Lindblad Expeditions (NASDAQ:LIND) Given a $18.00 Price Target by Stifel Nicolaus Analysts

Key Points

• Stifel Nicolaus has raised its target price for Lindblad Expeditions (NASDAQ:LIND) stock from $17.00 to $18.00, indicating a potential upside of 45.75% from the company's previous close.
• The company reported a quarterly earnings per share of ($0.18), surpassing the consensus estimate of ($0.29), along with a revenue of $167.95 million, exceeding expectations as well.
• CEO Benjamin Bressler sold 47,325 shares of Lindblad Expeditions at an average price of $13.02, reducing his ownership stake by 3.49%.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) has been given a $18.00 price target by analysts at Stifel Nicolaus in a research note issued on Tuesday, Marketbeat Ratings reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' target price indicates a potential upside of 32.06% from the stock's current price.

Several other research analysts have also commented on the company. Wall Street Zen lowered Lindblad Expeditions from a "buy" rating to a "hold" rating in a research report on Saturday. Craig Hallum set a $16.00 target price on shares of Lindblad Expeditions and gave the company a "buy" rating in a research note on Friday, May 23rd.

Lindblad Expeditions Trading Up 10.4%

Shares of LIND stock opened at $13.63 on Tuesday. Lindblad Expeditions has a twelve month low of $6.86 and a twelve month high of $14.34. The stock has a market capitalization of $745.70 million, a price-to-earnings ratio of -45.43 and a beta of 2.71. The stock has a fifty day simple moving average of $11.81 and a two-hundred day simple moving average of $10.88.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.11. The firm had revenue of $167.95 million during the quarter, compared to analysts' expectations of $158.97 million. Research analysts predict that Lindblad Expeditions will post -0.43 EPS for the current fiscal year.

Insider Buying and Selling

In other Lindblad Expeditions news, CEO Benjamin Bressler sold 7,567 shares of Lindblad Expeditions stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $13.05, for a total transaction of $98,749.35. Following the completion of the sale, the chief executive officer owned 23,466 shares of the company's stock, valued at approximately $306,231.30. The trade was a 24.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 34.00% of the company's stock.

Institutional Trading of Lindblad Expeditions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LIND. Ariel Investments LLC raised its stake in shares of Lindblad Expeditions by 6.0% during the 1st quarter. Ariel Investments LLC now owns 7,777,768 shares of the company's stock valued at $72,100,000 after buying an additional 441,046 shares during the last quarter. Vanguard Group Inc. lifted its stake in Lindblad Expeditions by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 2,270,726 shares of the company's stock valued at $21,050,000 after buying an additional 55,003 shares in the last quarter. Anchor Capital Management Company LLC lifted its stake in Lindblad Expeditions by 7.6% in the 1st quarter. Anchor Capital Management Company LLC now owns 1,644,903 shares of the company's stock valued at $15,248,000 after buying an additional 115,814 shares in the last quarter. Penn Capital Management Company LLC raised its holdings in Lindblad Expeditions by 110.0% in the 1st quarter. Penn Capital Management Company LLC now owns 944,505 shares of the company's stock valued at $8,766,000 after acquiring an additional 494,709 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC raised its holdings in Lindblad Expeditions by 29.6% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 739,108 shares of the company's stock valued at $8,766,000 after acquiring an additional 168,958 shares during the last quarter. 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.