Laird Superfood (NYSEAMERICAN:LSF) Director Grant Lamontagne Buys 17,054 Shares of Stock

Laird Superfood, Inc. (NYSEAMERICAN:LSF) Director Grant Lamontagne acquired 17,054 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was acquired at an average cost of $3.30 per share, with a total value of $56,278.20. Following the transaction, the director directly owned 159,508 shares in the company, valued at approximately $526,376.40. This represents a 11.97% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Laird Superfood Stock Performance

LSF stock traded up $0.03 on Tuesday, hitting $3.42. 52,229 shares of the company’s stock were exchanged, compared to its average volume of 67,203. The firm has a 50 day moving average price of $2.96 and a two-hundred day moving average price of $2.73. Laird Superfood, Inc. has a 12-month low of $1.96 and a 12-month 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.

Laird Superfood (NYSEAMERICAN:LSF) last released its quarterly earnings results 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%. Sell-side analysts expect that Laird Superfood, Inc. will post -0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Crewe Advisors LLC acquired a new stake in shares of Laird Superfood during the fourth quarter worth about $36,000. XTX Topco Ltd increased its holdings in Laird Superfood by 71.5% in the 4th quarter. XTX Topco Ltd now owns 19,691 shares of the company’s stock worth $44,000 after buying an additional 8,209 shares during the period. Steadtrust LLC acquired a new position in Laird Superfood in the 4th quarter worth approximately $44,000. Virtu Financial LLC purchased a new position in Laird Superfood during the 4th quarter worth approximately $57,000. 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 worth $71,000 after buying an additional 6,178 shares during the last quarter. 8.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LSF has been the subject of a number of recent analyst reports. Zacks Research cut shares of Laird Superfood from a “hold” rating to a “strong sell” rating in a research note 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 for the company in a report on Monday, March 30th. One research 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 company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $6.00.

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.