Laird Superfood (NYSEAMERICAN:LSF) Director Purchases $28,507.98 in Stock

Laird Superfood, Inc. (NYSEAMERICAN:LSF) Director Grant Lamontagne bought 8,826 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was bought at an average price of $3.23 per share, with a total value of $28,507.98. Following the acquisition, the director owned 168,334 shares in the company, valued at approximately $543,718.82. This trade represents a 5.53% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Laird Superfood Stock Performance

Shares of Laird Superfood stock opened at $3.62 on Friday. The stock has a market cap of $39.82 million, a price-to-earnings ratio of -20.11 and a beta of 2.72. The stock has a 50 day moving average price of $3.04 and a 200-day moving average price of $2.75. Laird Superfood, Inc. has a one year low of $1.96 and a one year high of $7.80.

Laird Superfood (NYSEAMERICAN:LSF) last announced its earnings results on Thursday, May 14th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.24. The firm 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%. Sell-side analysts predict that Laird Superfood, Inc. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on LSF shares. Maxim Group decreased their price target on Laird Superfood from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Monday, March 30th. Zacks Research lowered Laird Superfood from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $6.00.

Institutional Investors Weigh In On Laird Superfood

A number of institutional investors and hedge funds have recently modified their holdings of the business. Virtu Financial LLC bought a new stake in shares of Laird Superfood during the 4th quarter worth approximately $57,000. XTX Topco Ltd raised its position in Laird Superfood by 71.5% during the 4th 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 raised its position in Laird Superfood by 159.8% during the 4th 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 stake in Laird Superfood during the 4th quarter valued at $73,000. Finally, Goldman Sachs Group Inc. raised its position in Laird Superfood by 24.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 31,943 shares of the company’s stock valued at $71,000 after purchasing an additional 6,178 shares in the last quarter. 8.56% of the stock is owned by institutional investors.

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.