Laird Superfood (NYSEAMERICAN:LSF) Director Buys $51,750.00 in Stock

Laird Superfood, Inc. (NYSEAMERICAN:LSF) Director Gregory Graves acquired 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was bought 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 in the company, valued at $259,057.05. The trade was a 24.96% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Laird Superfood Trading Up 2.2%

NYSEAMERICAN:LSF traded up $0.08 on Friday, hitting $3.70. The company had a trading volume of 44,338 shares, compared to its average volume of 67,070. The stock has a market capitalization of $40.70 million, a price-to-earnings ratio of -20.55 and a beta of 2.72. The firm has a 50 day moving average of $3.04 and a two-hundred day moving average of $2.75. Laird Superfood, Inc. has a 52 week low of $1.96 and a 52 week high of $7.80.

Laird Superfood (NYSEAMERICAN:LSF) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.13) by $0.24. The business had revenue of $13.94 million during the quarter, compared to the consensus estimate of $14.51 million. Laird Superfood had a negative net margin of 3.41% and a negative return on equity of 35.26%. As a group, equities analysts forecast that Laird Superfood, Inc. will post -0.11 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LSF. Crewe Advisors LLC acquired a new position in shares of Laird Superfood during the fourth quarter valued at about $36,000. XTX Topco Ltd grew its holdings in shares of Laird Superfood by 71.5% during the fourth 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. Steadtrust LLC bought a new position in shares of Laird Superfood during the fourth quarter valued at about $44,000. Virtu Financial LLC bought a new position in shares of Laird Superfood during the fourth quarter valued at about $57,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of Laird Superfood by 24.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 31,943 shares of the company’s stock valued at $71,000 after purchasing an additional 6,178 shares in the last quarter. 8.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LSF has been the subject of several recent analyst reports. Zacks Research cut shares of Laird Superfood from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 26th. Maxim Group reduced their price target on shares of Laird Superfood from $8.00 to $6.00 and set a “buy” rating for the company in a report on Monday, March 30th. 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 stock. According to MarketBeat, Laird Superfood has an average rating of “Moderate Buy” and a consensus price target 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.