Laird Superfood (NYSEAMERICAN:LSF) Director Grant Lamontagne Acquires 6,910 Shares

Laird Superfood, Inc. (NYSEAMERICAN:LSF) Director Grant Lamontagne acquired 6,910 shares of Laird Superfood stock in a transaction dated Friday, June 5th. The shares were bought at an average cost of $3.30 per share, with a total value of $22,803.00. Following the transaction, the director owned 175,244 shares in the company, valued at approximately $578,305.20. This trade represents a 4.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Laird Superfood Price Performance

Shares of NYSEAMERICAN:LSF traded up $0.03 during mid-day trading on Tuesday, hitting $3.42. The company had a trading volume of 52,229 shares, compared to its average volume of 67,203. Laird Superfood, Inc. has a one year low of $1.96 and a one year high of $7.80. The firm has a fifty day moving average price of $2.96 and a 200 day moving average price of $2.73. The company has a market capitalization of $37.62 million, a PE ratio of -19.00 and a beta of 2.72.

Laird Superfood (NYSEAMERICAN:LSF) last issued its earnings results on Thursday, May 14th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.24. The business had revenue of $13.94 million for the quarter, compared to analyst estimates of $14.51 million. Laird Superfood had a negative net margin of 3.41% and a negative return on equity of 35.26%. Research analysts expect that Laird Superfood, Inc. will post -0.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Maxim Group reduced their target price 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 lowered Laird Superfood from a “hold” rating to a “strong sell” rating in a report 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, Laird Superfood presently has a consensus rating of “Moderate Buy” and an average target price of $6.00.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LSF. Crewe Advisors LLC bought a new position in shares of Laird Superfood in the fourth quarter valued at $36,000. XTX Topco Ltd bought a new stake in shares of Laird Superfood during the second quarter worth about $102,000. Steadtrust LLC acquired a new stake in shares of Laird Superfood in the 4th quarter worth about $44,000. Virtu Financial LLC bought a new position in Laird Superfood in the 4th quarter valued at about $57,000. Finally, Goldman Sachs Group Inc. lifted its position in Laird Superfood by 24.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 31,943 shares of the company’s stock valued at $71,000 after acquiring an additional 6,178 shares in the last quarter. Institutional investors and hedge funds own 8.56% of the company’s stock.

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.