Grant Lamontagne Purchases 22,850 Shares of Laird Superfood (NYSEAMERICAN:LSF) Stock

Laird Superfood, Inc. (NYSEAMERICAN:LSF) Director Grant Lamontagne bought 22,850 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was purchased at an average price of $3.28 per share, with a total value of $74,948.00. Following the transaction, the director owned 107,358 shares in the company, valued at approximately $352,134.24. This represents a 27.04% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Laird Superfood Stock Down 3.7%

Shares of LSF traded down $0.13 during mid-day trading on Monday, hitting $3.38. The stock had a trading volume of 23,446 shares, compared to its average volume of 68,396. The company has a market cap of $37.18 million, a PE ratio of -18.78 and a beta of 2.72. The company’s fifty day simple moving average is $2.84 and its two-hundred day simple moving average is $2.70. Laird Superfood, Inc. has a fifty-two week low of $1.96 and a fifty-two week high of $7.80.

Laird Superfood (NYSEAMERICAN:LSF) last issued its 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 during the quarter, compared to analyst estimates of $14.51 million. Laird Superfood had a negative return on equity of 35.26% and a negative net margin of 3.41%. Equities analysts expect that Laird Superfood, Inc. will post -0.11 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Mink Brook Asset Management LLC bought a new position in shares of Laird Superfood in the third quarter worth $478,000. Crewe Advisors LLC bought a new position in shares of Laird Superfood in the fourth quarter worth $36,000. XTX Topco Ltd bought a new position in shares of Laird Superfood in the second quarter worth $102,000. HighTower Advisors LLC grew its stake in shares of 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 in the last quarter. Finally, Susquehanna International Group LLP grew its stake in shares of Laird Superfood by 29.1% in the third quarter. Susquehanna International Group LLP now owns 47,546 shares of the company’s stock worth $265,000 after purchasing an additional 10,708 shares in the last quarter. Institutional investors and hedge funds own 8.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Maxim Group lowered their price objective on Laird Superfood from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Monday, March 30th. Zacks Research cut Laird Superfood from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.