Zacks Research Upgrades Laird Superfood (NYSEAMERICAN:LSF) to Hold

Laird Superfood (NYSEAMERICAN:LSF) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Separately, Maxim Group decreased their price objective on Laird Superfood from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Monday, March 30th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $6.00.

Laird Superfood Trading Up 1.8%

Shares of LSF stock opened at $4.59 on Tuesday. The company has a 50 day simple moving average of $3.94 and a two-hundred day simple moving average of $3.13. The stock has a market cap of $50.49 million, a P/E ratio of -25.50 and a beta of 2.66. Laird Superfood has a 12 month low of $1.96 and a 12 month high of $7.80.

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

Insider Transactions at Laird Superfood

In other Laird Superfood news, Director Gregory B. Graves bought 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was purchased at an average price of $3.45 per share, for a total transaction of $51,750.00. Following the completion of the transaction, the director owned 75,089 shares of the company’s stock, valued at $259,057.05. This trade represents a 24.96% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Grant J. Lamontagne purchased 27,160 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was acquired at an average price of $3.30 per share, with a total value of $89,628.00. Following the completion of 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 disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders bought 105,736 shares of company stock valued at $350,104. Corporate insiders own 77.60% of the company’s stock.

Institutional Investors Weigh In On Laird Superfood

Several large investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in shares of Laird Superfood by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 85,300 shares of the company’s stock valued at $538,000 after acquiring an additional 2,483 shares during the last quarter. HighTower Advisors LLC increased its position in Laird Superfood by 7.1% in the fourth quarter. HighTower Advisors LLC now owns 75,476 shares of the company’s stock worth $168,000 after purchasing an additional 5,000 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Laird Superfood by 24.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 31,943 shares of the company’s stock worth $71,000 after purchasing an additional 6,178 shares during the last quarter. XTX Topco Ltd raised its stake in Laird Superfood by 71.5% during the fourth 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. Finally, Susquehanna International Group LLP raised its stake in Laird Superfood by 29.1% during the third quarter. Susquehanna International Group LLP now owns 47,546 shares of the company’s stock valued at $265,000 after purchasing an additional 10,708 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.