Several other research analysts have also recently issued reports on LSF. Canaccord Genuity Group cut their price target on shares of Laird Superfood from $17.00 to $12.00 and set a buy rating for the company in a report on Wednesday, March 9th. Canaccord Genuity Group dropped their target price on shares of Laird Superfood from $17.00 to $12.00 in a report on Wednesday, March 9th. Finally, Zacks Investment Research raised shares of Laird Superfood from a sell rating to a hold rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Laird Superfood has an average rating of Buy and an average price target of $17.83.
LSF stock traded up $0.41 during trading on Friday, hitting $2.61. The stock had a trading volume of 265,174 shares, compared to its average volume of 122,190. The stock has a market cap of $23.72 million, a PE ratio of -0.73 and a beta of 1.00. The business’s fifty day moving average price is $3.10 and its 200-day moving average price is $8.59.
In other Laird Superfood news, Director Gregory B. Graves bought 15,000 shares of Laird Superfood stock in a transaction that occurred on Tuesday, March 15th. The shares were acquired at an average price of $3.00 per share, for a total transaction of $45,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 10.60% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Prescott Group Capital Management L.L.C. grew its stake in Laird Superfood by 304.9% in the first quarter. Prescott Group Capital Management L.L.C. now owns 220,760 shares of the company’s stock worth $797,000 after purchasing an additional 166,240 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Laird Superfood by 32.1% in the 3rd quarter. BlackRock Inc. now owns 666,792 shares of the company’s stock valued at $12,721,000 after acquiring an additional 162,076 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Laird Superfood during the 1st quarter valued at approximately $489,000. Putnam Investments LLC lifted its stake in Laird Superfood by 26.8% during the third quarter. Putnam Investments LLC now owns 219,143 shares of the company’s stock worth $4,182,000 after purchasing an additional 46,356 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Laird Superfood by 25.2% in the fourth quarter. Geode Capital Management LLC now owns 83,697 shares of the company’s stock worth $1,091,000 after purchasing an additional 16,844 shares during the period. 30.79% of the stock is currently owned by hedge funds and other institutional investors.
About Laird Superfood (Get Rating)
Laird Superfood, Inc manufactures and markets plant-based natural and functional food in the United States. It offers powdered and liquid coffee creamers, and hydration and beverage enhancing supplements; hydrate coconut water products, activate daily jumpstart products, activate prebiotic daily greens, renew plant-based proteins, and performance mushroom supplements; coffee, tea, hot chocolate products; and Pili nuts and Harvest dates.
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