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

Laird Superfood, Inc. (NYSEAMERICAN:LSF) Director Grant Lamontagne acquired 6,610 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were bought at an average cost of $3.30 per share, for a total transaction of $21,813.00. Following the transaction, the director directly owned 115,294 shares of the company’s stock, valued at approximately $380,470.20. This trade represents a 6.08% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Laird Superfood Stock Performance

Shares of Laird Superfood stock traded down $0.13 during trading hours on Monday, reaching $3.38. 23,446 shares of the company were exchanged, compared to its average volume of 68,396. 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 is $2.84 and its 200 day moving average is $2.70. The firm has a market cap of $37.18 million, a PE ratio of -18.78 and a beta of 2.72.

Laird Superfood (NYSEAMERICAN:LSF) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.24. Laird Superfood had a negative return on equity of 35.26% and a negative net margin of 3.41%.The business had revenue of $13.94 million for the quarter, compared to analyst estimates of $14.51 million. Research analysts expect that Laird Superfood, Inc. will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

LSF has been the topic of a number of recent research reports. Maxim Group cut their price objective on 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 lowered Laird Superfood from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $6.00.

Institutional Investors Weigh In On Laird Superfood

A number of large investors have recently bought and sold shares of LSF. Crewe Advisors LLC bought a new position in Laird Superfood in the 4th quarter valued at $36,000. XTX Topco Ltd acquired a new position in shares of Laird Superfood in the 2nd quarter valued at $102,000. Steadtrust LLC acquired a new position in shares of Laird Superfood in the 4th quarter valued at $44,000. Virtu Financial LLC acquired a new position in shares of Laird Superfood in the 4th quarter valued at $57,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Laird Superfood by 24.0% in the 4th 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. 8.56% of the stock is currently owned by institutional investors.

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.