Laird Superfood (NYSEAMERICAN:LSF) Shares Down 1.2% – Here’s Why

Laird Superfood, Inc. (NYSEAMERICAN:LSF – Get Free Report)’s share price was down 1.2% during trading on Monday. The company traded as low as $3.35 and last traded at $3.41. 29,630 shares traded hands during mid-day trading, an increase of 22% from the average daily volume of 24,243 shares. The stock had previously closed at $3.45.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LSF. Maxim Group upped their price target on Laird Superfood from $6.00 to $10.00 and gave the company a “buy” rating in a report on Friday, August 14th. Zacks Research upgraded Laird Superfood from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, Roth Capital reissued a “buy” rating and issued a $6.00 target price on shares of Laird Superfood in a research report on Friday, August 14th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Laird Superfood has an average rating of “Moderate Buy” and a consensus price target of $8.00.

View Our Latest Stock Analysis on Laird Superfood

Laird Superfood Trading Down 1.2%

The firm has a market capitalization of $38.16 million, a PE ratio of -8.52 and a beta of 2.73. The business’s 50 day simple moving average is $4.02 and its two-hundred day simple moving average is $3.61.

Laird Superfood (NYSEAMERICAN:LSF – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.17). Laird Superfood had a negative return on equity of 20.39% and a negative net margin of 3.95%.The firm had revenue of $41.29 million during the quarter, compared to analysts’ expectations of $35.15 million. As a group, equities research analysts anticipate that Laird Superfood, Inc. will post -0.09 earnings per share for the current year.

Institutional Investors Weigh In On Laird Superfood

An institutional investor recently raised its position in Laird Superfood stock. Finley Financial LLC boosted its holdings in shares of Laird Superfood, Inc. (NYSEAMERICAN:LSF – Free Report) by 100.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,000 shares of the company’s stock after buying an additional 25,000 shares during the quarter. Finley Financial LLC owned approximately 0.45% of Laird Superfood worth $235,000 at the end of the most recent quarter. 8.56% of the stock is currently owned by institutional investors.

Laird Superfood Company Profile

(Get Free Report)

Laird Superfood, Inc develops and sells functional food and beverage products designed to support daily nutrition and wellness. Its product portfolio includes plant-based coffee creamers, instant coffee, hydration and performance supplements, mushroom-based products, hot chocolate, protein products and natural sweeteners.

The company was founded in 2015 by professional big-wave surfer Laird Hamilton and entrepreneur Paul Hodge. Its products are marketed under the Laird Superfood brand and are available through the company’s website, online retailers and selected retail stores, primarily serving consumers in the United States.

Laird Superfood emphasizes plant-based ingredients and formulations intended to complement coffee, exercise and everyday routines.

Further Reading

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