Lindblad Expeditions (NASDAQ:LIND) Shares Gap Up – Time to Buy?

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $12.60, but opened at $12.98. Lindblad Expeditions shares last traded at $13.03, with a volume of 12,072 shares changing hands.

Analyst Ratings Changes

LIND has been the subject of a number of recent analyst reports. Stifel Nicolaus dropped 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 report on Friday, August 9th. StockNews.com raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Craig Hallum boosted their target price on Lindblad Expeditions from $12.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, B. Riley raised their price target on Lindblad Expeditions from $15.00 to $16.00 and gave the company a “buy” rating in a report on Friday, August 23rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $14.25.

Lindblad Expeditions Stock Up 3.9 %

The stock’s 50-day moving average price is $10.82 and its 200-day moving average price is $9.45. The company has a market capitalization of $713.41 million, a price-to-earnings ratio of -16.80 and a beta of 3.02.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Lindblad Expeditions by 1.6% during the first quarter. Vanguard Group Inc. now owns 1,999,062 shares of the company’s stock valued at $18,651,000 after acquiring an additional 31,921 shares during the period. Principal Financial Group Inc. raised its holdings in Lindblad Expeditions by 1.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,688,549 shares of the company’s stock worth $15,619,000 after purchasing an additional 26,647 shares during the last quarter. Anchor Capital Management Company LLC lifted its position in Lindblad Expeditions by 51.3% during the 2nd quarter. Anchor Capital Management Company LLC now owns 1,325,168 shares of the company’s stock valued at $12,788,000 after purchasing an additional 449,098 shares during the period. Geode Capital Management LLC grew its position in shares of Lindblad Expeditions by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 852,669 shares of the company’s stock worth $7,889,000 after buying an additional 11,029 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Lindblad Expeditions by 0.4% during the third quarter. Franklin Resources Inc. now owns 818,963 shares of the company’s stock worth $7,903,000 after buying an additional 3,016 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors.

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.