Laird Superfood, Inc. (NYSEAMERICAN:LSF – Get Free Report) Director Grant Lamontagne bought 27,160 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was purchased at an average cost of $3.30 per share, with a total value of $89,628.00. Following the acquisition, the director directly owned 142,454 shares in the company, valued at $470,098.20. This trade represents a 23.56% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
Laird Superfood Stock Performance
Shares of Laird Superfood stock traded up $0.03 during trading hours on Tuesday, hitting $3.42. The company’s stock had a trading volume of 52,229 shares, compared to its average volume of 67,203. The company has a market cap of $37.62 million, a PE ratio of -19.00 and a beta of 2.72. The business has a 50 day moving average price of $2.96 and a two-hundred day moving average price of $2.73. Laird Superfood, Inc. has a 12-month low of $1.96 and a 12-month high of $7.80.
Laird Superfood (NYSEAMERICAN:LSF – Get Free Report) last released 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 firm had revenue of $13.94 million during the quarter, compared to analysts’ expectations of $14.51 million. Laird Superfood had a negative return on equity of 35.26% and a negative net margin of 3.41%. As a group, research analysts anticipate that Laird Superfood, Inc. will post -0.11 earnings per share for the current year.
Hedge Funds Weigh In On Laird Superfood
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the stock. Maxim Group reduced their price objective on shares of Laird Superfood from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Monday, March 30th. Zacks Research cut shares of Laird Superfood from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $6.00.
Check Out Our Latest Research Report on Laird Superfood
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.
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