Laird Superfood (NYSEAMERICAN:LSF) Downgraded by Zacks Research to Strong Sell

Laird Superfood (NYSEAMERICAN:LSF) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday,Zacks.com reports.

Separately, Maxim Group reduced 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 note on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $6.00.

Laird Superfood Stock Performance

Shares of NYSEAMERICAN LSF opened at $3.46 on Tuesday. The firm has a 50 day moving average price of $2.80 and a two-hundred day moving average price of $2.71. Laird Superfood has a 52-week low of $1.96 and a 52-week high of $7.80. The stock has a market cap of $38.06 million, a P/E ratio of -19.22 and a beta of 2.73.

Laird Superfood (NYSEAMERICAN:LSF) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.24. Laird Superfood had a negative net margin of 3.41% and a negative return on equity of 35.26%. The company had revenue of $13.94 million for the quarter, compared to analyst estimates of $14.51 million. Analysts predict that Laird Superfood will post -0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC bought a new position in Laird Superfood during the fourth quarter worth $57,000. XTX Topco Ltd boosted its stake in Laird Superfood by 71.5% during the fourth quarter. XTX Topco Ltd now owns 19,691 shares of the company’s stock worth $44,000 after acquiring an additional 8,209 shares in the last quarter. Mink Brook Asset Management LLC boosted its stake in Laird Superfood by 159.8% during the fourth quarter. Mink Brook Asset Management LLC now owns 222,432 shares of the company’s stock worth $494,000 after acquiring an additional 136,826 shares in the last quarter. Jane Street Group LLC bought a new position in Laird Superfood during the fourth quarter worth $73,000. Finally, Goldman Sachs Group Inc. boosted its stake in Laird Superfood by 24.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 31,943 shares of the company’s stock worth $71,000 after acquiring an additional 6,178 shares in the last quarter. 8.56% of the stock is owned by institutional investors.

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.