Craig Hallum Lowers Laird Superfood (NYSEMKT:LSF) Price Target to $6.00

Laird Superfood (NYSEMKT:LSF – Get Rating) had its price objective decreased by Craig Hallum from $12.00 to $6.00 in a research note issued to investors on Friday, The Fly reports.

LSF has been the subject of a number of other research reports. Canaccord Genuity Group cut their price target on shares of Laird Superfood from $17.00 to $12.00 and set a buy rating for the company in a research note on Wednesday, March 9th. Zacks Investment Research upgraded shares of Laird Superfood from a sell rating to a hold rating in a research note on Wednesday. Finally, Canaccord Genuity Group cut their target price on shares of Laird Superfood from $17.00 to $12.00 in a research note on Wednesday, March 9th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Buy and a consensus price target of $17.83.

Laird Superfood stock traded up $0.41 during mid-day trading on Friday, reaching $2.61. The company’s stock had a trading volume of 265,174 shares, compared to its average volume of 122,190. The stock has a market cap of $23.72 million, a P/E ratio of -0.73 and a beta of 1.00. The firm’s 50 day simple moving average is $3.10 and its 200 day simple moving average is $8.59.

Laird Superfood (NYSEMKT:LSF – Get Rating) last released its earnings results on Tuesday, March 8th. The company reported ($0.76) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.70) by ($0.06). Laird Superfood had a negative net margin of 64.77% and a negative return on equity of 34.50%. As a group, analysts predict that Laird Superfood will post -2.65 EPS for the current year.

In other Laird Superfood news, Director Gregory B. Graves acquired 15,000 shares of the company’s stock in a transaction on Tuesday, March 15th. The stock was acquired at an average price of $3.00 per share, for a total transaction of $45,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 10.60% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. Prescott Group Capital Management L.L.C. grew its holdings in shares of Laird Superfood by 304.9% during the 1st quarter. Prescott Group Capital Management L.L.C. now owns 220,760 shares of the company’s stock valued at $797,000 after purchasing an additional 166,240 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Laird Superfood by 32.1% during the 3rd quarter. BlackRock Inc. now owns 666,792 shares of the company’s stock valued at $12,721,000 after purchasing an additional 162,076 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Laird Superfood during the 1st quarter worth approximately $489,000. Putnam Investments LLC grew its holdings in Laird Superfood by 26.8% during the 3rd quarter. Putnam Investments LLC now owns 219,143 shares of the company’s stock worth $4,182,000 after acquiring an additional 46,356 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Laird Superfood by 25.2% during the 4th quarter. Geode Capital Management LLC now owns 83,697 shares of the company’s stock worth $1,091,000 after acquiring an additional 16,844 shares during the last quarter. 30.79% of the stock is currently owned by hedge funds and other institutional investors.

About Laird Superfood (Get Rating)

Laird Superfood, Inc manufactures and markets plant-based natural and functional food in the United States. It offers powdered and liquid coffee creamers, and hydration and beverage enhancing supplements; hydrate coconut water products, activate daily jumpstart products, activate prebiotic daily greens, renew plant-based proteins, and performance mushroom supplements; coffee, tea, hot chocolate products; and Pili nuts and Harvest dates.

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