Laird Superfood (NYSEAMERICAN:LSF) Price Target Cut to $6.00 by Analysts at Maxim Group

Laird Superfood (NYSEAMERICAN:LSF) had its price objective cut by Maxim Group from $8.00 to $6.00 in a research note published on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Laird Superfood Stock Performance

Shares of LSF opened at $2.13 on Monday. The company has a market capitalization of $22.77 million, a PE ratio of -6.87 and a beta of 2.42. Laird Superfood has a fifty-two week low of $1.96 and a fifty-two week high of $7.94. The stock has a fifty day moving average of $2.73 and a two-hundred day moving average of $3.40.

Laird Superfood (NYSEAMERICAN:LSF) last released its earnings results on Thursday, March 26th. The company reported ($0.17) EPS 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 19.67%. The business had revenue of $13.35 million during the quarter, compared to analyst estimates of $13.14 million. As a group, equities research analysts forecast that Laird Superfood will post -0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Laird Superfood

Institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its stake in shares of Laird Superfood by 75.3% during the first 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. Geode Capital Management LLC boosted its stake in shares of Laird Superfood by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 85,300 shares of the company’s stock valued at $538,000 after buying an additional 2,483 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Laird Superfood during the second quarter worth approximately $102,000. Archon Capital Management LLC increased its stake in shares of Laird Superfood by 8.9% in the second quarter. Archon Capital Management LLC now owns 88,340 shares of the company’s stock worth $557,000 after buying an additional 7,184 shares during the last quarter. Finally, AWM Investment Company Inc. increased its stake in shares of Laird Superfood by 33.2% in the second quarter. AWM Investment Company Inc. now owns 599,411 shares of the company’s stock worth $3,776,000 after buying an additional 149,519 shares during the last quarter. Hedge funds and other 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.