Lindblad Expeditions (NASDAQ:LIND) Price Target Cut to $12.00 by Analysts at Craig Hallum

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) had its price objective lowered by research analysts at Craig Hallum from $15.00 to $12.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a "buy" rating on the stock. Craig Hallum's price objective would suggest a potential upside of 62.16% from the stock's current price.

Other analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Lindblad Expeditions from $11.00 to $10.00 and set a "hold" rating on the stock in a research report on Tuesday, April 2nd. StockNews.com upgraded shares of Lindblad Expeditions from a "sell" rating to a "hold" rating in a report on Monday. Two equities research 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, Lindblad Expeditions has a consensus rating of "Moderate Buy" and an average target price of $12.50.

Lindblad Expeditions Stock Up 0.8 %

Shares of LIND stock traded up $0.06 during trading hours on Wednesday, hitting $7.40. 386,452 shares of the company's stock traded hands, compared to its average volume of 292,153. The stock's fifty day simple moving average is $8.37 and its two-hundred day simple moving average is $8.50. Lindblad Expeditions has a 12-month low of $5.47 and a 12-month high of $12.13. The stock has a market cap of $395.38 million, a price-to-earnings ratio of -7.96 and a beta of 2.84.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last posted 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 company had revenue of $125.36 million during the quarter, compared to the consensus estimate of $127.70 million. On average, equities analysts forecast that Lindblad Expeditions will post -0.46 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Alex P. Schultz acquired 33,016 shares of the firm's stock in a transaction dated Friday, April 19th. The stock was purchased at an average cost of $7.47 per share, with a total value of $246,629.52. Following the completion of the acquisition, the director now directly owns 126,400 shares of the company's stock, valued at $944,208. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 34.80% of the company's stock.

Institutional Trading of Lindblad Expeditions

Several large investors have recently modified their holdings of LIND. State Board of Administration of Florida Retirement System purchased a new position in Lindblad Expeditions in the third quarter worth about $72,000. SG Americas Securities LLC purchased a new position in shares of Lindblad Expeditions in the third quarter worth approximately $108,000. PFG Investments LLC bought a new stake in Lindblad Expeditions during the first quarter valued at approximately $152,000. Orion Portfolio Solutions LLC increased its holdings in Lindblad Expeditions by 50.5% during the third quarter. Orion Portfolio Solutions LLC now owns 24,886 shares of the company's stock valued at $179,000 after buying an additional 8,347 shares during the last quarter. Finally, Quest Partners LLC bought a new position in Lindblad Expeditions in the fourth quarter worth approximately $200,000. 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.