Maxim Group Issues Pessimistic Forecast for Laird Superfood (NYSEAMERICAN:LSF) Stock Price

Laird Superfood (NYSEAMERICAN:LSF) had its price target cut by analysts at Maxim Group from $8.00 to $6.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Maxim Group’s target price would indicate a potential upside of 179.07% from the company’s current price.

Laird Superfood Stock Up 0.9%

Shares of NYSEAMERICAN:LSF opened at $2.15 on Monday. Laird Superfood has a 12-month low of $1.96 and a 12-month high of $7.94. The company’s 50 day moving average price is $2.71 and its two-hundred day moving average price is $3.37. The firm has a market cap of $22.98 million, a PE ratio of -6.94 and a beta of 2.42.

Laird Superfood (NYSEAMERICAN:LSF) last released its quarterly earnings results on Thursday, March 26th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.11). Laird Superfood had a negative net margin of 6.52% and a negative return on equity of 19.67%. On average, research analysts expect that Laird Superfood will post -0.16 EPS for the current year.

Institutional Trading of Laird Superfood

Institutional investors have recently modified their holdings of the stock. Crewe Advisors LLC acquired a new position in Laird Superfood in the fourth quarter valued at about $36,000. XTX Topco Ltd grew 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 worth $44,000 after buying an additional 8,209 shares in the last quarter. Steadtrust LLC bought a new position in Laird Superfood in the 4th quarter valued at about $44,000. Virtu Financial LLC acquired a new position in shares of Laird Superfood in the 4th quarter valued at approximately $57,000. Finally, Goldman Sachs Group Inc. raised its position in shares of Laird Superfood by 24.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 31,943 shares of the company’s stock valued at $71,000 after buying an additional 6,178 shares in the last quarter. 8.56% of the stock is currently owned by institutional investors.

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.