Laird Superfood (NYSEAMERICAN:LSF) Upgraded at Zacks Research

Zacks Research upgraded shares of Laird Superfood (NYSEAMERICAN:LSF) from a strong sell rating to a hold rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Separately, Maxim Group dropped their target price on shares of Laird Superfood from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Monday, March 30th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $6.00.

Laird Superfood Stock Up 0.2%

Shares of LSF stock opened at $4.60 on Tuesday. Laird Superfood has a 12 month low of $1.96 and a 12 month high of $7.80. The company has a market cap of $50.60 million, a PE ratio of -25.55 and a beta of 2.66. The business’s 50 day moving average is $3.97 and its two-hundred day moving average is $3.15.

Laird Superfood (NYSEAMERICAN:LSF) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.24. The business had revenue of $13.94 million during the quarter, compared to analysts’ expectations of $14.51 million. Laird Superfood had a negative net margin of 3.41% and a negative return on equity of 35.26%. As a group, equities analysts expect that Laird Superfood will post -0.11 EPS for the current fiscal year.

Insider Buying and Selling

In other Laird Superfood news, Director Gregory B. Graves purchased 15,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was bought at an average cost of $3.45 per share, for a total transaction of $51,750.00. Following the completion of the acquisition, the director directly owned 75,089 shares in the company, valued at $259,057.05. This represents a 24.96% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Grant J. Lamontagne acquired 8,826 shares of Laird Superfood stock in a transaction dated Thursday, June 4th. The stock was acquired at an average cost of $3.23 per share, with a total value of $28,507.98. Following the completion of the transaction, the director directly owned 168,334 shares of the company’s stock, valued at $543,718.82. This trade represents a 5.53% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired a total of 105,736 shares of company stock worth $350,104 in the last ninety days. Insiders own 77.60% of the company’s stock.

Institutional Investors Weigh In On Laird Superfood

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Crewe Advisors LLC acquired a new position in Laird Superfood during the 4th quarter valued at $36,000. Steadtrust LLC bought a new stake in Laird Superfood in the 4th quarter valued at $44,000. XTX Topco Ltd grew its position in Laird Superfood by 71.5% in the 4th quarter. XTX Topco Ltd now owns 19,691 shares of the company’s stock worth $44,000 after purchasing an additional 8,209 shares during the last quarter. Virtu Financial LLC acquired a new stake in Laird Superfood in the 4th quarter worth $57,000. Finally, Goldman Sachs Group Inc. increased 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 worth $71,000 after purchasing an additional 6,178 shares during the period. Institutional investors and hedge funds 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.