Laird Superfood’s (LSF) “Buy” Rating Reaffirmed at Roth Capital

Laird Superfood (NYSEAMERICAN:LSF)‘s stock had its “buy” rating restated by research analysts at Roth Capital in a report issued on Friday, Benzinga reports. They presently have a $4.50 target price on the stock, down from their previous target price of $6.00. Roth Capital‘s price target would suggest a potential upside of 97.37% from the stock’s current price.

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

Laird Superfood Stock Down 16.2%

Shares of NYSEAMERICAN:LSF traded down $0.44 during trading on Friday, reaching $2.28. 43,960 shares of the company traded hands, compared to its average volume of 56,110. The company’s 50 day moving average is $3.13 and its two-hundred day moving average is $3.35. The firm has a market capitalization of $25.51 million, a PE ratio of -5.70 and a beta of 2.97. Laird Superfood has a 52 week low of $1.50 and a 52 week high of $5.11.

Laird Superfood (NYSEAMERICAN:LSF) last released its earnings results on Thursday, November 12th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. Laird Superfood had a negative return on equity of 20.39% and a negative net margin of 3.95%. The company had revenue of $41.95 million for the quarter, compared to analyst estimates of $43.51 million. As a group, research analysts anticipate that Laird Superfood will post -0.09 EPS for the current year.

Institutional Investors Weigh In On Laird Superfood

An institutional investor recently raised its position in Laird Superfood stock. Aspiriant LLC increased its stake in shares of Laird Superfood, Inc. (NYSEAMERICAN:LSF) by 92.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,958 shares of the company’s stock after purchasing an additional 84,508 shares during the quarter. Aspiriant LLC owned approximately 1.57% of Laird Superfood worth $612,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 8.56% of the company’s stock.

About Laird Superfood

Laird Superfood, Inc. is a food and beverage company that develops plant-based products designed to support active lifestyles and everyday wellness. The company was founded in 2015 by professional surfer Laird Hamilton and entrepreneur Paul Hodge. Its product portfolio has included functional coffee creamers, instant coffee, hydration mixes, plant-based protein products, supplements and other pantry staples. Many products feature ingredients such as coconut, mushrooms, adaptogens and other plant-based compounds, and are marketed as convenient additions to coffee, beverages and daily nutrition routines.