37,080 Shares in Lightspeed Commerce Inc. (NYSE:LSPD) Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new stake in shares of Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 37,080 shares of the company's stock, valued at approximately $565,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Blue Trust Inc. boosted its stake in shares of Lightspeed Commerce by 214.4% in the fourth quarter. Blue Trust Inc. now owns 1,503 shares of the company's stock valued at $25,000 after purchasing an additional 1,025 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Lightspeed Commerce by 27.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,073 shares of the company's stock valued at $158,000 after acquiring an additional 2,168 shares during the period. Toronto Dominion Bank grew its stake in Lightspeed Commerce by 153.4% during the 3rd quarter. Toronto Dominion Bank now owns 17,408 shares of the company's stock worth $287,000 after buying an additional 10,538 shares during the last quarter. Amundi grew its position in shares of Lightspeed Commerce by 20.5% during the fourth quarter. Amundi now owns 22,538 shares of the company's stock worth $347,000 after acquiring an additional 3,838 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Lightspeed Commerce by 5.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 24,296 shares of the company's stock worth $370,000 after purchasing an additional 1,276 shares during the last quarter. Hedge funds and other institutional investors own 68.68% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on LSPD shares. Scotiabank lowered their price target on Lightspeed Commerce from $19.00 to $17.00 and set a "sector outperform" rating on the stock in a report on Tuesday, March 25th. Wells Fargo & Company reduced their target price on Lightspeed Commerce from $13.00 to $11.00 and set an "equal weight" rating for the company in a report on Friday, March 28th. BMO Capital Markets reduced their target price on Lightspeed Commerce from $15.00 to $14.00 and set an "outperform" rating for the company in a report on Thursday, March 27th. Atb Cap Markets downgraded Lightspeed Commerce from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 26th. Finally, Morgan Stanley dropped their price target on shares of Lightspeed Commerce from $17.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Friday, March 28th. Eleven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $15.09.

Lightspeed Commerce Trading Up 3.6 %

LSPD traded up $0.32 during mid-day trading on Friday, reaching $9.15. The stock had a trading volume of 1,360,361 shares, compared to its average volume of 963,995. The firm's fifty day simple moving average is $11.09 and its two-hundred day simple moving average is $14.29. The stock has a market capitalization of $1.40 billion, a P/E ratio of -11.43, a P/E/G ratio of 3.03 and a beta of 2.52. Lightspeed Commerce Inc. has a 52 week low of $7.34 and a 52 week high of $18.96. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.99 and a current ratio of 6.10.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.07). Lightspeed Commerce had a negative net margin of 11.75% and a positive return on equity of 0.61%. On average, equities analysts predict that Lightspeed Commerce Inc. will post 0.08 EPS for the current year.

About Lightspeed Commerce

Lightspeed Commerce Inc engages in sale of cloud-based software subscriptions and payments solutions for small and midsize businesses, retailers, restaurants, and golf course operators in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally. Its Software as a Service platform enables customers to engage with consumers, manage operations, accept payments, etc.