Grant Lamontagne Purchases 8,826 Shares of Laird Superfood (NYSEAMERICAN:LSF) Stock

Laird Superfood, Inc. (NYSEAMERICAN:LSF) Director Grant Lamontagne purchased 8,826 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were bought at an average price of $3.23 per share, for a total transaction of $28,507.98. Following the completion of the purchase, the director directly owned 168,334 shares in the company, valued at $543,718.82. This represents a 5.53% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Laird Superfood Price Performance

Shares of NYSEAMERICAN:LSF opened at $3.40 on Thursday. The company’s fifty day moving average price is $3.01 and its 200 day moving average price is $2.74. Laird Superfood, Inc. has a 12 month low of $1.96 and a 12 month high of $7.80. The firm has a market capitalization of $37.40 million, a P/E ratio of -18.89 and a beta of 2.72.

Laird Superfood (NYSEAMERICAN:LSF) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.13) by $0.24. Laird Superfood had a negative net margin of 3.41% and a negative return on equity of 35.26%. The firm had revenue of $13.94 million for the quarter, compared to analyst estimates of $14.51 million. On average, sell-side analysts anticipate that Laird Superfood, Inc. will post -0.11 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Zacks Research lowered shares of Laird Superfood from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 26th. Maxim Group cut their price target on shares of Laird Superfood from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Laird Superfood presently has an average rating of “Moderate Buy” and an average target price of $6.00.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its stake in Laird Superfood by 3.0% in the second quarter. Geode Capital Management LLC now owns 85,300 shares of the company’s stock valued at $538,000 after purchasing an additional 2,483 shares during the period. HighTower Advisors LLC increased its stake in Laird Superfood by 7.1% in the fourth quarter. HighTower Advisors LLC now owns 75,476 shares of the company’s stock valued at $168,000 after purchasing an additional 5,000 shares during the period. Goldman Sachs Group Inc. increased its stake in 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. XTX Topco Ltd increased its stake in Laird Superfood by 71.5% in the fourth quarter. XTX Topco Ltd now owns 19,691 shares of the company’s stock valued at $44,000 after purchasing an additional 8,209 shares during the period. Finally, Susquehanna International Group LLP increased its stake in Laird Superfood by 29.1% in the third quarter. Susquehanna International Group LLP now owns 47,546 shares of the company’s stock valued at $265,000 after purchasing an additional 10,708 shares during the period. 8.56% of the stock is currently owned by institutional investors and hedge funds.

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.