Laird Superfood (NYSEAMERICAN:LSF) Director Grant Lamontagne Buys 6,610 Shares

Laird Superfood, Inc. (NYSEAMERICAN:LSF) Director Grant Lamontagne bought 6,610 shares of the company’s stock in a transaction on Friday, May 29th. The shares were acquired at an average price of $3.30 per share, with a total value of $21,813.00. Following the completion of the acquisition, the director directly owned 115,294 shares in the company, valued at $380,470.20. This represents a 6.08% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Laird Superfood Trading Down 3.7%

NYSEAMERICAN:LSF opened at $3.38 on Tuesday. The firm has a 50-day moving average price of $2.85 and a two-hundred day moving average price of $2.70. Laird Superfood, Inc. has a twelve month low of $1.96 and a twelve month high of $7.80. The company has a market capitalization of $37.18 million, a P/E ratio of -18.78 and a beta of 2.72.

Laird Superfood (NYSEAMERICAN:LSF) last posted its earnings results on Thursday, May 14th. The company reported $0.11 earnings per share for the quarter, beating 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 the consensus estimate of $14.51 million. On average, equities research analysts predict that Laird Superfood, Inc. will post -0.11 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented 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 report on Monday, March 30th. Zacks Research downgraded shares of Laird Superfood from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $6.00.

Institutional Investors Weigh In On Laird Superfood

A number of institutional investors have recently bought and sold shares of LSF. Virtu Financial LLC acquired a new position in Laird Superfood during the fourth quarter valued at approximately $57,000. XTX Topco Ltd lifted its position in Laird Superfood by 71.5% during the fourth quarter. XTX Topco Ltd now owns 19,691 shares of the company’s stock valued at $44,000 after buying an additional 8,209 shares in the last quarter. Mink Brook Asset Management LLC lifted its position 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 valued at $494,000 after buying an additional 136,826 shares in the last quarter. Jane Street Group LLC acquired a new position in Laird Superfood during the fourth quarter valued at approximately $73,000. Finally, Goldman Sachs Group Inc. lifted its position in Laird Superfood by 24.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 31,943 shares of the company’s stock valued at $71,000 after buying an additional 6,178 shares in the last quarter. 8.56% of the stock is currently 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.