Laird Superfood (NYSEAMERICAN:LSF) Director Purchases $22,803.00 in Stock

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

Laird Superfood Stock Performance

Laird Superfood stock opened at $3.62 on Friday. The company has a 50-day simple moving average of $3.04 and a 200-day simple moving average of $2.75. The firm has a market capitalization of $39.82 million, a P/E ratio of -20.11 and a beta of 2.72. Laird Superfood, Inc. has a one year low of $1.96 and a one year high of $7.80.

Laird Superfood (NYSEAMERICAN:LSF) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.13) by $0.24. The business had revenue of $13.94 million during the quarter, compared to analyst estimates of $14.51 million. Laird Superfood had a negative net margin of 3.41% and a negative return on equity of 35.26%. As a group, sell-side analysts forecast that Laird Superfood, Inc. will post -0.11 earnings per share for the current year.

Hedge Funds Weigh In On Laird Superfood

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC bought a new position in Laird Superfood in the 4th quarter valued at about $57,000. XTX Topco Ltd grew its position in Laird Superfood by 71.5% in the 4th quarter. XTX Topco Ltd now owns 19,691 shares of the company’s stock valued at $44,000 after buying an additional 8,209 shares in the last quarter. Mink Brook Asset Management LLC grew its position in Laird Superfood by 159.8% in the 4th quarter. Mink Brook Asset Management LLC now owns 222,432 shares of the company’s stock valued at $494,000 after buying an additional 136,826 shares in the last quarter. Jane Street Group LLC bought a new position in Laird Superfood in the 4th quarter valued at about $73,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Laird Superfood by 24.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 31,943 shares of the company’s stock valued at $71,000 after acquiring an additional 6,178 shares during the last quarter. Institutional investors own 8.56% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on LSF. Maxim Group lowered their price target on shares of Laird Superfood from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Monday, March 30th. Zacks Research lowered shares of Laird Superfood from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $6.00.

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.