Maxim Group Issues Pessimistic Forecast for Laird Superfood (NYSEAMERICAN:LSF) Stock Price

Laird Superfood (NYSEAMERICAN:LSF) had its target price dropped by analysts at Maxim Group from $8.00 to $6.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Maxim Group’s price target indicates a potential upside of 181.69% from the stock’s current price.

Laird Superfood Stock Performance

Shares of NYSEAMERICAN:LSF traded up $0.08 during mid-day trading on Monday, reaching $2.13. 36,529 shares of the company’s stock were exchanged, compared to its average volume of 81,922. Laird Superfood has a twelve month low of $1.96 and a twelve month high of $7.94. The firm has a market capitalization of $22.77 million, a price-to-earnings ratio of -6.87 and a beta of 2.42. The business’s fifty day moving average price is $2.75 and its 200-day moving average price is $3.42.

Laird Superfood (NYSEAMERICAN:LSF) last posted its quarterly earnings data on Thursday, March 26th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.11). Laird Superfood had a negative net margin of 6.52% and a negative return on equity of 19.67%. The company had revenue of $13.35 million during the quarter, compared to analyst estimates of $13.14 million. Analysts predict that Laird Superfood will post -0.16 EPS for the current fiscal year.

Institutional Trading of Laird Superfood

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Crewe Advisors LLC acquired a new position in shares of Laird Superfood in the 4th quarter worth approximately $36,000. XTX Topco Ltd acquired a new stake in shares of Laird Superfood during the second quarter worth $102,000. Steadtrust LLC bought a new position in Laird Superfood during the fourth quarter worth $44,000. Virtu Financial LLC acquired a new position in Laird Superfood in the fourth quarter valued at $57,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Laird Superfood by 24.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 31,943 shares of the company’s stock valued at $71,000 after buying an additional 6,178 shares during the period. Institutional investors and hedge funds own 8.56% of the company’s stock.

Laird Superfood Company Profile

Laird Superfood, Inc (NYSE American: LSF) is a consumer wellness company specializing in plant-based superfood and functional beverage products. Founded in 2015 by big-wave surfer and entrepreneur Laird Hamilton, the company develops creamers, coffees, hydration mixes and culinary superfood blends designed to deliver energy, focus and nutritional support. Laird Superfood’s offerings leverage premium ingredients such as coconut milk, aquamin sea minerals, functional mushrooms and adaptogens to address growing consumer demand for clean-label, nutrient-rich alternatives.

The company’s core product lines include coconut-based coffee creamers, plant-based creamers, instant coffee blends combined with superfood ingredients, hydration mixes and culinary seasonings.