Laird Superfood (NYSEAMERICAN:LSF) Director Grant Lamontagne Acquires 22,850 Shares of Stock

Laird Superfood, Inc. (NYSEAMERICAN:LSF) Director Grant Lamontagne bought 22,850 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average cost of $3.28 per share, with a total value of $74,948.00. Following the acquisition, the director directly owned 107,358 shares of the company’s stock, valued at approximately $352,134.24. This represents a 27.04% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Laird Superfood Stock Performance

LSF opened at $3.38 on Tuesday. Laird Superfood, Inc. has a fifty-two week low of $1.96 and a fifty-two week high of $7.80. The company has a market capitalization of $37.18 million, a P/E ratio of -18.78 and a beta of 2.72. The stock has a fifty day moving average of $2.85 and a 200-day moving average of $2.70.

Laird Superfood (NYSEAMERICAN:LSF) last posted its earnings results on Thursday, May 14th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.24. The company had revenue of $13.94 million during 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%. On average, equities research analysts predict that Laird Superfood, Inc. will post -0.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on LSF. Zacks Research downgraded Laird Superfood from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 26th. Maxim Group dropped their price target on Laird Superfood from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $6.00.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LSF. Acadian Asset Management LLC raised its stake in Laird Superfood by 75.3% during the first quarter. Acadian Asset Management LLC now owns 46,104 shares of the company’s stock worth $282,000 after acquiring an additional 19,806 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Laird Superfood by 3.0% during the second quarter. Geode Capital Management LLC now owns 85,300 shares of the company’s stock worth $538,000 after purchasing an additional 2,483 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Laird Superfood during the second quarter worth about $102,000. Mink Brook Asset Management LLC bought a new stake in shares of Laird Superfood during the third quarter worth about $478,000. Finally, Susquehanna International Group LLP grew its holdings in shares of Laird Superfood by 29.1% during the third quarter. Susquehanna International Group LLP now owns 47,546 shares of the company’s stock worth $265,000 after purchasing an additional 10,708 shares during the last quarter. Institutional investors and hedge funds own 8.56% of the company’s stock.

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.