Laird Superfood (NYSEAMERICAN:LSF – Get Free Report) released its quarterly earnings results on Thursday. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.17), FiscalAI reports. The business had revenue of $41.29 million for the quarter, compared to analyst estimates of $35.15 million. Laird Superfood had a negative return on equity of 35.26% and a negative net margin of 3.41%.
Laird Superfood Stock Performance
NYSEAMERICAN:LSF traded up $0.13 during mid-day trading on Thursday, hitting $4.38. 24,627 shares of the stock were exchanged, compared to its average volume of 64,973. The stock has a market capitalization of $48.18 million, a price-to-earnings ratio of -24.33 and a beta of 2.69. The firm’s 50-day simple moving average is $4.32 and its 200 day simple moving average is $3.35. Laird Superfood has a fifty-two week low of $1.96 and a fifty-two week high of $6.71.
Wall Street Analysts Forecast Growth
Separately, Zacks Research raised Laird Superfood from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $6.00.
Insider Transactions at Laird Superfood
In other Laird Superfood news, Director Gregory B. Graves bought 15,000 shares of the stock in a transaction on Wednesday, June 10th. The stock was purchased at an average price of $3.45 per share, with a total value of $51,750.00. Following the completion of 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 through the SEC website. Also, Director Grant J. Lamontagne acquired 8,826 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were bought at an average price of $3.23 per share, with a total value of $28,507.98. Following the completion of the transaction, the director owned 168,334 shares in the company, valued at $543,718.82. This represents a 5.53% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 105,736 shares of company stock valued at $350,104 in the last three months. Insiders own 77.60% of the company’s stock.
Institutional Investors Weigh In On Laird Superfood
Several hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its holdings in Laird Superfood by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 85,300 shares of the company’s stock worth $538,000 after acquiring an additional 2,483 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Laird Superfood by 7.1% during the 4th quarter. HighTower Advisors LLC now owns 75,476 shares of the company’s stock valued at $168,000 after acquiring an additional 5,000 shares during the period. Goldman Sachs Group Inc. grew its holdings in 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 during the period. XTX Topco Ltd grew its stake in shares of Laird Superfood by 71.5% during the 4th quarter. XTX Topco Ltd now owns 19,691 shares of the company’s stock valued at $44,000 after acquiring an additional 8,209 shares during the period. Finally, Susquehanna International Group LLP increased its stake in Laird Superfood by 29.1% in the 3rd quarter. Susquehanna International Group LLP now owns 47,546 shares of the company’s stock worth $265,000 after buying an additional 10,708 shares in the last quarter. 8.56% of the stock is currently owned by institutional investors and hedge funds.
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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