Laird Superfood (NYSEAMERICAN:LSF) Receives Buy Rating from Roth Mkm

Laird Superfood (NYSEAMERICAN:LSF)‘s stock had its “buy” rating restated by research analysts at Roth Mkm in a report released on Thursday,Benzinga reports. They presently have a $12.00 price target on the stock, up from their previous price target of $8.00. Roth Mkm’s target price would suggest a potential upside of 29.73% from the company’s current price.

Laird Superfood Stock Performance

Laird Superfood stock traded up $1.88 during midday trading on Thursday, hitting $9.25. 200,981 shares of the company’s stock were exchanged, compared to its average volume of 259,215. Laird Superfood has a 52-week low of $0.71 and a 52-week high of $9.65. The stock’s 50-day moving average price is $1.08. The firm has a market capitalization of $95.09 million, a P/E ratio of -23.37 and a beta of 2.20.

Laird Superfood (NYSEAMERICAN:LSF) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $10.00 million during the quarter, compared to analysts’ expectations of $9.70 million. As a group, research analysts expect that Laird Superfood will post -0.15 earnings per share for the current year.

Institutional Trading of Laird Superfood

Several hedge funds and other institutional investors have recently made changes to their positions in LSF. Renaissance Technologies LLC boosted its stake in shares of Laird Superfood by 86.2% in the 2nd quarter. Renaissance Technologies LLC now owns 327,600 shares of the company’s stock worth $1,841,000 after buying an additional 151,679 shares during the last quarter. Dimensional Fund Advisors LP bought a new position in shares of Laird Superfood in the second quarter worth about $155,000. Virtu Financial LLC purchased a new stake in shares of Laird Superfood during the first quarter worth about $61,000. Finally, XTX Topco Ltd purchased a new position in Laird Superfood in the 2nd quarter worth approximately $63,000. Hedge funds and other institutional investors own 8.56% of the company’s stock.

Laird Superfood Company Profile

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.