PCJ Investment Counsel Ltd. raised its position in Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 33.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,060 shares of the company's stock after purchasing an additional 31,060 shares during the quarter. PCJ Investment Counsel Ltd. owned approximately 0.08% of Lightspeed Commerce worth $1,874,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of LSPD. Blue Trust Inc. grew its stake in shares of Lightspeed Commerce by 214.4% in the 4th quarter. Blue Trust Inc. now owns 1,503 shares of the company's stock valued at $25,000 after buying an additional 1,025 shares in the last quarter. Aigen Investment Management LP acquired a new position in shares of Lightspeed Commerce during the 3rd quarter worth $225,000. Toronto Dominion Bank raised its holdings in shares of Lightspeed Commerce by 153.4% during the 3rd quarter. Toronto Dominion Bank now owns 17,408 shares of the company's stock valued at $287,000 after purchasing an additional 10,538 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings 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 valued at $370,000 after purchasing an additional 1,276 shares in the last quarter. Finally, Polar Asset Management Partners Inc. acquired a new stake in shares of Lightspeed Commerce in the 3rd quarter valued at $412,000. Hedge funds and other institutional investors own 68.68% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on LSPD shares. Barclays cut their target price on Lightspeed Commerce from $18.00 to $15.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. Bank of America initiated coverage on Lightspeed Commerce in a report on Wednesday, February 19th. They issued a "buy" rating and a $20.00 target price for the company. UBS Group lowered their price target on Lightspeed Commerce from $17.00 to $14.50 and set a "neutral" rating on the stock in a report on Friday, February 7th. Piper Sandler reduced their price objective on shares of Lightspeed Commerce from $17.00 to $13.00 and set a "neutral" rating for the company in a research note on Thursday, February 6th. Finally, Wells Fargo & Company lowered their target price on shares of Lightspeed Commerce from $16.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. Eight 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 stock. According to data from MarketBeat, Lightspeed Commerce has a consensus rating of "Moderate Buy" and a consensus price target of $18.39.
Get Our Latest Stock Analysis on Lightspeed Commerce
Lightspeed Commerce Stock Performance
NYSE:LSPD opened at $11.42 on Friday. The firm has a market capitalization of $1.75 billion, a PE ratio of -14.27, a price-to-earnings-growth ratio of 3.03 and a beta of 2.44. 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 Inc. has a 12-month low of $11.01 and a 12-month high of $18.96. The firm has a 50-day moving average price of $14.07 and a 200 day moving average price of $14.99.
Lightspeed Commerce (NYSE:LSPD - Get Free Report) last issued its 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 positive return on equity of 0.61% and a negative net margin of 11.75%. Research analysts anticipate that Lightspeed Commerce Inc. will post 0.08 earnings per share for the current fiscal year.
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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