Laird Superfood (NYSEAMERICAN:LSF) Director Acquires $89,628.00 in Stock

Laird Superfood, Inc. (NYSEAMERICAN:LSF) Director Grant Lamontagne purchased 27,160 shares of Laird Superfood stock in a transaction that occurred on Tuesday, June 2nd. The stock was bought at an average cost of $3.30 per share, for a total transaction of $89,628.00. Following the purchase, the director directly owned 142,454 shares in the company, valued at $470,098.20. This trade represents a 23.56% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Laird Superfood Price Performance

LSF stock opened at $3.62 on Friday. The company has a market capitalization of $39.82 million, a PE ratio of -20.11 and a beta of 2.72. Laird Superfood, Inc. has a 12 month low of $1.96 and a 12 month high of $7.80. The firm’s 50-day moving average is $3.04 and its 200 day moving average is $2.75.

Laird Superfood (NYSEAMERICAN:LSF) last posted 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 company had revenue of $13.94 million for the quarter, compared to the consensus estimate of $14.51 million. Laird Superfood had a negative net margin of 3.41% and a negative return on equity of 35.26%. Sell-side analysts forecast that Laird Superfood, Inc. will post -0.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC boosted its holdings in shares of Laird Superfood by 75.3% in the 1st quarter. Acadian Asset Management LLC now owns 46,104 shares of the company’s stock valued at $282,000 after buying an additional 19,806 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Laird Superfood by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 85,300 shares of the company’s stock valued at $538,000 after buying an additional 2,483 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Laird Superfood in the 2nd quarter valued at about $102,000. Mink Brook Asset Management LLC bought a new stake in shares of Laird Superfood in the 3rd quarter valued at about $478,000. Finally, Susquehanna International Group LLP boosted its holdings in shares of Laird Superfood by 29.1% in the 3rd quarter. Susquehanna International Group LLP now owns 47,546 shares of the company’s stock valued at $265,000 after buying an additional 10,708 shares in the last quarter. Hedge funds and other institutional investors own 8.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LSF shares. Zacks Research downgraded shares of Laird Superfood from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 26th. Maxim Group cut their target price 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 equities research 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 company. According to data from MarketBeat, the stock has a consensus 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.