Laird Superfood (NYSEAMERICAN:LSF) Releases Earnings Results

Laird Superfood (NYSEAMERICAN:LSF) released its quarterly earnings data on Thursday. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.24, FiscalAI reports. Laird Superfood had a negative net margin of 6.52% and a negative return on equity of 20.33%. The firm had revenue of $13.94 million for the quarter, compared to analysts’ expectations of $14.51 million.

Laird Superfood Stock Performance

Shares of NYSEAMERICAN LSF traded up $0.16 during midday trading on Thursday, hitting $3.16. 144,085 shares of the company traded hands, compared to its average volume of 69,807. Laird Superfood has a 12-month low of $1.96 and a 12-month high of $7.80. The stock has a 50-day moving average price of $2.63 and a 200 day moving average price of $2.81. The firm has a market cap of $34.54 million, a P/E ratio of -10.19 and a beta of 2.73.

Hedge Funds Weigh In On Laird Superfood

Hedge funds and other institutional investors have recently modified their holdings of the stock. XTX Topco Ltd purchased a new stake in Laird Superfood in the second quarter worth about $102,000. Virtu Financial LLC purchased a new stake in Laird Superfood in the fourth quarter worth about $57,000. Goldman Sachs Group Inc. grew 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 worth $71,000 after purchasing an additional 6,178 shares during the period. Jane Street Group LLC purchased a new stake in Laird Superfood in the fourth quarter worth about $73,000. Finally, Acadian Asset Management LLC grew its holdings in Laird Superfood by 75.3% in the first quarter. Acadian Asset Management LLC now owns 46,104 shares of the company’s stock worth $282,000 after purchasing an additional 19,806 shares during the period. Hedge funds and other institutional investors own 8.56% of the company’s stock.

Analyst Ratings Changes

Separately, Maxim Group decreased their price objective on shares of Laird Superfood from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Monday, March 30th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy” and an average target price of $6.00.

About Laird Superfood

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.