Laird Superfood (NYSEAMERICAN:LSF) Lowered to Strong Sell Rating by Zacks Research

Zacks Research lowered shares of Laird Superfood (NYSEAMERICAN:LSF) from a hold rating to a strong sell rating in a report released on Tuesday morning,Zacks.com reports.

Separately, Maxim Group reduced their price target 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. 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.00.

Laird Superfood Stock Performance

Shares of NYSEAMERICAN LSF opened at $3.46 on Tuesday. The stock has a market cap of $38.06 million, a P/E ratio of -19.22 and a beta of 2.73. The firm has a 50 day moving average price of $2.80 and a 200 day moving average price of $2.71. Laird Superfood has a 52-week low of $1.96 and a 52-week high of $7.80.

Laird Superfood (NYSEAMERICAN:LSF) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.24. The firm had revenue of $13.94 million during the quarter, compared to analysts’ expectations of $14.51 million. Laird Superfood had a negative net margin of 3.41% and a negative return on equity of 35.26%. Analysts predict that Laird Superfood will post -0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LSF. Mink Brook Asset Management LLC boosted its holdings in shares of Laird Superfood by 159.8% in the fourth quarter. Mink Brook Asset Management LLC now owns 222,432 shares of the company’s stock valued at $494,000 after buying an additional 136,826 shares during the period. Jane Street Group LLC acquired a new position in shares of Laird Superfood in the fourth quarter valued at approximately $73,000. Virtu Financial LLC acquired a new position in shares of Laird Superfood in the fourth quarter valued at approximately $57,000. Steadtrust LLC acquired a new position in shares of Laird Superfood in the fourth quarter valued at approximately $44,000. Finally, Acadian Asset Management LLC boosted its holdings in shares of Laird Superfood by 75.3% in the first quarter. Acadian Asset Management LLC now owns 46,104 shares of the company’s stock valued at $282,000 after buying an additional 19,806 shares during the period. Institutional investors and hedge funds 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.