Grant Lamontagne Acquires 6,610 Shares of Laird Superfood (NYSEAMERICAN:LSF) Stock

Laird Superfood, Inc. (NYSEAMERICAN:LSFGet Free Report) Director Grant Lamontagne acquired 6,610 shares of the company’s stock in a transaction on Friday, May 29th. The shares were bought at an average cost of $3.30 per share, with a total value of $21,813.00. Following the acquisition, the director directly owned 115,294 shares in the company, valued at approximately $380,470.20. The trade was a 6.08% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Laird Superfood Stock Down 0.6%

LSF opened at $3.36 on Wednesday. The firm has a 50-day simple moving average of $2.85 and a two-hundred day simple moving average of $2.70. Laird Superfood, Inc. has a 52 week low of $1.96 and a 52 week high of $7.80. The company has a market capitalization of $36.96 million, a PE ratio of -18.67 and a beta of 2.72.

Laird Superfood (NYSEAMERICAN:LSFGet Free Report) last released 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. Laird Superfood had a negative net margin of 3.41% and a negative return on equity of 35.26%. The business had revenue of $13.94 million during the quarter, compared to the consensus estimate of $14.51 million. As a group, sell-side analysts expect that Laird Superfood, Inc. will post -0.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

LSF has been the subject of a number of analyst reports. Maxim Group lowered 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. Zacks Research downgraded shares of Laird Superfood from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Laird Superfood has a consensus rating of “Moderate Buy” and an average target price of $6.00.

Read Our Latest Stock Report on Laird Superfood

Institutional Trading of Laird Superfood

Several institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in Laird Superfood in the fourth quarter worth about $57,000. XTX Topco Ltd lifted its stake in Laird Superfood by 71.5% in the fourth quarter. XTX Topco Ltd now owns 19,691 shares of the company’s stock worth $44,000 after purchasing an additional 8,209 shares during the last quarter. Mink Brook Asset Management LLC lifted its stake in Laird Superfood by 159.8% in the fourth quarter. Mink Brook Asset Management LLC now owns 222,432 shares of the company’s stock worth $494,000 after purchasing an additional 136,826 shares during the last quarter. Jane Street Group LLC bought a new stake in Laird Superfood in the fourth quarter worth about $73,000. Finally, Goldman Sachs Group Inc. raised its stake 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 acquiring an additional 6,178 shares in the last quarter. Institutional investors own 8.56% of the company’s stock.

Laird Superfood Company Profile

(Get Free Report)

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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