Key Points
- Director Grant Lamontagne bought 22,850 shares of Laird Superfood at an average price of $3.28, a transaction worth about $74,948. After the purchase, his stake increased 27.04% to 107,358 shares.
- Laird Superfood reported better-than-expected quarterly earnings of $0.11 per share, beating estimates, though revenue of $13.94 million came in slightly below forecasts.
- The stock was down 3.7% in trading and has drawn mixed analyst views, with a consensus rating of “Moderate Buy” and an average price target of $6.00.
Laird Superfood, Inc. (NYSEAMERICAN:LSF - Get Free Report) Director Grant Lamontagne bought 6,610 shares of Laird Superfood stock in a transaction dated Friday, May 29th. The shares were purchased at an average cost of $3.30 per share, for a total transaction of $21,813.00. Following the completion of the transaction, the director owned 115,294 shares of the company's stock, valued at approximately $380,470.20. This represents a 6.08% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Laird Superfood Trading Down 3.7%
NYSEAMERICAN LSF opened at $3.38 on Tuesday. The company's fifty day simple moving average is $2.85 and its 200-day simple moving average is $2.70. Laird Superfood, Inc. has a 52 week low of $1.96 and a 52 week high of $7.80. The stock has a market cap of $37.18 million, a P/E ratio of -18.78 and a beta of 2.72.
Laird Superfood (NYSEAMERICAN:LSF - Get Free Report) last posted its earnings results on Thursday, May 14th. The company reported $0.11 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 business had revenue of $13.94 million for the quarter, compared to analysts' expectations of $14.51 million. On average, research analysts expect that Laird Superfood, Inc. will post -0.11 EPS for the current fiscal year.
Institutional Trading of Laird Superfood
A number of hedge funds and other institutional investors have recently made changes to their positions in LSF. Crewe Advisors LLC bought a new stake in shares of Laird Superfood in the fourth quarter worth $36,000. XTX Topco Ltd increased its stake in Laird Superfood by 71.5% during the fourth quarter. XTX Topco Ltd now owns 19,691 shares of the company's stock valued at $44,000 after purchasing an additional 8,209 shares during the last quarter. Steadtrust LLC bought a new stake in Laird Superfood during the fourth quarter valued at $44,000. Virtu Financial LLC bought a new stake in Laird Superfood during the fourth quarter valued at $57,000. Finally, Goldman Sachs Group Inc. increased its stake in Laird Superfood by 24.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 31,943 shares of the company's stock valued at $71,000 after purchasing an additional 6,178 shares during the last quarter. Institutional investors own 8.56% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently commented on LSF. Maxim Group reduced 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 cut shares of Laird Superfood from a "hold" rating to a "strong sell" rating in a research report on Tuesday, May 26th. One research 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. According to data from MarketBeat, Laird Superfood currently has an average rating of "Moderate Buy" and a consensus target price of $6.00.
Read Our Latest Research Report on LSF
About Laird Superfood
(
Get Free Report)
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.
Further Reading
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