Grant Lamontagne Acquires 17,054 Shares of Laird Superfood (NYSEAMERICAN:LSF) Stock

Laird Superfood, Inc. (NYSEAMERICAN:LSF) Director Grant Lamontagne acquired 17,054 shares of Laird Superfood stock in a transaction on Wednesday, June 3rd. The shares were bought at an average cost of $3.30 per share, for a total transaction of $56,278.20. Following the completion of the transaction, the director owned 159,508 shares in the company, valued at approximately $526,376.40. This trade represents a 11.97% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Laird Superfood Trading Up 0.3%

Shares of Laird Superfood stock opened at $3.40 on Thursday. The company’s fifty day simple moving average is $3.01 and its two-hundred day simple moving average is $2.74. The company has a market cap of $37.40 million, a P/E ratio of -18.89 and a beta of 2.72. Laird Superfood, Inc. has a 12-month low of $1.96 and a 12-month high of $7.80.

Laird Superfood (NYSEAMERICAN:LSF) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.24. The business had revenue of $13.94 million for the quarter, compared to the consensus estimate of $14.51 million. Laird Superfood had a negative net margin of 3.41% and a negative return on equity of 35.26%. Analysts predict that Laird Superfood, Inc. will post -0.11 EPS for the current fiscal year.

Institutional Trading of Laird Superfood

A number of hedge funds have recently modified their holdings of LSF. Crewe Advisors LLC bought a new stake in shares of Laird Superfood during the 4th quarter valued at $36,000. XTX Topco Ltd boosted its holdings 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 valued at $44,000 after buying an additional 8,209 shares in the last quarter. Steadtrust LLC bought a new stake in shares of Laird Superfood during the 4th quarter valued at $44,000. Virtu Financial LLC bought a new position in Laird Superfood in the 4th quarter worth about $57,000. Finally, Goldman Sachs Group Inc. grew its position in Laird Superfood by 24.0% during the 4th 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 last quarter. Institutional investors own 8.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LSF. Zacks Research downgraded shares of Laird Superfood from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 26th. Maxim Group reduced their price objective on shares of 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 research 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.00.

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.