Laird Superfood (NYSEAMERICAN:LSF) Given “Buy” Rating at Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of Laird Superfood (NYSEAMERICAN:LSF) in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a $12.00 target price on the stock, up from their prior target price of $8.00.

Laird Superfood Stock Up 0.1 %

LSF traded up $0.01 during trading on Thursday, hitting $8.98. The stock had a trading volume of 126,163 shares, compared to its average volume of 259,417. The company has a market capitalization of $92.31 million, a price-to-earnings ratio of -22.42 and a beta of 2.20. The business has a 50-day moving average of $1.08. Laird Superfood has a twelve month low of $0.71 and a twelve month high of $9.65.

Laird Superfood (NYSEAMERICAN:LSF) last posted its earnings results 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. The firm had revenue of $10.00 million during the quarter, compared to the consensus estimate of $9.70 million. Laird Superfood had a negative net margin of 9.84% and a negative return on equity of 31.42%. As a group, analysts predict that Laird Superfood will post -0.15 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its holdings in shares of Laird Superfood by 86.2% in the second quarter. Renaissance Technologies LLC now owns 327,600 shares of the company’s stock worth $1,841,000 after acquiring an additional 151,679 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in Laird Superfood during the 2nd quarter worth about $155,000. Virtu Financial LLC acquired a new stake in Laird Superfood during the first quarter worth approximately $61,000. Finally, XTX Topco Ltd acquired a new stake in Laird Superfood in the second quarter valued at approximately $63,000. 8.56% of the stock is owned by institutional investors.

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.