33,465 Shares in Laird Superfood, Inc. $LSF Purchased by Evernest Financial Advisors LLC

Evernest Financial Advisors LLC purchased a new position in Laird Superfood, Inc. (NYSEAMERICAN:LSF) during the second quarter, HoldingsChannel reports. The firm purchased 33,465 shares of the company’s stock, valued at approximately $211,000.

Other hedge funds have also bought and sold shares of the company. AWM Investment Company Inc. purchased a new position in Laird Superfood in the 1st quarter worth about $2,767,000. HighTower Advisors LLC increased its holdings in Laird Superfood by 7.1% in the 1st quarter. HighTower Advisors LLC now owns 75,471 shares of the company’s stock worth $464,000 after acquiring an additional 4,975 shares in the last quarter. Huntleigh Advisors Inc. increased its holdings in Laird Superfood by 16.8% in the 1st quarter. Huntleigh Advisors Inc. now owns 85,601 shares of the company’s stock worth $526,000 after acquiring an additional 12,332 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in Laird Superfood by 75.3% in the 1st quarter. Acadian Asset Management LLC now owns 46,104 shares of the company’s stock worth $282,000 after acquiring an additional 19,806 shares in the last quarter. Hedge funds and other institutional investors own 8.56% of the company’s stock.

Laird Superfood Stock Down 1.7%

LSF stock opened at $5.14 on Friday. The firm has a 50 day moving average of $5.75 and a 200 day moving average of $6.17. The stock has a market capitalization of $54.79 million, a PE ratio of -46.73 and a beta of 2.16. Laird Superfood, Inc. has a 52 week low of $4.45 and a 52 week high of $10.90.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LSF. Maxim Group raised shares of Laird Superfood to a “strong-buy” rating and set a $12.00 price objective for the company in a report on Monday, June 30th. Craig Hallum upgraded Laird Superfood to a “strong-buy” rating in a research report on Thursday, July 10th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat.com, Laird Superfood currently has a consensus rating of “Strong Buy” and an average price target of $12.00.

Laird Superfood Profile

Laird Superfood, Inc manufactures and markets plant-based natural and functional food in the United States. The company provides powdered and liquid coffee creamers, and hydration and beverage enhancing supplements; hydrate coconut water products; performance mushroom supplements; functional, organic roasted, and instant coffee, tea, hot chocolate products; harvest snacks; and other food items.