Laird Superfood (NYSEAMERICAN:LSF) Rating Increased to Hold at Zacks Research

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

Separately, Maxim Group dropped their price objective on shares of Laird Superfood from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Monday, March 30th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Laird Superfood presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.00.

Laird Superfood Price Performance

Shares of LSF stock opened at $4.59 on Tuesday. The company has a market cap of $50.49 million, a PE ratio of -25.50 and a beta of 2.66. Laird Superfood has a 1 year low of $1.96 and a 1 year high of $7.80. The stock’s 50 day simple moving average is $3.94 and its two-hundred day simple moving average is $3.13.

Laird Superfood (NYSEAMERICAN:LSF) last released its earnings results on Thursday, May 14th. The company reported $0.11 earnings per share for the quarter, beating 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 firm had revenue of $13.94 million for the quarter, compared to the consensus estimate of $14.51 million. Equities research analysts expect that Laird Superfood will post -0.11 EPS for the current year.

Insider Buying and Selling at Laird Superfood

In related news, Director Grant J. Lamontagne bought 27,160 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was purchased at an average cost of $3.30 per share, with a total value of $89,628.00. Following the completion of the purchase, the director owned 142,454 shares of the company’s stock, valued at $470,098.20. This trade represents a 23.56% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gregory B. Graves purchased 15,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was bought at an average price of $3.45 per share, for a total transaction of $51,750.00. Following the completion of the acquisition, the director owned 75,089 shares of the company’s stock, valued at approximately $259,057.05. The trade was a 24.96% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 105,736 shares of company stock worth $350,104 in the last ninety days. 77.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Laird Superfood

Large investors have recently added to or reduced their stakes in the stock. Mink Brook Asset Management LLC increased its position in shares of 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 during the period. Jane Street Group LLC purchased a new stake in shares of Laird Superfood in the fourth quarter valued at approximately $73,000. HighTower Advisors LLC grew its stake in Laird Superfood by 7.1% in the fourth quarter. HighTower Advisors LLC now owns 75,476 shares of the company’s stock worth $168,000 after purchasing an additional 5,000 shares in the last quarter. Susquehanna International Group LLP increased its holdings in Laird Superfood by 29.1% during the 3rd quarter. Susquehanna International Group LLP now owns 47,546 shares of the company’s stock worth $265,000 after purchasing an additional 10,708 shares during the period. Finally, XTX Topco Ltd purchased a new position in Laird Superfood during the 2nd quarter worth $102,000. 8.56% of the stock is owned by hedge funds and other institutional investors.

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.