to its average volume of 288,836. The stock has a 50-day moving average price of $8.69 and a 200 day moving average price of $8.49. Lindblad Expeditions has a 52 week low of $5.47 and a 52 week high of $11.53. The stock has a market cap of $405.24 million, a PE ratio of -7.35 and a beta of 3.01.

Lindblad Expeditions (NASDAQ:LIND) last released its earnings results on Thursday, August 8th. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.24). The firm had revenue of $136.50 million during the quarter, compared to analysts’ expectations of $137.39 million. As a group, sell-side analysts anticipate that Lindblad Expeditions will post -0.44 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Alex P. Schultz acquired 15,953 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were bought at an average price of $7.48 per share, with a total value of $119,328.44. Following the completion of the purchase, the director now directly owns 176,198 shares in the company, valued at $1,317,961.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Alex P. Schultz bought 15,953 shares of the stock in a transaction on Thursday, June 20th. The stock was bought at an average price of $7.48 per share, for a total transaction of $119,328.44. Following the completion of the acquisition, the director now directly owns 176,198 shares in the company, valued at $1,317,961.04. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alex P. Schultz bought 25,294 shares of the stock in a transaction on Monday, May 20th. The shares were bought at an average price of $7.69 per share, with a total value of $194,510.86. Following the acquisition, the director now owns 151,694 shares of the company’s stock, valued at $1,166,526.86. The disclosure for this purchase can be found here. Insiders have bought a total of 81,333 shares of company stock valued at $608,381 over the last quarter. 34.30% of the stock is owned by corporate insiders.

Institutional Trading of Lindblad Expeditions

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD purchased a new position in Lindblad Expeditions in the 1st quarter worth $95,000. Arizona State Retirement System purchased a new position in Lindblad Expeditions in the 2nd quarter valued at about $101,000. PFG Investments LLC purchased a new position in Lindblad Expeditions in the 1st quarter valued at about $152,000. EntryPoint Capital LLC purchased a new position in Lindblad Expeditions in the 1st quarter worth approximately $176,000. Finally, Quest Partners LLC purchased a new stake in shares of Lindblad Expeditions during the 4th quarter valued at approximately $200,000. Hedge funds and other institutional investors 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.