Laird Superfood (NYSEAMERICAN:LSF) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Laird Superfood (NYSEAMERICAN:LSF) from a strong sell rating to a hold rating in a report published on Tuesday,Zacks.com reports.

Separately, Maxim Group reduced their target price on Laird Superfood from $8.00 to $6.00 and set a “buy” rating for the company in a report on Monday, March 30th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $6.00.

Laird Superfood Price Performance

Shares of LSF opened at $4.59 on Tuesday. The company has a 50-day moving average of $3.94 and a two-hundred day moving average of $3.13. The stock has a market cap of $50.49 million, a price-to-earnings ratio of -25.50 and a beta of 2.66. Laird Superfood has a one year low of $1.96 and a one year high of $7.80.

Laird Superfood (NYSEAMERICAN:LSF) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $13.94 million during the quarter, compared to analyst estimates of $14.51 million. Analysts anticipate that Laird Superfood will post -0.11 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Grant J. Lamontagne purchased 8,826 shares of Laird Superfood stock in a transaction dated Thursday, June 4th. The stock was acquired at an average cost of $3.23 per share, with a total value of $28,507.98. Following the completion of the transaction, the director directly owned 168,334 shares of the company’s stock, valued at $543,718.82. This trade represents a 5.53% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gregory B. Graves acquired 15,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were bought at an average cost of $3.45 per share, for a total transaction of $51,750.00. Following the completion of the transaction, the director directly owned 75,089 shares of the company’s stock, valued at $259,057.05. This represents a 24.96% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 105,736 shares of company stock valued at $350,104 over the last three months. 77.60% of the stock is owned by insiders.

Institutional Trading of Laird Superfood

Hedge funds and other institutional investors have recently modified their holdings of the company. Finley Financial LLC boosted its position in Laird Superfood by 100.0% during the second quarter. Finley Financial LLC now owns 50,000 shares of the company’s stock valued at $235,000 after purchasing an additional 25,000 shares during the last quarter. Virtu Financial LLC bought a new position in Laird Superfood during the fourth quarter valued at about $57,000. XTX Topco Ltd increased its holdings in shares of Laird Superfood by 71.5% during the 4th 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 during the last quarter. Mink Brook Asset Management LLC raised its stake in shares of Laird Superfood by 159.8% in the 4th quarter. Mink Brook Asset Management LLC now owns 222,432 shares of the company’s stock valued at $494,000 after acquiring an additional 136,826 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Laird Superfood in the 4th quarter valued at approximately $73,000. 8.56% of the stock is currently owned by hedge funds and other institutional investors.

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.