NewGen Asset Management Ltd Has $12.80 Million Stock Holdings in Lightspeed Commerce Inc. (NYSE:LSPD)

NewGen Asset Management Ltd increased its holdings in Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 14.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 840,000 shares of the company's stock after buying an additional 105,000 shares during the period. Lightspeed Commerce accounts for approximately 11.6% of NewGen Asset Management Ltd's portfolio, making the stock its 2nd largest holding. NewGen Asset Management Ltd owned approximately 0.55% of Lightspeed Commerce worth $12,796,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of Lightspeed Commerce by 214.4% during the fourth quarter. Blue Trust Inc. now owns 1,503 shares of the company's stock valued at $25,000 after acquiring an additional 1,025 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Lightspeed Commerce by 27.4% during 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 in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Lightspeed Commerce during the fourth quarter valued at $256,000. Scotia Capital Inc. boosted its position in shares of Lightspeed Commerce by 12.0% during the fourth quarter. Scotia Capital Inc. now owns 19,225 shares of the company's stock valued at $293,000 after buying an additional 2,053 shares during the last quarter. Finally, Amundi boosted its position in Lightspeed Commerce by 20.5% in the fourth quarter. Amundi now owns 22,538 shares of the company's stock worth $347,000 after purchasing an additional 3,838 shares during the last quarter. Hedge funds and other institutional investors own 68.68% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Benchmark cut their price objective on Lightspeed Commerce from $21.00 to $16.00 and set a "buy" rating for the company in a research note on Thursday, March 27th. Atb Cap Markets cut shares of Lightspeed Commerce from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 26th. UBS Group dropped their target price on shares of Lightspeed Commerce from $17.00 to $14.50 and set a "neutral" rating for the company in a research report on Friday, February 7th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $9.00 price target (down previously from $10.00) on shares of Lightspeed Commerce in a research note on Monday, April 14th. Finally, BMO Capital Markets cut their target price on shares of Lightspeed Commerce from $15.00 to $14.00 and set an "outperform" rating on the stock in a research report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $14.29.

Lightspeed Commerce Trading Down 1.7 %

Lightspeed Commerce stock traded down $0.17 during midday trading on Tuesday, reaching $10.02. The stock had a trading volume of 561,271 shares, compared to its average volume of 989,795. The firm's fifty day simple moving average is $10.18 and its two-hundred day simple moving average is $13.76. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.10 and a quick ratio of 5.99. Lightspeed Commerce Inc. has a twelve month low of $7.34 and a twelve month high of $18.96. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of -12.52, a PEG ratio of 3.03 and a beta of 2.52.

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 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%. Equities analysts anticipate 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.