Laird Superfood (NYSEAMERICAN:LSF) Price Target Raised to $3.50 at Canaccord Genuity Group

Laird Superfood (NYSEAMERICAN:LSF) had its target price lifted by analysts at Canaccord Genuity Group from $2.50 to $3.50 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 27.27% from the stock’s previous close.

Separately, Roth Mkm upgraded shares of Laird Superfood from a “neutral” rating to a “buy” rating and raised their price objective for the company from $1.30 to $4.50 in a research report on Thursday.

Laird Superfood Trading Up 4.2 %

Shares of NYSEAMERICAN LSF traded up $0.11 during mid-day trading on Thursday, hitting $2.75. The company had a trading volume of 424,407 shares, compared to its average volume of 403,157. The stock’s 50-day moving average price is $0.95 and its 200-day moving average price is $0.94. The company has a market capitalization of $26.35 million, a price-to-earnings ratio of -2.50 and a beta of 1.96. Laird Superfood has a 1 year low of $0.65 and a 1 year high of $3.48.

Insider Buying and Selling at Laird Superfood

In related news, Director Geoffrey T. Barker purchased 50,000 shares of the business’s stock in a transaction on Friday, March 15th. The stock was acquired at an average price of $2.79 per share, with a total value of $139,500.00. Following the purchase, the director now directly owns 179,057 shares in the company, valued at $499,569.03. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have acquired a total of 56,211 shares of company stock valued at $153,381 in the last 90 days. Corporate insiders own 12.50% of the company’s stock.

Laird Superfood Company Profile

Laird Superfood, Inc manufactures and markets plant-based natural and functional food in the United States. The company provides powdered and liquid coffee creamers, and hydration and beverage enhancing supplements; hydrate coconut water products; performance mushroom supplements; functional, organic roasted, and instant coffee, tea, hot chocolate products; harvest snacks; and other food items.