Laird Superfood (NYSEAMERICAN:LSF) Director Purchases $21,813.00 in Stock

Laird Superfood, Inc. (NYSEAMERICAN:LSF) Director Grant Lamontagne bought 6,610 shares of Laird Superfood stock in a transaction on Friday, May 29th. The shares were acquired at an average price of $3.30 per share, for a total transaction of $21,813.00. Following the completion of the acquisition, the director owned 115,294 shares of the company’s stock, valued at approximately $380,470.20. This represents a 6.08% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Laird Superfood Trading Down 5.1%

LSF stock opened at $3.19 on Thursday. The stock has a 50-day moving average price of $2.89 and a two-hundred day moving average price of $2.71. The stock has a market cap of $35.09 million, a PE ratio of -17.72 and a beta of 2.72. Laird Superfood, Inc. has a 1 year low of $1.96 and a 1 year high of $7.80.

Laird Superfood (NYSEAMERICAN:LSF) last released its earnings results on Thursday, May 14th. The company reported $0.11 earnings per share (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%. On average, analysts forecast that Laird Superfood, Inc. will post -0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Laird Superfood

A number of hedge funds and other institutional investors have recently bought and sold shares of LSF. Acadian Asset Management LLC grew its holdings in Laird Superfood by 75.3% during the first quarter. Acadian Asset Management LLC now owns 46,104 shares of the company’s stock worth $282,000 after purchasing an additional 19,806 shares during the period. Geode Capital Management LLC grew its holdings in Laird Superfood by 3.0% during the second quarter. Geode Capital Management LLC now owns 85,300 shares of the company’s stock worth $538,000 after purchasing an additional 2,483 shares during the period. XTX Topco Ltd bought a new position in Laird Superfood during the second quarter worth about $102,000. Mink Brook Asset Management LLC bought a new position in Laird Superfood during the third quarter worth about $478,000. Finally, Susquehanna International Group LLP grew its holdings in Laird Superfood by 29.1% during the third quarter. Susquehanna International Group LLP now owns 47,546 shares of the company’s stock worth $265,000 after purchasing an additional 10,708 shares during the period. Institutional investors own 8.56% of the company’s stock.

Analyst Upgrades and Downgrades

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