Grant Lamontagne Acquires 27,160 Shares of Laird Superfood (NYSEAMERICAN:LSF) Stock

Laird Superfood, Inc. (NYSEAMERICAN:LSF) Director Grant Lamontagne purchased 27,160 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was bought at an average price of $3.30 per share, for a total transaction of $89,628.00. Following the acquisition, the director owned 142,454 shares of the company’s stock, valued at $470,098.20. This represents a 23.56% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Laird Superfood Stock Up 0.3%

NYSEAMERICAN:LSF opened at $3.40 on Thursday. The stock has a market cap of $37.40 million, a P/E ratio of -18.89 and a beta of 2.72. The firm’s fifty day simple moving average is $3.01 and its 200 day simple moving average is $2.74. Laird Superfood, Inc. has a twelve month low of $1.96 and a twelve month high of $7.80.

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

Analysts Set New Price Targets

Several research firms recently weighed in on LSF. Maxim Group cut their price target on shares of Laird Superfood from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Monday, March 30th. Zacks Research downgraded shares of Laird Superfood from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $6.00.

Institutional Trading of Laird Superfood

A number of hedge funds and other institutional investors have recently modified their holdings of LSF. Crewe Advisors LLC purchased a new stake in shares of Laird Superfood in the 4th quarter worth about $36,000. XTX Topco Ltd grew its position in shares of Laird Superfood by 71.5% in the 4th quarter. XTX Topco Ltd now owns 19,691 shares of the company’s stock worth $44,000 after buying an additional 8,209 shares during the period. Steadtrust LLC purchased a new stake in shares of Laird Superfood in the 4th quarter worth about $44,000. Virtu Financial LLC purchased a new stake in shares of Laird Superfood in the 4th quarter worth about $57,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Laird Superfood by 24.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 31,943 shares of the company’s stock worth $71,000 after buying an additional 6,178 shares during the period. 8.56% of the stock is owned by hedge funds and other institutional investors.

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.