Laird Superfood (NYSEAMERICAN:LSF) Shares Up 2% – Here’s Why

Laird Superfood, Inc. (NYSEAMERICAN:LSF)’s share price was up 2% during mid-day trading on Friday . The company traded as high as $4.14 and last traded at $4.02. Approximately 12,169 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 38,462 shares. The stock had previously closed at $3.94.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Zacks Research upgraded shares of Laird Superfood from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Maxim Group boosted their price target on shares of Laird Superfood from $6.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Finally, Roth Capital restated a “buy” rating and set a $6.00 price target on shares of Laird Superfood in a research note on Friday, August 14th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Laird Superfood has an average rating of “Moderate Buy” and an average price target of $8.00.

Laird Superfood Price Performance

The company has a 50 day moving average of $4.31 and a 200-day moving average of $3.49. The company has a market cap of $44.98 million, a P/E ratio of -10.05 and a beta of 2.73.

Laird Superfood (NYSEAMERICAN:LSF) last announced its earnings results on Thursday, August 13th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.17). The business had revenue of $41.29 million during the quarter, compared to the consensus estimate of $35.15 million. Laird Superfood had a negative return on equity of 20.39% and a negative net margin of 3.95%. Research analysts anticipate that Laird Superfood, Inc. will post -0.09 EPS for the current year.

Insider Buying and Selling at Laird Superfood

In related news, Director Gregory B. Graves acquired 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were bought at an average cost of $3.45 per share, for a total transaction of $51,750.00. Following the completion of the transaction, the director owned 75,089 shares in the company, valued at approximately $259,057.05. This trade represents a 24.96% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 77.60% of the company’s stock.

Hedge Funds Weigh In On Laird Superfood

A number of hedge funds and other institutional investors have recently bought and sold shares of LSF. Finley Financial LLC increased its holdings in shares of Laird Superfood by 100.0% in the 2nd quarter. Finley Financial LLC now owns 50,000 shares of the company’s stock worth $235,000 after buying an additional 25,000 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Laird Superfood during the 4th quarter valued at $57,000. XTX Topco Ltd lifted its holdings in shares of Laird Superfood by 71.5% during the 4th quarter. XTX Topco Ltd now owns 19,691 shares of the company’s stock worth $44,000 after acquiring an additional 8,209 shares during the last quarter. Mink Brook Asset Management LLC lifted its holdings in shares of Laird Superfood by 159.8% during the 4th quarter. Mink Brook Asset Management LLC now owns 222,432 shares of the company’s stock worth $494,000 after acquiring an additional 136,826 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Laird Superfood during the 4th quarter worth $73,000. Hedge funds and other institutional investors own 8.56% of the company’s stock.

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.