Laird Superfood (NYSEAMERICAN:LSF) Earns Buy Rating from Roth Capital

Laird Superfood (NYSEAMERICAN:LSF)‘s stock had its “buy” rating reissued by investment analysts at Roth Capital in a research report issued on Friday, Benzinga reports. They currently have a $4.50 price objective on the stock, down from their previous price objective of $6.00. Roth Capital‘s price target points to a potential upside of 78.57% from the company’s previous close.

Separately, Maxim Group lifted their target price on Laird Superfood from $6.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $7.25.

Laird Superfood Stock Performance

LSF traded down $0.20 during midday trading on Friday, reaching $2.52. 125,386 shares of the company were exchanged, compared to its average volume of 49,711. Laird Superfood has a one year low of $1.50 and a one year high of $5.11. The stock has a market capitalization of $28.20 million, a P/E ratio of -9.00 and a beta of 2.97. The stock’s 50-day simple moving average is $3.10 and its 200 day simple moving average is $3.34.

Laird Superfood (NYSEAMERICAN:LSF) last released its quarterly earnings data on Thursday, November 12th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.02. The business had revenue of $41.95 million for the quarter, compared to analyst estimates of $43.51 million. Laird Superfood had a negative net margin of 1.75% and a negative return on equity of 15.54%. On average, research analysts anticipate that Laird Superfood will post -0.09 earnings per share for the current year.

Institutional Investors Weigh In On Laird Superfood

Several large investors have recently made changes to their positions in LSF. Empowered Funds LLC acquired a new stake in shares of Laird Superfood during the third quarter worth $51,000. Finley Financial LLC boosted its stake in Laird Superfood by 100.0% in the 2nd quarter. Finley Financial LLC now owns 50,000 shares of the company’s stock worth $235,000 after purchasing an additional 25,000 shares during the period. Finally, Aspiriant LLC boosted its stake in Laird Superfood by 92.4% in the 3rd quarter. Aspiriant LLC now owns 175,958 shares of the company’s stock worth $612,000 after purchasing an additional 84,508 shares during the period. Institutional investors own 8.56% of the company’s stock.

About Laird Superfood

Laird Superfood, Inc. develops and sells plant-based food and beverage products, including creamers, coffee, hydration mixes, protein products, snacks and supplements. Its offerings are marketed as convenient options made with plant-based ingredients. The company was founded in 2015 by surfer and entrepreneur Laird Hamilton and his wife, Gabrielle Reece, along with Paul Hodge. It began with a plant-based coffee creamer and expanded its product range into other foods and beverages. Laird Superfood sells its products through its website and retail channels, primarily serving customers in the United States.