Insider Buying: Laird Superfood (NYSEAMERICAN:LSF) Director Acquires 17,054 Shares of Stock

Laird Superfood, Inc. (NYSEAMERICAN:LSF) Director Grant Lamontagne acquired 17,054 shares of Laird Superfood stock in a transaction on Wednesday, June 3rd. The shares were purchased at an average price of $3.30 per share, for a total transaction of $56,278.20. Following the completion of the acquisition, the director directly owned 159,508 shares in the company, valued at $526,376.40. This trade represents a 11.97% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Laird Superfood Price Performance

Shares of LSF stock traded up $0.03 during mid-day trading on Tuesday, hitting $3.42. The stock had a trading volume of 52,229 shares, compared to its average volume of 67,203. Laird Superfood, Inc. has a 12-month low of $1.96 and a 12-month high of $7.80. The firm’s 50-day moving average is $2.96 and its two-hundred day moving average is $2.73. The firm has a market capitalization of $37.62 million, a P/E ratio of -19.00 and a beta of 2.72.

Laird Superfood (NYSEAMERICAN:LSF) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.11 EPS 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 analyst estimates of $14.51 million. Analysts expect that Laird Superfood, Inc. will post -0.11 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LSF. Maxim Group lowered their price target on shares of Laird Superfood from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Monday, March 30th. Zacks Research downgraded shares of Laird Superfood from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 26th. One 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 stock. Based on data from MarketBeat.com, Laird Superfood presently has an average rating of “Moderate Buy” and an average target price of $6.00.

Hedge Funds Weigh In On Laird Superfood

A number of large investors have recently added to or reduced their stakes in the company. Crewe Advisors LLC purchased a new stake in shares of Laird Superfood during the fourth quarter valued at about $36,000. XTX Topco Ltd purchased a new position in shares of Laird Superfood in the 2nd quarter worth approximately $102,000. Steadtrust LLC bought a new position in shares of Laird Superfood during the 4th quarter worth approximately $44,000. Virtu Financial LLC purchased a new stake in Laird Superfood during the fourth quarter valued at approximately $57,000. Finally, Goldman Sachs Group Inc. boosted 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 valued at $71,000 after acquiring an additional 6,178 shares in the last quarter. 8.56% of the stock is currently owned by institutional investors.

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.