Insider Buying: Laird Superfood (NYSEAMERICAN:LSF) Director Acquires 22,850 Shares of Stock

Laird Superfood, Inc. (NYSEAMERICAN:LSF) Director Grant Lamontagne acquired 22,850 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was purchased at an average price of $3.28 per share, for a total transaction of $74,948.00. Following the completion of the acquisition, the director owned 107,358 shares in the company, valued at approximately $352,134.24. This trade represents a 27.04% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Laird Superfood Stock Performance

Shares of NYSEAMERICAN:LSF traded down $0.13 during mid-day trading on Monday, hitting $3.38. 23,446 shares of the company traded hands, compared to its average volume of 68,396. The firm has a market cap of $37.18 million, a P/E ratio of -18.78 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 firm’s 50 day simple moving average is $2.84 and its 200 day simple moving average is $2.70.

Laird Superfood (NYSEAMERICAN:LSF) last announced its earnings results on Thursday, May 14th. The company reported $0.11 EPS for the quarter, beating the consensus estimate 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%. Equities research analysts expect that Laird Superfood, Inc. will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on LSF shares. Maxim Group dropped their target price on Laird Superfood from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Monday, March 30th. Zacks Research downgraded 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 given a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Laird Superfood has a consensus rating of “Moderate Buy” and a consensus price target of $6.00.

Institutional Investors Weigh In On Laird Superfood

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu Financial LLC purchased a new stake in Laird Superfood during the 4th quarter worth approximately $57,000. XTX Topco Ltd increased its holdings in Laird Superfood by 71.5% during the 4th quarter. XTX Topco Ltd now owns 19,691 shares of the company’s stock worth $44,000 after purchasing an additional 8,209 shares during the last quarter. Mink Brook Asset Management LLC increased its holdings in Laird Superfood by 159.8% during the 4th quarter. Mink Brook Asset Management LLC now owns 222,432 shares of the company’s stock worth $494,000 after purchasing an additional 136,826 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Laird Superfood in the 4th quarter worth approximately $73,000. Finally, Goldman Sachs Group Inc. grew its position 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 worth $71,000 after acquiring an additional 6,178 shares in the last quarter. 8.56% of the stock is currently owned by hedge funds and other 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.