Insider Buying: Laird Superfood (NYSEAMERICAN:LSF) Director Acquires $74,948.00 in Stock

Laird Superfood, Inc. (NYSEAMERICAN:LSF) Director Grant Lamontagne bought 22,850 shares of the stock in a transaction dated Wednesday, May 20th. The stock was purchased at an average price of $3.28 per share, with a total value of $74,948.00. Following the acquisition, the director directly owned 107,358 shares in the company, valued at approximately $352,134.24. The trade was a 27.04% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Laird Superfood Trading Down 5.1%

Laird Superfood stock opened at $3.19 on Thursday. The firm has a 50-day moving average price of $2.89 and a 200-day moving average price of $2.71. The firm has a market capitalization of $35.09 million, a PE ratio of -17.72 and a beta of 2.72. Laird Superfood, Inc. has a 12-month low of $1.96 and a 12-month 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 the consensus estimate 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 firm had revenue of $13.94 million during the quarter, compared to analyst estimates of $14.51 million. As a group, sell-side analysts predict that Laird Superfood, Inc. will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Maxim Group decreased their price objective on shares of Laird Superfood from $8.00 to $6.00 and set a “buy” rating for the company in a report on Monday, March 30th. Zacks Research lowered shares of Laird Superfood from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.00.

Institutional Investors Weigh In On Laird Superfood

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased 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 period. HighTower Advisors LLC raised 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 buying an additional 5,000 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Laird Superfood by 24.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 31,943 shares of the company’s stock worth $71,000 after buying an additional 6,178 shares in the last quarter. XTX Topco Ltd raised its stake in Laird Superfood by 71.5% in the fourth quarter. XTX Topco Ltd now owns 19,691 shares of the company’s stock worth $44,000 after buying an additional 8,209 shares in the last quarter. Finally, Susquehanna International Group LLP raised its stake in Laird Superfood by 29.1% in the third quarter. Susquehanna International Group LLP now owns 47,546 shares of the company’s stock worth $265,000 after buying an additional 10,708 shares in 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.