Roth Capital Reaffirms Buy Rating for Laird Superfood (NYSEAMERICAN:LSF)

Laird Superfood (NYSEAMERICAN:LSF)‘s stock had its “buy” rating restated by investment analysts at Roth Capital in a report issued on Friday, Benzinga reports. They currently have a $4.50 price objective on the stock, down from their prior price objective of $6.00. Roth Capital‘s price objective would indicate a potential upside of 97.37% from the company’s previous close.

Separately, Maxim Group upped their target price on Laird Superfood from $6.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $7.25.

Laird Superfood Stock Performance

Shares of LSF traded down $0.44 during trading hours on Friday, reaching $2.28. The stock had a trading volume of 43,960 shares, compared to its average volume of 56,110. Laird Superfood has a 12 month low of $1.50 and a 12 month high of $5.11. The stock has a market capitalization of $25.51 million, a PE ratio of -5.70 and a beta of 2.97. The company’s 50-day moving average is $3.13 and its two-hundred day moving average is $3.35.

Laird Superfood (NYSEAMERICAN:LSF) last released its quarterly earnings data on Thursday, November 12th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. The company had revenue of $41.95 million for the quarter, compared to the consensus estimate of $43.51 million. Laird Superfood had a negative return on equity of 20.39% and a negative net margin of 3.95%. Equities analysts anticipate that Laird Superfood will post -0.09 earnings per share for the current fiscal year.

Institutional Trading of Laird Superfood

A hedge fund recently raised its position in Laird Superfood stock. Aspiriant LLC boosted its stake in Laird Superfood, Inc. (NYSEAMERICAN:LSF) by 92.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 175,958 shares of the company’s stock after purchasing an additional 84,508 shares during the period. Aspiriant LLC owned about 1.57% of Laird Superfood worth $612,000 at the end of the most recent reporting period. Institutional investors own 8.56% of the company’s stock.

About Laird Superfood

Laird Superfood, Inc. is a food and beverage company that develops plant-based products designed to support active lifestyles and everyday wellness. The company was founded in 2015 by professional surfer Laird Hamilton and entrepreneur Paul Hodge. Its product portfolio has included functional coffee creamers, instant coffee, hydration mixes, plant-based protein products, supplements and other pantry staples. Many products feature ingredients such as coconut, mushrooms, adaptogens and other plant-based compounds, and are marketed as convenient additions to coffee, beverages and daily nutrition routines.