Laird Superfood (NYSEAMERICAN:LSF) Director Grant Lamontagne Buys 6,910 Shares of Stock

Laird Superfood, Inc. (NYSEAMERICAN:LSF) Director Grant Lamontagne acquired 6,910 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average price of $3.30 per share, for a total transaction of $22,803.00. Following the acquisition, the director directly owned 175,244 shares of the company’s stock, valued at $578,305.20. The trade was a 4.10% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Laird Superfood Stock Performance

NYSEAMERICAN:LSF opened at $3.39 on Wednesday. The stock’s 50 day moving average price is $2.99 and its 200 day moving average price is $2.73. Laird Superfood, Inc. has a 52 week low of $1.96 and a 52 week high of $7.80. The company has a market capitalization of $37.29 million, a P/E ratio of -18.83 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 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. As a group, sell-side analysts forecast that Laird Superfood, Inc. will post -0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Laird Superfood

A number of institutional investors have recently made changes to their positions in the business. Virtu Financial LLC bought a new position in shares of Laird Superfood in the fourth quarter worth about $57,000. XTX Topco Ltd increased its stake in shares of Laird Superfood by 71.5% in the fourth quarter. XTX Topco Ltd now owns 19,691 shares of the company’s stock worth $44,000 after purchasing an additional 8,209 shares during the period. Mink Brook Asset Management LLC increased its stake 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 worth $494,000 after purchasing an additional 136,826 shares during the period. Jane Street Group LLC bought a new position in shares of Laird Superfood in the fourth quarter worth about $73,000. Finally, Goldman Sachs Group Inc. grew 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 worth $71,000 after buying an additional 6,178 shares in the last quarter. 8.56% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

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.