Palogic Value Management L.P. Sells 39,071 Shares of Lightspeed Commerce Inc. (NYSE:LSPD)

Palogic Value Management L.P. trimmed its holdings in shares of Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 31.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,929 shares of the company's stock after selling 39,071 shares during the quarter. Palogic Value Management L.P. owned approximately 0.06% of Lightspeed Commerce worth $1,309,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LSPD. Blue Trust Inc. boosted its holdings in 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 purchasing an additional 1,025 shares during the last quarter. Toronto Dominion Bank boosted its holdings in Lightspeed Commerce by 153.4% in the third 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. Amundi grew its holdings 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 purchasing an additional 3,838 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Lightspeed Commerce by 5.5% during the fourth 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 during the last quarter. Finally, Polar Asset Management Partners Inc. purchased a new stake in shares of Lightspeed Commerce in the third quarter valued at about $412,000. 68.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on LSPD. Barclays reduced their price target on Lightspeed Commerce from $18.00 to $15.00 and set an "equal weight" rating for the company in a report on Friday, February 7th. Scotiabank cut their price target on Lightspeed Commerce from $19.00 to $17.00 and set a "sector outperform" rating for the company in a report on Tuesday. Royal Bank of Canada cut their price objective on shares of Lightspeed Commerce from $20.00 to $15.00 and set an "outperform" rating for the company in a research report on Tuesday. Wells Fargo & Company lowered their price objective on Lightspeed Commerce from $16.00 to $13.00 and set an "equal weight" rating for the company in a research report on Friday, February 7th. Finally, Piper Sandler dropped their target price on Lightspeed Commerce from $17.00 to $13.00 and set a "neutral" rating for the company in a research note on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $17.89.

Lightspeed Commerce Stock Performance

Lightspeed Commerce stock traded up $0.09 during mid-day trading on Tuesday, reaching $10.07. The company had a trading volume of 2,475,489 shares, compared to its average volume of 917,996. Lightspeed Commerce Inc. has a 52 week low of $9.90 and a 52 week high of $18.96. The company has a quick ratio of 5.99, a current ratio of 6.10 and a debt-to-equity ratio of 0.01. The company has a 50 day moving average of $12.93 and a 200-day moving average of $14.81. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of -12.59, a PEG ratio of 3.03 and a beta of 2.44.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last announced its 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 positive return on equity of 0.61% and a negative net margin of 11.75%. On average, sell-side 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.