Grant Lamontagne Purchases 22,850 Shares of Laird Superfood (NYSEAMERICAN:LSF) Stock

Laird Superfood, Inc. (NYSEAMERICAN:LSF) Director Grant Lamontagne purchased 22,850 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average cost of $3.28 per share, with a total value of $74,948.00. Following the completion of the transaction, the director owned 107,358 shares in the company, valued at $352,134.24. This trade represents a 27.04% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Laird Superfood Stock Performance

Shares of LSF opened at $3.36 on Wednesday. The stock has a market cap of $36.96 million, a PE ratio of -18.67 and a beta of 2.72. Laird Superfood, Inc. has a fifty-two week low of $1.96 and a fifty-two week high of $7.80. The firm’s 50-day simple moving average is $2.85 and its two-hundred day simple moving average is $2.70.

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, 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 analyst estimates of $14.51 million. Equities research analysts predict that Laird Superfood, Inc. will post -0.11 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Zacks Research downgraded Laird Superfood from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 26th. Maxim Group lowered their price target on Laird Superfood from $8.00 to $6.00 and set a “buy” rating for the company in a research 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 given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $6.00.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LSF. Crewe Advisors LLC purchased a new stake in shares of Laird Superfood during the fourth quarter valued at $36,000. XTX Topco Ltd purchased a new stake in shares of Laird Superfood during the 2nd quarter valued at about $102,000. Steadtrust LLC bought a new stake in shares of Laird Superfood in the fourth quarter worth approximately $44,000. Virtu Financial LLC bought a new stake in shares of Laird Superfood in the fourth quarter worth approximately $57,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of 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 purchasing an additional 6,178 shares during the last quarter. Hedge funds and other 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.