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

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%.

Stifel Nicolaus set a $18.00 price objective on Lindblad Expeditions (NASDAQ:LIND - Free Report) in a research report report published on Tuesday morning, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also issued reports on LIND. Craig Hallum set a $16.00 target price on shares of Lindblad Expeditions and gave the stock a "buy" rating in a report on Friday, May 23rd. Wall Street Zen cut Lindblad Expeditions from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd.

Lindblad Expeditions Trading Up 0.2%

Shares of Lindblad Expeditions stock traded up $0.03 during trading on Tuesday, hitting $12.36. 381,704 shares of the stock traded hands, compared to its average volume of 335,496. The firm has a market cap of $677.20 million, a P/E ratio of -41.20 and a beta of 2.71. Lindblad Expeditions has a 52-week low of $6.99 and a 52-week high of $14.34. The stock's fifty day simple moving average is $11.93 and its 200 day simple moving average is $10.90.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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. As a group, equities analysts expect that Lindblad Expeditions will post -0.43 EPS for the current year.

Insider Transactions at Lindblad Expeditions

In other news, CEO Benjamin Bressler sold 167,494 shares of Lindblad Expeditions stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $13.05, for a total value of $2,185,796.70. Following the completion of the sale, the chief executive officer owned 23,466 shares of the company's stock, valued at $306,231.30. The trade was a 87.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 222,386 shares of company stock valued at $2,900,718. 34.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its position in Lindblad Expeditions by 29.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,762 shares of the company's stock worth $176,000 after purchasing an additional 3,381 shares during the period. JPMorgan Chase & Co. increased its stake in Lindblad Expeditions by 59.4% during the 4th quarter. JPMorgan Chase & Co. now owns 514,214 shares of the company's stock worth $6,099,000 after buying an additional 191,546 shares during the period. Two Sigma Advisers LP increased its stake in Lindblad Expeditions by 36.9% during the 4th quarter. Two Sigma Advisers LP now owns 240,600 shares of the company's stock worth $2,854,000 after buying an additional 64,800 shares during the period. Squarepoint Ops LLC purchased a new stake in Lindblad Expeditions during the 4th quarter worth $304,000. Finally, Man Group plc purchased a new stake in Lindblad Expeditions during the 4th quarter worth $374,000. 75.94% of the stock is owned by hedge funds and other institutional investors.

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.