Laird Superfood (NYSEAMERICAN:LSF) Director Purchases $21,813.00 in Stock

Laird Superfood, Inc. (NYSEAMERICAN:LSF) Director Grant Lamontagne acquired 6,610 shares of the stock in a transaction on Friday, May 29th. The shares were bought at an average cost of $3.30 per share, for a total transaction of $21,813.00. Following the purchase, the director directly owned 115,294 shares of the company’s stock, valued at $380,470.20. The trade was a 6.08% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Laird Superfood Trading Down 3.7%

NYSEAMERICAN LSF traded down $0.13 on Monday, reaching $3.38. 23,446 shares of the company were exchanged, compared to its average volume of 68,396. The business’s fifty day moving average price is $2.84 and its 200 day moving average price is $2.70. The stock has a market capitalization of $37.18 million, a P/E ratio of -18.78 and a beta of 2.72. Laird Superfood, Inc. has a fifty-two week low of $1.96 and a fifty-two week high of $7.80.

Laird Superfood (NYSEAMERICAN:LSF) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.24. The company 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%. Equities research analysts forecast that Laird Superfood, Inc. will post -0.11 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Mink Brook Asset Management LLC lifted 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 purchasing an additional 136,826 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Laird Superfood by 3.0% during the second quarter. Geode Capital Management LLC now owns 85,300 shares of the company’s stock worth $538,000 after acquiring an additional 2,483 shares during the period. HighTower Advisors LLC increased its position in shares of Laird Superfood by 7.1% during the fourth quarter. HighTower Advisors LLC now owns 75,476 shares of the company’s stock worth $168,000 after acquiring an additional 5,000 shares during the period. Susquehanna International Group LLP increased its position in shares of Laird Superfood by 29.1% during the third quarter. Susquehanna International Group LLP now owns 47,546 shares of the company’s stock worth $265,000 after acquiring an additional 10,708 shares during the period. Finally, Acadian Asset Management LLC increased its position in shares of Laird Superfood by 75.3% during the first quarter. Acadian Asset Management LLC now owns 46,104 shares of the company’s stock worth $282,000 after acquiring an additional 19,806 shares during the period. 8.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LSF. Maxim Group decreased their price objective on Laird Superfood from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Monday, March 30th. Zacks Research cut Laird Superfood from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.