Laird Superfood (NYSEAMERICAN:LSF) Director Grant Lamontagne Buys 8,826 Shares

Laird Superfood, Inc. (NYSEAMERICAN:LSF) Director Grant Lamontagne acquired 8,826 shares of Laird Superfood stock in a transaction that occurred on Thursday, June 4th. The stock was bought at an average price of $3.23 per share, with a total value of $28,507.98. Following the purchase, the director directly owned 168,334 shares of the company’s stock, valued at approximately $543,718.82. This trade represents a 5.53% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Laird Superfood Trading Up 0.9%

Shares of LSF stock traded up $0.03 during trading hours on Tuesday, hitting $3.42. The company’s stock had a trading volume of 52,229 shares, compared to its average volume of 67,203. The business has a fifty day moving average of $2.96 and a 200-day moving average of $2.73. Laird Superfood, Inc. has a twelve month low of $1.96 and a twelve month high of $7.80. The stock has a market cap of $37.62 million, a price-to-earnings ratio of -19.00 and a beta of 2.72.

Laird Superfood (NYSEAMERICAN:LSF) last issued its quarterly earnings results 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. Laird Superfood had a negative return on equity of 35.26% and a negative net margin of 3.41%.The company had revenue of $13.94 million for the quarter, compared to analyst estimates of $14.51 million. On average, equities analysts expect that Laird Superfood, Inc. will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on LSF shares. Zacks Research lowered Laird Superfood from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 26th. Maxim Group cut their price target 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 research 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $6.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC increased its stake in shares of Laird Superfood by 75.3% during the 1st quarter. Acadian Asset Management LLC now owns 46,104 shares of the company’s stock worth $282,000 after purchasing an additional 19,806 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Laird Superfood by 3.0% in the 2nd 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. XTX Topco Ltd acquired a new stake in shares of Laird Superfood during the 2nd quarter valued at about $102,000. Mink Brook Asset Management LLC bought a new stake in shares of Laird Superfood in the 3rd quarter valued at approximately $478,000. Finally, Susquehanna International Group LLP increased its position in shares of 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 in the last quarter. 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.