Laird Superfood (NYSEAMERICAN:LSF) Shares Up 2.1% – Still a Buy?

Laird Superfood, Inc. (NYSEAMERICAN:LSF)’s share price shot up 2.1% during mid-day trading on Wednesday . The stock traded as high as $2.62 and last traded at $2.48. 21,418 shares traded hands during trading, a decline of 55% from the average session volume of 47,196 shares. The stock had previously closed at $2.43.

Laird Superfood Stock Performance

The stock’s 50 day simple moving average is $2.79 and its 200 day simple moving average is $3.73. The firm has a market cap of $26.51 million, a PE ratio of -13.78 and a beta of 2.42.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in LSF. Crewe Advisors LLC purchased a new stake in Laird Superfood during the fourth quarter valued at about $36,000. XTX Topco Ltd purchased a new position in shares of Laird Superfood in the 2nd quarter worth about $102,000. Steadtrust LLC purchased a new position in shares of Laird Superfood in the 4th quarter worth about $44,000. Virtu Financial LLC bought a new position in shares of Laird Superfood during the 4th quarter valued at about $57,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of 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 buying an additional 6,178 shares in the last quarter. Institutional investors own 8.56% of the company’s stock.

Laird Superfood Company Profile

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.