Laird Superfood (NYSEAMERICAN:LSF) Director Gregory Graves Purchases 15,000 Shares

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

Laird Superfood Stock Up 2.2%

Shares of LSF opened at $3.70 on Friday. Laird Superfood, Inc. has a 52 week low of $1.96 and a 52 week high of $7.80. The company has a market capitalization of $40.70 million, a price-to-earnings ratio of -20.55 and a beta of 2.72. The stock’s 50-day moving average price is $3.07 and its 200-day moving average price is $2.75.

Laird Superfood (NYSEAMERICAN:LSF) last issued its earnings results 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 return on equity of 35.26% and a negative net margin of 3.41%.The firm had revenue of $13.94 million for the quarter, compared to the consensus estimate of $14.51 million. As a group, equities analysts anticipate that Laird Superfood, Inc. will post -0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Laird Superfood

A number of hedge funds have recently bought and sold shares of LSF. Mink Brook Asset Management LLC boosted its position in 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 purchasing an additional 136,826 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Laird Superfood during the fourth quarter valued at approximately $73,000. Virtu Financial LLC acquired a new position in shares of Laird Superfood during the fourth quarter valued at approximately $57,000. Steadtrust LLC acquired a new position in shares of Laird Superfood during the fourth quarter valued at approximately $44,000. Finally, Acadian Asset Management LLC raised 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 valued at $282,000 after acquiring an additional 19,806 shares during the last quarter. Hedge funds and other institutional investors own 8.56% of the company’s stock.

Wall Street Analysts Forecast Growth

LSF has been the topic of a number of recent analyst reports. Zacks Research downgraded Laird Superfood from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 26th. Maxim Group lowered their price target on Laird Superfood from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Monday, March 30th. 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 company’s stock. According to data from MarketBeat, the company currently 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.