Grant Lamontagne Purchases 27,160 Shares of Laird Superfood (NYSEAMERICAN:LSF) Stock

Laird Superfood, Inc. (NYSEAMERICAN:LSF) Director Grant Lamontagne purchased 27,160 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were purchased at an average cost of $3.30 per share, for a total transaction of $89,628.00. Following the completion of the acquisition, the director directly owned 142,454 shares in the company, valued at approximately $470,098.20. This trade represents a 23.56% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Laird Superfood Stock Performance

Shares of LSF stock traded up $0.03 on Tuesday, reaching $3.42. The stock had a trading volume of 52,229 shares, compared to its average volume of 67,203. Laird Superfood, Inc. has a 1 year low of $1.96 and a 1 year high of $7.80. The stock has a market cap of $37.62 million, a P/E ratio of -19.00 and a beta of 2.72. The company has a 50 day simple moving average of $2.96 and a 200 day simple moving average of $2.73.

Laird Superfood (NYSEAMERICAN:LSF) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.24. The company had revenue of $13.94 million during the quarter, compared to analysts’ expectations of $14.51 million. Laird Superfood had a negative return on equity of 35.26% and a negative net margin of 3.41%. On average, equities research analysts anticipate that Laird Superfood, Inc. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on LSF shares. Zacks Research lowered shares of Laird Superfood from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 26th. Maxim Group decreased their price target on shares of Laird Superfood from $8.00 to $6.00 and set a “buy” rating on the stock 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $6.00.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Virtu Financial LLC bought a new position in shares of Laird Superfood during the 4th quarter valued at approximately $57,000. XTX Topco Ltd lifted its holdings in Laird Superfood by 71.5% during the fourth quarter. XTX Topco Ltd now owns 19,691 shares of the company’s stock valued at $44,000 after purchasing an additional 8,209 shares in the last quarter. Mink Brook Asset Management LLC lifted its holdings in Laird Superfood by 159.8% during the fourth quarter. Mink Brook Asset Management LLC now owns 222,432 shares of the company’s stock valued at $494,000 after purchasing an additional 136,826 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Laird Superfood in the fourth quarter worth approximately $73,000. Finally, Goldman Sachs Group Inc. increased its stake in shares of Laird Superfood by 24.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 31,943 shares of the company’s stock worth $71,000 after purchasing an additional 6,178 shares in the last quarter. 8.56% of the stock is owned by hedge funds and other institutional investors.

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.