Grant Lamontagne Purchases 6,910 Shares of Laird Superfood (NYSEAMERICAN:LSF) Stock

Laird Superfood, Inc. (NYSEAMERICAN:LSF) Director Grant Lamontagne bought 6,910 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average cost of $3.30 per share, for a total transaction of $22,803.00. Following the completion of the acquisition, the director owned 175,244 shares of the company’s stock, valued at $578,305.20. This trade represents a 4.10% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Laird Superfood Stock Up 0.3%

NYSEAMERICAN:LSF opened at $3.40 on Thursday. The business’s 50-day moving average price is $3.01 and its 200 day moving average price is $2.74. The firm has a market cap of $37.40 million, a P/E ratio of -18.89 and a beta of 2.72. Laird Superfood, Inc. has a 52-week low of $1.96 and a 52-week high of $7.80.

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on LSF shares. Zacks Research lowered Laird Superfood from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 26th. Maxim Group lowered their target price on Laird Superfood from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $6.00.

Hedge Funds Weigh In On Laird Superfood

A number of institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new position in Laird Superfood in the 4th quarter worth about $57,000. XTX Topco Ltd increased its stake in Laird Superfood by 71.5% in the 4th quarter. XTX Topco Ltd now owns 19,691 shares of the company’s stock worth $44,000 after purchasing an additional 8,209 shares in the last quarter. Mink Brook Asset Management LLC increased its stake in Laird Superfood by 159.8% in the 4th quarter. Mink Brook Asset Management LLC now owns 222,432 shares of the company’s stock worth $494,000 after purchasing an additional 136,826 shares in the last quarter. Jane Street Group LLC purchased a new position in Laird Superfood in the 4th quarter worth about $73,000. Finally, Goldman Sachs Group Inc. increased its stake in Laird Superfood by 24.0% in the 4th 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 in the last quarter. Hedge funds and other institutional investors 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.