Laird Superfood (NYSEAMERICAN:LSF) Stock Rating Upgraded by Zacks Research

Laird Superfood (NYSEAMERICAN:LSF) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

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

Laird Superfood Stock Performance

LSF opened at $4.59 on Tuesday. The firm has a 50 day moving average price of $3.94 and a 200 day moving average price of $3.13. The company has a market cap of $50.49 million, a PE ratio of -25.50 and a beta of 2.66. Laird Superfood has a 1 year low of $1.96 and a 1 year high of $7.80.

Laird Superfood (NYSEAMERICAN:LSF) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.11 earnings per share for the quarter, beating 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 analysts’ expectations of $14.51 million. On average, sell-side analysts predict that Laird Superfood will post -0.11 earnings per share for the current year.

Insider Transactions at Laird Superfood

In other Laird Superfood news, Director Gregory B. Graves bought 15,000 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were bought at an average cost of $3.45 per share, with a total value of $51,750.00. Following the transaction, the director directly owned 75,089 shares in the company, valued at approximately $259,057.05. This trade represents a 24.96% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Grant J. Lamontagne bought 27,160 shares of Laird Superfood stock in a transaction dated Tuesday, June 2nd. The shares were acquired at an average price of $3.30 per share, with a total value of $89,628.00. Following the completion of the purchase, the director owned 142,454 shares in the company, valued at approximately $470,098.20. The trade was a 23.56% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 105,736 shares of company stock valued at $350,104 in the last three months. 77.60% of the stock is currently owned by company insiders.

Institutional Trading of Laird Superfood

Institutional investors have recently added to or reduced their stakes in the stock. Mink Brook Asset Management LLC grew its holdings in Laird Superfood by 159.8% during the 4th quarter. Mink Brook Asset Management LLC now owns 222,432 shares of the company’s stock worth $494,000 after acquiring an additional 136,826 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Laird Superfood in the 4th quarter valued at about $73,000. HighTower Advisors LLC lifted its position in shares of Laird Superfood by 7.1% during the fourth quarter. HighTower Advisors LLC now owns 75,476 shares of the company’s stock worth $168,000 after purchasing an additional 5,000 shares during the last quarter. Susquehanna International Group LLP raised its holdings in shares of Laird Superfood by 29.1% during the third quarter. Susquehanna International Group LLP now owns 47,546 shares of the company’s stock worth $265,000 after purchasing an additional 10,708 shares during the period. Finally, XTX Topco Ltd bought a new position in shares of Laird Superfood in the 2nd quarter worth about $102,000. 8.56% of the stock is 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.