Laird Superfood, Inc. (NYSEAMERICAN:LSF – Get Free Report)’s stock price traded up 15.7% during trading on Tuesday . The company traded as high as $5.20 and last traded at $4.80. 532,438 shares changed hands during trading, an increase of 89% from the average session volume of 281,593 shares. The stock had previously closed at $4.15.
Analyst Ratings Changes
Separately, Roth Mkm restated a “buy” rating and issued a $6.00 target price (up from $4.50) on shares of Laird Superfood in a research report on Thursday, August 8th.
Check Out Our Latest Stock Report on Laird Superfood
Laird Superfood Price Performance
Laird Superfood (NYSEAMERICAN:LSF – Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.07. Laird Superfood had a negative return on equity of 31.42% and a negative net margin of 9.84%. The business had revenue of $10.00 million for the quarter, compared to analyst estimates of $9.70 million. Equities research analysts anticipate that Laird Superfood, Inc. will post -0.15 EPS for the current year.
Institutional Trading of Laird Superfood
A number of hedge funds and other institutional investors have recently modified their holdings of LSF. Renaissance Technologies LLC increased its stake in Laird Superfood by 86.2% in the 2nd quarter. Renaissance Technologies LLC now owns 327,600 shares of the company’s stock valued at $1,841,000 after buying an additional 151,679 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of Laird Superfood in the second quarter valued at approximately $155,000. Virtu Financial LLC bought a new position in shares of Laird Superfood during the first quarter worth approximately $61,000. Finally, XTX Topco Ltd acquired a new stake in Laird Superfood during the 2nd quarter worth approximately $63,000. Institutional investors and hedge funds own 8.56% of the company’s stock.
About Laird Superfood
Laird Superfood, Inc manufactures and markets plant-based natural and functional food in the United States. The company provides powdered and liquid coffee creamers, and hydration and beverage enhancing supplements; hydrate coconut water products; performance mushroom supplements; functional, organic roasted, and instant coffee, tea, hot chocolate products; harvest snacks; and other food items.
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