Laird Superfood (NYSEAMERICAN:LSF) Stock Price Down 1.2% – Should You Sell?

Laird Superfood, Inc. (NYSEAMERICAN:LSF)’s share price fell 1.2% on Monday. The stock traded as low as $3.35 and last traded at $3.41. Approximately 29,630 shares traded hands during trading, an increase of 22% from the average session volume of 24,243 shares. The stock had previously closed at $3.45.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Maxim Group upped their price objective on Laird Superfood from $6.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Zacks Research upgraded Laird Superfood from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Finally, Roth Capital reissued a “buy” rating and set a $6.00 price target on shares of Laird Superfood in a report on Friday, August 14th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $8.00.

Laird Superfood Stock Down 1.2%

The firm has a market cap of $38.16 million, a PE ratio of -8.52 and a beta of 2.73. The firm’s fifty day simple moving average is $4.02 and its two-hundred day simple moving average is $3.61.

Laird Superfood (NYSEAMERICAN:LSF) last posted its quarterly 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 firm 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%. As a group, analysts anticipate that Laird Superfood, Inc. will post -0.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Laird Superfood

An institutional investor recently raised its stake in Laird Superfood stock. Finley Financial LLC raised its holdings in shares of Laird Superfood, Inc. (NYSEAMERICAN:LSF) by 100.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,000 shares of the company’s stock after acquiring an additional 25,000 shares during the quarter. Finley Financial LLC owned approximately 0.45% of Laird Superfood worth $235,000 as of its most recent SEC filing. 8.56% of the stock is owned by institutional investors.

About Laird Superfood

Laird Superfood, Inc develops and sells functional food and beverage products designed to support daily nutrition and wellness. Its product portfolio includes plant-based coffee creamers, instant coffee, hydration and performance supplements, mushroom-based products, hot chocolate, protein products and natural sweeteners.

The company was founded in 2015 by professional big-wave surfer Laird Hamilton and entrepreneur Paul Hodge. Its products are marketed under the Laird Superfood brand and are available through the company’s website, online retailers and selected retail stores, primarily serving consumers in the United States.

Laird Superfood emphasizes plant-based ingredients and formulations intended to complement coffee, exercise and everyday routines.