AGF Management Ltd. Purchases Shares of 84,951 Lightspeed Commerce Inc. (NYSE:LSPD)

AGF Management Ltd. acquired 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 Form 13F filing with the SEC. The firm acquired 84,951 shares of the company's stock, valued at approximately $1,295,000. AGF Management Ltd. owned approximately 0.06% of Lightspeed Commerce as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CIBC Asset Management Inc lifted its holdings in Lightspeed Commerce by 0.4% during the 4th quarter. CIBC Asset Management Inc now owns 172,182 shares of the company's stock worth $2,620,000 after buying an additional 679 shares during the period. Addenda Capital Inc. lifted its holdings in Lightspeed Commerce by 2.0% during the 4th quarter. Addenda Capital Inc. now owns 46,609 shares of the company's stock worth $710,000 after buying an additional 931 shares during the period. Blue Trust Inc. lifted its holdings in Lightspeed Commerce by 214.4% during the 4th quarter. Blue Trust Inc. now owns 1,503 shares of the company's stock worth $25,000 after buying an additional 1,025 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Lightspeed Commerce by 5.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 24,296 shares of the company's stock worth $370,000 after buying an additional 1,276 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its holdings in Lightspeed Commerce by 1.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 229,612 shares of the company's stock worth $3,497,000 after buying an additional 2,231 shares during the period. 68.68% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several brokerages have commented on LSPD. Wells Fargo & Company cut their target price on Lightspeed Commerce from $16.00 to $13.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. Scotiabank lowered their price objective on Lightspeed Commerce from $21.00 to $19.00 and set a "sector outperform" rating for the company in a research report on Friday, February 7th. Bank of America started coverage on Lightspeed Commerce in a research report on Wednesday, February 19th. They issued a "buy" rating and a $20.00 price objective for the company. Barclays lowered their price objective on Lightspeed Commerce from $18.00 to $15.00 and set an "equal weight" rating for the company in a research report on Friday, February 7th. Finally, Piper Sandler lowered their price objective on Lightspeed Commerce from $17.00 to $13.00 and set a "neutral" rating for the company in a research report on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.39.

Lightspeed Commerce Stock Down 0.3 %

Lightspeed Commerce stock traded down $0.04 during midday trading on Wednesday, reaching $10.47. The stock had a trading volume of 1,063,603 shares, compared to its average volume of 913,010. The company has a market capitalization of $1.60 billion, a P/E ratio of -13.08, a PEG ratio of 3.03 and a beta of 2.44. The company has a current ratio of 6.10, a quick ratio of 5.99 and a debt-to-equity ratio of 0.01. Lightspeed Commerce Inc. has a 12 month low of $10.20 and a 12 month high of $18.96. The company has a fifty day moving average price of $13.30 and a two-hundred day moving average price of $14.88.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. As a group, equities analysts expect that Lightspeed Commerce Inc. will post 0.08 EPS for the current fiscal year.

Lightspeed Commerce Profile

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.