Laird Superfood (NYSEAMERICAN:LSF) Director Grant Lamontagne Purchases 8,826 Shares of Stock

Laird Superfood, Inc. (NYSEAMERICAN:LSFGet Free Report) Director Grant Lamontagne purchased 8,826 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was purchased at an average price of $3.23 per share, for a total transaction of $28,507.98. Following the completion of the purchase, the director owned 168,334 shares in the company, valued at approximately $543,718.82. The trade was a 5.53% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Laird Superfood Price Performance

LSF stock opened at $3.39 on Wednesday. The company has a market cap of $37.29 million, a P/E ratio of -18.83 and a beta of 2.72. Laird Superfood, Inc. has a 1 year low of $1.96 and a 1 year high of $7.80. The stock’s fifty day moving average price is $2.99 and its 200-day moving average price is $2.73.

Laird Superfood (NYSEAMERICAN:LSFGet Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.24. The firm had revenue of $13.94 million for the quarter, compared to the consensus estimate 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, analysts expect that Laird Superfood, Inc. will post -0.11 earnings per share for the current year.

Hedge Funds Weigh In On Laird Superfood

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its position in Laird Superfood by 3.0% during the second quarter. Geode Capital Management LLC now owns 85,300 shares of the company’s stock valued at $538,000 after purchasing an additional 2,483 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Laird Superfood by 7.1% in the fourth 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 in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Laird Superfood by 24.0% in 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. XTX Topco Ltd lifted its position in shares of Laird Superfood by 71.5% in the fourth 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 in the last quarter. Finally, Susquehanna International Group LLP lifted its position in shares of Laird Superfood by 29.1% in the third quarter. Susquehanna International Group LLP now owns 47,546 shares of the company’s stock valued at $265,000 after acquiring an additional 10,708 shares in the last quarter. 8.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on LSF shares. Maxim Group dropped their price target on Laird Superfood from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Monday, March 30th. Zacks Research downgraded Laird Superfood from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $6.00.

Check Out Our Latest Report on Laird Superfood

About Laird Superfood

(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.

Further Reading

Insider Buying and Selling by Quarter for Laird Superfood (NYSEAMERICAN:LSF)

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