Equities research analysts at Maxim Group started coverage on shares of Laird Superfood (NYSEAMERICAN:LSF - Get Free Report) in a report issued on Monday,Benzinga reports. The brokerage set a "buy" rating and a $12.00 price target on the stock. Maxim Group's target price would indicate a potential upside of 84.90% from the stock's current price.
Laird Superfood Stock Performance
Shares of LSF opened at $6.49 on Monday. The stock has a 50 day moving average price of $6.49. Laird Superfood has a 1 year low of $3.40 and a 1 year high of $10.90. The stock has a market capitalization of $68.60 million, a price-to-earnings ratio of -64.90 and a beta of 2.22.
Institutional Investors Weigh In On Laird Superfood
A number of institutional investors and hedge funds have recently bought and sold shares of the business. AWM Investment Company Inc. purchased a new stake in Laird Superfood during the first quarter valued at $2,767,000. Renaissance Technologies LLC increased its holdings in Laird Superfood by 20.0% during the 4th quarter. Renaissance Technologies LLC now owns 313,800 shares of the company's stock worth $2,473,000 after purchasing an additional 52,300 shares during the period. Marshall Wace LLP bought a new stake in Laird Superfood during the 4th quarter valued at $1,422,000. Huntleigh Advisors Inc. lifted its holdings in shares of Laird Superfood by 16.8% in the 1st quarter. Huntleigh Advisors Inc. now owns 85,601 shares of the company's stock worth $526,000 after buying an additional 12,332 shares during the period. Finally, Manatuck Hill Partners LLC bought a new position in shares of Laird Superfood during the 4th quarter worth $670,000. 8.56% of the stock is owned by institutional investors.
About Laird Superfood
(
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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.
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