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

Laird Superfood, Inc. (NYSEAMERICAN:LSF) Director Grant Lamontagne bought 8,826 shares of the stock in a transaction on Thursday, June 4th. The stock was purchased at an average cost of $3.23 per share, with a total value of $28,507.98. Following the purchase, the director directly owned 168,334 shares of the company’s stock, valued at approximately $543,718.82. This represents a 5.53% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Laird Superfood Trading Up 0.9%

Shares of LSF stock traded up $0.03 during trading hours on Tuesday, hitting $3.42. 52,229 shares of the company were exchanged, compared to its average volume of 67,203. The company has a market capitalization of $37.62 million, a PE ratio of -19.00 and a beta of 2.72. Laird Superfood, Inc. has a 52 week low of $1.96 and a 52 week high of $7.80. The business has a 50 day moving average of $2.96 and a two-hundred day moving average of $2.73.

Laird Superfood (NYSEAMERICAN:LSF) last announced its earnings results on Thursday, May 14th. The company reported $0.11 earnings per share (EPS) for the quarter, beating 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. On average, research analysts forecast that Laird Superfood, Inc. will post -0.11 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mink Brook Asset Management LLC lifted its holdings in shares of 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 acquiring an additional 136,826 shares during the last quarter. Geode Capital Management LLC increased its position in Laird Superfood by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 85,300 shares of the company’s stock worth $538,000 after purchasing an additional 2,483 shares in the last quarter. HighTower Advisors LLC increased its position in Laird Superfood by 7.1% during the 4th quarter. HighTower Advisors LLC now owns 75,476 shares of the company’s stock worth $168,000 after purchasing an additional 5,000 shares in the last quarter. Susquehanna International Group LLP lifted 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 valued at $265,000 after purchasing an additional 10,708 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in Laird Superfood by 75.3% in the first quarter. Acadian Asset Management LLC now owns 46,104 shares of the company’s stock valued at $282,000 after buying an additional 19,806 shares in the last quarter. Institutional investors own 8.56% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Maxim Group reduced their target price on shares of Laird Superfood from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Monday, March 30th. Zacks Research lowered 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 issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Laird Superfood presently has a consensus rating of “Moderate Buy” and an average target price of $6.00.

Laird Superfood Company Profile

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.