Short Interest in Laird Superfood, Inc. (NYSEAMERICAN:LSF) Decreases By 39.6%
by Sarita Garza · The Markets DailyLaird Superfood, Inc. (NYSEAMERICAN:LSF – Get Free Report) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 61,342 shares, a decline of 39.6% from the May 14th total of 101,580 shares. Currently, 2.5% of the shares of the company are sold short. Based on an average daily volume of 63,405 shares, the short-interest ratio is presently 1.0 days.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. Maxim Group cut their price objective on shares of Laird Superfood from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Monday, March 30th. Zacks Research downgraded shares of Laird Superfood from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $6.00.
Read Our Latest Stock Report on Laird Superfood
Laird Superfood Trading Up 9.5%
NYSEAMERICAN LSF traded up $0.35 during trading on Monday, reaching $4.05. The company’s stock had a trading volume of 88,733 shares, compared to its average volume of 67,268. The firm has a market capitalization of $44.55 million, a price-to-earnings ratio of -22.50 and a beta of 2.72. Laird Superfood has a 12 month low of $1.96 and a 12 month high of $7.80. The firm has a 50 day moving average price of $3.07 and a 200 day moving average price of $2.75.
Laird Superfood (NYSEAMERICAN:LSF – Get Free Report) last posted 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 firm had revenue of $13.94 million during 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%. On average, equities analysts forecast that Laird Superfood will post -0.11 EPS for the current fiscal year.
Insider Activity
In other news, Director Gregory B. Graves acquired 15,000 shares of the stock in a transaction dated Wednesday, June 10th. The shares were bought at an average cost of $3.45 per share, for a total transaction of $51,750.00. Following the purchase, the director directly owned 75,089 shares of the company’s stock, valued at approximately $259,057.05. This trade represents a 24.96% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Grant J. Lamontagne purchased 27,160 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was bought at an average price of $3.30 per share, for a total transaction of $89,628.00. Following the purchase, the director owned 142,454 shares in the company, valued at $470,098.20. The trade was a 23.56% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 105,736 shares of company stock worth $350,104 over the last 90 days. 77.60% of the stock is owned by company insiders.
Institutional Trading of Laird Superfood
A number of institutional investors have recently bought and sold shares of the business. Mink Brook Asset Management LLC boosted its holdings in 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 during the period. Geode Capital Management LLC boosted its holdings in Laird Superfood by 3.0% in the 2nd 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 boosted its holdings in Laird Superfood by 7.1% in the 4th 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. Susquehanna International Group LLP boosted its holdings in Laird Superfood by 29.1% in the 3rd 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. Finally, Acadian Asset Management LLC boosted its holdings in Laird Superfood by 75.3% in the 1st quarter. Acadian Asset Management LLC now owns 46,104 shares of the company’s stock valued at $282,000 after purchasing an additional 19,806 shares during the period. Institutional investors 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.