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

Roth Mkm restated their buy rating on shares of Laird Superfood (NYSEAMERICAN:LSF) in a research note released on Thursday morning,Benzinga reports. Roth Mkm currently has a $12.00 price target on the stock, up from their prior price target of $8.00.

Laird Superfood Trading Up 2.1 %

Shares of NYSEAMERICAN LSF opened at $9.16 on Thursday. The firm has a 50 day moving average price of $1.09. Laird Superfood has a 52 week low of $0.71 and a 52 week high of $9.65. The company has a market cap of $94.16 million, a PE ratio of -65.42 and a beta of 2.20.

Laird Superfood (NYSEAMERICAN:LSF) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.07. The business had revenue of $10.00 million during the quarter, compared to analyst estimates of $9.70 million. Laird Superfood had a negative net margin of 3.13% and a negative return on equity of 13.28%. Analysts predict that Laird Superfood will post -0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Laird Superfood

Several institutional investors and hedge funds have recently added to or reduced their stakes in LSF. XTX Topco Ltd bought a new position in shares of Laird Superfood in the second quarter valued at approximately $63,000. Virtu Financial LLC bought a new position in Laird Superfood in the 1st quarter worth $61,000. Dimensional Fund Advisors LP acquired a new position in Laird Superfood during the 2nd quarter worth $155,000. Finally, Renaissance Technologies LLC lifted its position in Laird Superfood by 86.2% during the 2nd 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 during the last quarter. 8.56% of the stock is currently owned by institutional investors and hedge funds.

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.