Canada Pension Plan Investment Board trimmed its position in shares of Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 49.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,000 shares of the company's stock after selling 101,700 shares during the period. Canada Pension Plan Investment Board owned approximately 0.07% of Lightspeed Commerce worth $1,599,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. lifted its stake 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 acquiring an additional 1,025 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Lightspeed Commerce by 27.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,073 shares of the company's stock worth $158,000 after buying an additional 2,168 shares during the last quarter. Scotia Capital Inc. boosted its position in shares of Lightspeed Commerce by 12.0% during the 4th quarter. Scotia Capital Inc. now owns 19,225 shares of the company's stock worth $293,000 after acquiring an additional 2,053 shares in the last quarter. Amundi increased its holdings in shares of Lightspeed Commerce by 20.5% in the 4th quarter. Amundi now owns 22,538 shares of the company's stock valued at $347,000 after acquiring an additional 3,838 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of 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 acquiring an additional 1,276 shares in the last quarter. 68.68% of the stock is currently owned by hedge funds and other institutional investors.
Lightspeed Commerce Price Performance
Shares of NYSE:LSPD opened at $9.87 on Thursday. Lightspeed Commerce Inc. has a 52 week low of $7.34 and a 52 week high of $18.96. The company has a 50-day moving average price of $10.45 and a 200 day moving average price of $13.93. The company has a market cap of $1.51 billion, a P/E ratio of -12.34, a PEG ratio of 3.03 and a beta of 2.52. The company has a quick ratio of 5.99, a current ratio of 6.10 and a debt-to-equity ratio of 0.01.
Lightspeed Commerce (NYSE:LSPD - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.03 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%. Research analysts predict that Lightspeed Commerce Inc. will post 0.08 earnings per share for the current year.
Wall Street Analysts Forecast Growth
LSPD has been the subject of a number of research reports. BMO Capital Markets reduced their price target on shares of Lightspeed Commerce from $15.00 to $14.00 and set an "outperform" rating for the company in a research report on Thursday, March 27th. Wells Fargo & Company decreased their target price on Lightspeed Commerce from $13.00 to $11.00 and set an "equal weight" rating for the company in a research report on Friday, March 28th. Stifel Nicolaus cut their price target on Lightspeed Commerce from $15.00 to $12.00 and set a "hold" rating on the stock in a research report on Friday, March 28th. Royal Bank of Canada decreased their price objective on Lightspeed Commerce from $20.00 to $15.00 and set an "outperform" rating for the company in a report on Tuesday, March 25th. Finally, Scotiabank lowered their target price on shares of Lightspeed Commerce from $19.00 to $17.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $14.84.
View Our Latest Stock Analysis on Lightspeed Commerce
About Lightspeed Commerce
(
Free Report)
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.
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