Laird Superfood (NYSEAMERICAN:LSF) Issues Quarterly Earnings Results

Laird Superfood (NYSEAMERICAN:LSF) released its quarterly earnings results on Thursday. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.17), FiscalAI reports. Laird Superfood had a negative return on equity of 35.26% and a negative net margin of 3.41%.The firm had revenue of $41.29 million for the quarter, compared to analyst estimates of $35.15 million.

Laird Superfood Stock Up 3.1%

LSF stock traded up $0.13 during trading on Thursday, hitting $4.38. The company had a trading volume of 22,417 shares, compared to its average volume of 64,933. The firm has a 50-day moving average price of $4.32 and a 200-day moving average price of $3.35. The firm has a market cap of $48.18 million, a PE ratio of -24.33 and a beta of 2.69. Laird Superfood has a 1-year low of $1.96 and a 1-year high of $6.71.

Insider Activity at Laird Superfood

In related news, Director Gregory B. Graves purchased 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was purchased at an average cost of $3.45 per share, with a total value of $51,750.00. Following the completion of the acquisition, the director directly owned 75,089 shares in the company, valued at $259,057.05. This trade represents a 24.96% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Grant J. Lamontagne acquired 27,160 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was purchased at an average price of $3.30 per share, for a total transaction of $89,628.00. Following the completion of the transaction, the director owned 142,454 shares in the company, valued at $470,098.20. The trade was a 23.56% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 105,736 shares of company stock worth $350,104 over the last quarter. Company insiders own 77.60% of the company’s stock.

Hedge Funds Weigh In On Laird Superfood

A number of large investors have recently modified their holdings of LSF. Virtu Financial LLC purchased a new position in Laird Superfood in the fourth quarter worth $57,000. XTX Topco Ltd grew its stake 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 worth $44,000 after purchasing an additional 8,209 shares during the period. Mink Brook Asset Management LLC increased its holdings 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 purchasing an additional 136,826 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Laird Superfood in the 4th quarter valued at about $73,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Laird Superfood by 24.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 31,943 shares of the company’s stock valued at $71,000 after purchasing an additional 6,178 shares during the period. 8.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Laird Superfood from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.