Laird Superfood (NYSEAMERICAN:LSF) Announces Quarterly Earnings Results

Laird Superfood (NYSEAMERICAN:LSF) announced its quarterly earnings results on Thursday. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.17), FiscalAI reports. Laird Superfood had a negative return on equity of 35.26% and a negative net margin of 3.41%.The firm had revenue of $41.29 million for the quarter, compared to analyst estimates of $35.15 million.

Laird Superfood Stock Performance

Shares of NYSEAMERICAN LSF traded up $0.13 during trading on Thursday, reaching $4.38. The stock had a trading volume of 22,417 shares, compared to its average volume of 64,933. Laird Superfood has a fifty-two week low of $1.96 and a fifty-two week high of $6.71. The business’s 50-day moving average price is $4.32 and its 200-day moving average price is $3.35. The company has a market cap of $48.18 million, a P/E ratio of -24.33 and a beta of 2.69.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Laird Superfood from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.00.

Insider Activity

In other news, Director Grant J. Lamontagne bought 27,160 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were purchased at an average price of $3.30 per share, with a total value of $89,628.00. Following the purchase, the director owned 142,454 shares in the company, valued at approximately $470,098.20. The trade was a 23.56% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gregory B. Graves acquired 15,000 shares of the stock in a transaction dated Wednesday, June 10th. The stock was acquired at an average cost of $3.45 per share, with a total value of $51,750.00. Following the purchase, the director owned 75,089 shares of the company’s stock, valued at approximately $259,057.05. This trade represents a 24.96% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have purchased 105,736 shares of company stock worth $350,104. 77.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Laird Superfood

A number of large investors have recently modified their holdings of LSF. 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 valued at $44,000 after buying an additional 8,209 shares during the last quarter. Virtu Financial LLC purchased a new stake in Laird Superfood in the fourth quarter valued at $57,000. Goldman Sachs Group Inc. boosted its stake in Laird Superfood by 24.0% in the fourth 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. Jane Street Group LLC acquired a new position in Laird Superfood in the fourth quarter valued at $73,000. Finally, HighTower Advisors LLC grew its holdings in shares of Laird Superfood by 7.1% during 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 during the last quarter. 8.56% of the stock is owned by hedge funds and other institutional investors.

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.