Laird Superfood (NYSEAMERICAN:LSF) Shares Up 3% – Time to Buy?

Laird Superfood, Inc. (NYSEAMERICAN:LSF)’s stock price shot up 3% on Monday . The company traded as high as $3.14 and last traded at $3.14. 13,098 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 47,308 shares. The stock had previously closed at $3.05.

Analyst Ratings Changes

Separately, Maxim Group lowered their price objective on Laird Superfood from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Strong Buy” and an average price target of $6.00.

Laird Superfood Stock Performance

The company has a market capitalization of $34.32 million, a P/E ratio of -10.13 and a beta of 2.49. The company has a 50-day simple moving average of $2.57 and a 200 day simple moving average of $3.04.

Laird Superfood (NYSEAMERICAN:LSF) last posted its quarterly earnings data on Thursday, March 26th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.11). Laird Superfood had a negative net margin of 6.52% and a negative return on equity of 20.33%. As a group, sell-side analysts forecast that Laird Superfood, Inc. will post 0.12 earnings per share for the current year.

Institutional Trading of Laird Superfood

Several hedge funds and other institutional investors have recently bought and sold shares of LSF. Huntleigh Advisors Inc. raised its position in shares of Laird Superfood by 6.3% during the third quarter. Huntleigh Advisors Inc. now owns 96,146 shares of the company’s stock valued at $536,000 after buying an additional 5,714 shares during the last quarter. Mink Brook Asset Management LLC bought a new stake in shares of Laird Superfood in the third quarter valued at about $478,000. Steadtrust LLC acquired a new stake in Laird Superfood during the fourth quarter worth about $44,000. XTX Topco Ltd grew its position 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 in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Laird Superfood by 24.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 31,943 shares of the company’s stock valued at $71,000 after acquiring an additional 6,178 shares during the period. 8.56% of the stock is currently owned by institutional investors and hedge funds.

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.