AWM Investment Company Inc. Invests $2.77 Million in Laird Superfood, Inc. $LSF

Key Points

• AWM Investment Company Inc. acquired 449,892 shares of Laird Superfood, valued at approximately $2.77 million, making up 4.37% of the company’s total shares.
• Analysts have raised Laird Superfood's rating to "strong-buy" and set an average price target of $12.00 per share after recent positive assessments.
• Laird Superfood stock currently trades at $5.70, with a market cap of $60.76 million, and has seen a 52-week price range from $3.40 to $10.90.

AWM Investment Company Inc. purchased a new position in Laird Superfood, Inc. (NYSEAMERICAN:LSF - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 449,892 shares of the company's stock, valued at approximately $2,767,000. AWM Investment Company Inc. owned 4.37% of Laird Superfood at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LSF. Citadel Advisors LLC acquired a new position in Laird Superfood in the 4th quarter valued at approximately $234,000. Cubist Systematic Strategies LLC boosted its holdings in Laird Superfood by 99.2% in the 4th quarter. Cubist Systematic Strategies LLC now owns 26,493 shares of the company's stock valued at $209,000 after purchasing an additional 13,193 shares during the period. Two Sigma Investments LP boosted its holdings in Laird Superfood by 17.1% in the 4th quarter. Two Sigma Investments LP now owns 68,137 shares of the company's stock valued at $537,000 after purchasing an additional 9,944 shares during the period. Huntleigh Advisors Inc. boosted its holdings in Laird Superfood by 16.8% in the 1st quarter. Huntleigh Advisors Inc. now owns 85,601 shares of the company's stock valued at $526,000 after purchasing an additional 12,332 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in shares of Laird Superfood by 7.1% during the 1st quarter. HighTower Advisors LLC now owns 75,471 shares of the company's stock worth $464,000 after acquiring an additional 4,975 shares during the period. 8.56% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on LSF shares. Craig Hallum upgraded shares of Laird Superfood to a "strong-buy" rating in a research report on Thursday, July 10th. Maxim Group upgraded shares of Laird Superfood to a "strong-buy" rating and set a $12.00 price target for the company in a research report on Monday, June 30th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Strong Buy" and an average price target of $12.00.

Laird Superfood Stock Up 0.5%

NYSEAMERICAN LSF traded up $0.03 on Friday, hitting $5.75. 31,502 shares of the company traded hands, compared to its average volume of 47,646. The firm has a market cap of $61.30 million, a P/E ratio of -52.27 and a beta of 2.17. The business has a 50 day simple moving average of $6.41. Laird Superfood, Inc. has a 52-week low of $3.40 and a 52-week high of $10.90.

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.