Laird Superfood (NYSEAMERICAN:LSF) Shares Climb 7.3% – Still a Buy?

by · The Markets Daily

Laird Superfood, Inc. (NYSEAMERICAN:LSF – Get Free Report)’s share price traded up 7.3% during trading on Monday. The company traded as high as $2.90 and last traded at $2.80. 37,307 shares were traded during mid-day trading, an increase of 64% from the average daily volume of 22,724 shares. The stock had previously closed at $2.61.

Analyst Ratings Changes

Several equities research analysts have weighed in on LSF shares. Maxim Group raised their price target on Laird Superfood from $6.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Roth Capital restated a “buy” rating and set a $6.00 price objective on shares of Laird Superfood in a report on Friday, August 14th. Finally, Zacks Research raised shares of Laird Superfood from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $8.00.

Get Our Latest Research Report on LSF

Laird Superfood Price Performance

The stock’s fifty day simple moving average is $3.66 and its 200-day simple moving average is $3.69. The firm has a market cap of $33.35 million, a PE ratio of -7.45 and a beta of 2.80.

Laird Superfood (NYSEAMERICAN:LSF – Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.17). Laird Superfood had a negative net margin of 3.95% and a negative return on equity of 20.39%. The company had revenue of $41.29 million for the quarter, compared to analysts’ expectations of $35.15 million. Analysts expect that Laird Superfood, Inc. will post -0.09 earnings per share for the current year.

Institutional Trading of Laird Superfood

A hedge fund recently raised its stake in Laird Superfood stock. Aspiriant LLC grew its position in shares of Laird Superfood, Inc. (NYSEAMERICAN:LSF – Free Report) by 92.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,958 shares of the company’s stock after purchasing an additional 84,508 shares during the quarter. Aspiriant LLC owned approximately 1.57% of Laird Superfood worth $612,000 as of its most recent SEC filing. Institutional investors and hedge funds own 8.56% of the company’s stock.

About Laird Superfood

(Get Free Report)

Laird Superfood, Inc develops and sells plant-based food and beverage products designed to support active lifestyles and daily wellness routines. Its product portfolio has included coffee creamers, instant coffee, hydration mixes, protein products, and other functional beverages and nutritional offerings.

The company was founded in 2015 by professional surfer and entrepreneur Laird Hamilton and Paul Hodge. Laird Superfood markets products through its direct-to-consumer online channel, retail partners, and other distribution channels, serving customers primarily in the United States.

The company’s offerings are generally positioned around simple, plant-based ingredients and functional benefits, including energy, hydration, and nutrition.

Further Reading