Roth Mkm Reaffirms Buy Rating for Laird Superfood (NYSEAMERICAN:LSF)

Roth Mkm restated their buy rating on shares of Laird Superfood (NYSEAMERICAN:LSF) in a report released on Thursday,Benzinga reports. They currently have a $12.00 price target on the stock, up from their previous price target of $8.00.

Laird Superfood Trading Up 0.1 %

NYSEAMERICAN LSF traded up $0.01 during trading hours on Thursday, hitting $8.98. 126,163 shares of the company were exchanged, compared to its average volume of 259,417. The stock has a market capitalization of $92.31 million, a PE ratio of -22.42 and a beta of 2.20. The stock has a 50-day moving average price of $1.08. Laird Superfood has a 52 week low of $0.71 and a 52 week high of $9.65.

Laird Superfood (NYSEAMERICAN:LSF) last issued its quarterly earnings data 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 firm had revenue of $10.00 million during the quarter, compared to analyst estimates of $9.70 million. As a group, analysts expect that Laird Superfood will post -0.15 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in Laird Superfood in the 1st quarter valued at approximately $61,000. Dimensional Fund Advisors LP acquired a new stake in shares of Laird Superfood during the second quarter worth about $155,000. Renaissance Technologies LLC boosted its stake in shares of Laird Superfood by 86.2% during the second 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 period. Finally, XTX Topco Ltd purchased a new position in Laird Superfood during the second quarter worth about $63,000. 8.56% of the stock is owned by hedge funds and other 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.