Gregory Graves Buys 15,000 Shares of Laird Superfood (NYSEAMERICAN:LSF) Stock

Laird Superfood, Inc. (NYSEAMERICAN:LSF) Director Gregory Graves bought 15,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was bought at an average cost of $3.45 per share, for a total transaction of $51,750.00. Following the transaction, the director owned 75,089 shares of the company’s stock, valued at $259,057.05. The trade was a 24.96% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Laird Superfood Stock Performance

NYSEAMERICAN:LSF opened at $3.70 on Friday. The stock’s 50-day simple moving average is $3.07 and its 200 day simple moving average is $2.75. The company has a market cap of $40.70 million, a P/E ratio of -20.55 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.

Laird Superfood (NYSEAMERICAN:LSF) last released 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. The business 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, equities analysts predict that Laird Superfood, Inc. will post -0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Laird Superfood

A number of institutional investors have recently made changes to their positions in LSF. Mink Brook Asset Management LLC boosted its holdings in shares of Laird Superfood by 159.8% during 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 period. Jane Street Group LLC bought a new stake in shares of Laird Superfood during the fourth quarter worth approximately $73,000. Virtu Financial LLC bought a new stake in shares of Laird Superfood during the fourth quarter worth approximately $57,000. Steadtrust LLC bought a new stake in shares of Laird Superfood during the fourth quarter worth approximately $44,000. Finally, Acadian Asset Management LLC boosted its holdings in shares of Laird Superfood by 75.3% during the first quarter. Acadian Asset Management LLC now owns 46,104 shares of the company’s stock worth $282,000 after acquiring an additional 19,806 shares during the period. Institutional investors own 8.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Maxim Group reduced their price target on 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 cut Laird Superfood from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Laird Superfood has an average rating of “Moderate Buy” and a consensus 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.