Insider Buying: Laird Superfood (NYSEAMERICAN:LSF) Director Buys $56,278.20 in Stock

Laird Superfood, Inc. (NYSEAMERICAN:LSF) Director Grant Lamontagne bought 17,054 shares of Laird Superfood stock in a transaction that occurred on Wednesday, June 3rd. The shares were acquired at an average price of $3.30 per share, with a total value of $56,278.20. Following the completion of the transaction, the director owned 159,508 shares of the company’s stock, valued at $526,376.40. This represents a 11.97% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Laird Superfood Stock Up 6.5%

Laird Superfood stock opened at $3.62 on Friday. Laird Superfood, Inc. has a 52 week low of $1.96 and a 52 week high of $7.80. The business has a 50-day simple moving average of $3.04 and a 200 day simple moving average of $2.75. The stock has a market cap of $39.82 million, a price-to-earnings ratio of -20.11 and a beta of 2.72.

Laird Superfood (NYSEAMERICAN:LSF) last posted its earnings results on Thursday, May 14th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.13) by $0.24. Laird Superfood had a negative return on equity of 35.26% and a negative net margin of 3.41%.The business had revenue of $13.94 million during the quarter, compared to analysts’ expectations of $14.51 million. On average, research analysts anticipate that Laird Superfood, Inc. will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LSF. Zacks Research cut Laird Superfood from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 26th. Maxim Group reduced their target price on Laird Superfood from $8.00 to $6.00 and set a “buy” rating for the company in a research report 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $6.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LSF. Acadian Asset Management LLC raised its position in Laird Superfood by 75.3% during the 1st quarter. Acadian Asset Management LLC now owns 46,104 shares of the company’s stock valued at $282,000 after purchasing an additional 19,806 shares during the last quarter. Geode Capital Management LLC raised its position in Laird Superfood by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 85,300 shares of the company’s stock valued at $538,000 after purchasing an additional 2,483 shares during the last quarter. XTX Topco Ltd bought a new position in Laird Superfood during the 2nd quarter valued at approximately $102,000. Mink Brook Asset Management LLC bought a new position in Laird Superfood during the 3rd quarter valued at approximately $478,000. Finally, Susquehanna International Group LLP raised its position in Laird Superfood by 29.1% during the 3rd quarter. Susquehanna International Group LLP now owns 47,546 shares of the company’s stock valued at $265,000 after purchasing an additional 10,708 shares during the last quarter. Institutional investors own 8.56% of the company’s stock.

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.