Laird Superfood (NYSEAMERICAN:LSF) Stock Price Down 6.2% – Time to Sell?

Laird Superfood, Inc. (NYSEAMERICAN:LSF)’s share price traded down 6.2% during trading on Thursday . The company traded as low as $4.35 and last traded at $4.36. 19,251 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 79,236 shares. The stock had previously closed at $4.65.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Zacks Research cut shares of Laird Superfood from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 26th. Maxim Group decreased their price target on shares of Laird Superfood from $8.00 to $6.00 and set a “buy” rating for the company in a report on Monday, March 30th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $6.00.

Laird Superfood Price Performance

The company has a fifty day moving average price of $3.82 and a 200 day moving average price of $3.07. The company has a market capitalization of $47.96 million, a P/E ratio of -24.22 and a beta of 2.66.

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

Insider Buying and Selling at Laird Superfood

In other news, Director Gregory B. Graves purchased 15,000 shares of the stock in a transaction dated Wednesday, June 10th. The stock was acquired at an average price of $3.45 per share, for a total transaction of $51,750.00. Following the completion of the transaction, the director owned 75,089 shares of the company’s stock, valued at approximately $259,057.05. The trade was a 24.96% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Grant J. Lamontagne acquired 8,826 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was purchased at an average cost of $3.23 per share, for a total transaction of $28,507.98. Following the acquisition, the director owned 168,334 shares in the company, valued at approximately $543,718.82. This trade represents a 5.53% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 105,736 shares of company stock worth $350,104 over the last ninety days. 77.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Laird Superfood

A number of institutional investors and hedge funds have recently bought and sold shares of LSF. Mink Brook Asset Management LLC increased its stake 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 valued at $494,000 after buying an additional 136,826 shares during the period. Geode Capital Management LLC lifted its stake in shares of Laird Superfood by 3.0% in 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 during the period. HighTower Advisors LLC boosted its holdings in shares of Laird Superfood by 7.1% in the fourth quarter. HighTower Advisors LLC now owns 75,476 shares of the company’s stock valued at $168,000 after acquiring an additional 5,000 shares in the last quarter. Finley Financial LLC boosted its holdings in shares of Laird Superfood by 100.0% in the second quarter. Finley Financial LLC now owns 50,000 shares of the company’s stock valued at $235,000 after acquiring an additional 25,000 shares in the last quarter. Finally, Susquehanna International Group LLP boosted its holdings in shares of Laird Superfood by 29.1% in the third quarter. Susquehanna International Group LLP now owns 47,546 shares of the company’s stock valued at $265,000 after acquiring an additional 10,708 shares in the last quarter. Institutional investors 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.