Laird Superfood (NYSEAMERICAN:LSF) Director Gregory Graves Purchases 15,000 Shares

Laird Superfood, Inc. (NYSEAMERICAN:LSF) Director Gregory Graves purchased 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was bought at an average price of $3.45 per share, for a total transaction of $51,750.00. Following the purchase, the director owned 75,089 shares in the company, valued at $259,057.05. The trade was a 24.96% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Laird Superfood Trading Up 2.2%

Shares of NYSEAMERICAN:LSF traded up $0.08 on Friday, reaching $3.70. 44,338 shares of the company’s stock were exchanged, compared to its average volume of 67,070. The company has a fifty day moving average of $3.04 and a 200-day moving average of $2.75. Laird Superfood, Inc. has a twelve month low of $1.96 and a twelve month high of $7.80. The company has a market capitalization of $40.70 million, a price-to-earnings ratio of -20.55 and a beta of 2.72.

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

Analyst Upgrades and Downgrades

LSF has been the topic of a number of analyst reports. Maxim Group decreased their target price on shares of Laird Superfood from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Monday, March 30th. Zacks Research lowered shares of Laird Superfood from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.00.

Institutional Trading of Laird Superfood

Large investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its position 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 worth $538,000 after acquiring an additional 2,483 shares in the last quarter. Mink Brook Asset Management LLC lifted its stake in Laird Superfood by 159.8% in the 4th quarter. Mink Brook Asset Management LLC now owns 222,432 shares of the company’s stock valued at $494,000 after purchasing an additional 136,826 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Laird Superfood by 75.3% in the 1st 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 last quarter. Susquehanna International Group LLP lifted its stake in Laird Superfood by 29.1% in the 3rd quarter. Susquehanna International Group LLP now owns 47,546 shares of the company’s stock valued at $265,000 after purchasing an additional 10,708 shares during the last quarter. Finally, HighTower Advisors LLC lifted its stake in Laird Superfood by 7.1% in the 4th quarter. HighTower Advisors LLC now owns 75,476 shares of the company’s stock valued at $168,000 after purchasing an additional 5,000 shares during the last quarter. 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.