Laird Superfood (NYSEAMERICAN:LSF) Director Grant Lamontagne Acquires 6,910 Shares

by · The Cerbat Gem

Laird Superfood, Inc. (NYSEAMERICAN:LSF – Get Free Report) Director Grant Lamontagne acquired 6,910 shares of the stock in a transaction dated Friday, June 5th. The stock was bought at an average cost of $3.30 per share, with a total value of $22,803.00. Following the completion of the purchase, the director owned 175,244 shares of the company’s stock, valued at approximately $578,305.20. The trade was a 4.10% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Laird Superfood Trading Up 0.9%

Shares of NYSEAMERICAN:LSF traded up $0.03 during mid-day trading on Tuesday, hitting $3.42. 52,229 shares of the company traded hands, compared to its average volume of 67,203. The stock has a 50-day moving average price of $2.96 and a two-hundred day moving average price of $2.73. Laird Superfood, Inc. has a 12-month low of $1.96 and a 12-month high of $7.80. The stock has a market cap of $37.62 million, a P/E ratio of -19.00 and a beta of 2.72.

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

Analyst Ratings Changes

Several research analysts recently weighed in on LSF shares. 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 report on Monday, March 30th. Zacks Research cut shares of Laird Superfood from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 26th. 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $6.00.

View Our Latest Analysis on LSF

Institutional Investors Weigh In On Laird Superfood

A number of hedge funds have recently made changes to their positions in LSF. Crewe Advisors LLC purchased a new position in shares of Laird Superfood in the 4th quarter worth about $36,000. XTX Topco Ltd increased its holdings in Laird Superfood by 71.5% during the fourth quarter. XTX Topco Ltd now owns 19,691 shares of the company’s stock worth $44,000 after buying an additional 8,209 shares during the last quarter. Steadtrust LLC purchased a new stake in Laird Superfood during the fourth quarter worth about $44,000. Virtu Financial LLC bought a new stake in Laird Superfood in the fourth quarter worth about $57,000. Finally, Goldman Sachs Group Inc. raised its position in Laird Superfood by 24.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 31,943 shares of the company’s stock worth $71,000 after acquiring an additional 6,178 shares during the period. 8.56% of the stock is currently owned by institutional investors.

About Laird Superfood

(Get Free Report)

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.

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