63,296 Shares in Lightspeed Commerce Inc. (NYSE:LSPD) Bought by Norges Bank

Norges Bank bought a new position in Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 63,296 shares of the company's stock, valued at approximately $964,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. State Street Corp increased its holdings in shares of Lightspeed Commerce by 29.1% in the 3rd quarter. State Street Corp now owns 353,472 shares of the company's stock worth $5,829,000 after acquiring an additional 79,696 shares during the period. PCJ Investment Counsel Ltd. increased its stake in shares of Lightspeed Commerce by 33.8% in the fourth quarter. PCJ Investment Counsel Ltd. now owns 123,060 shares of the company's stock valued at $1,874,000 after purchasing an additional 31,060 shares during the period. NINE MASTS CAPITAL Ltd bought a new stake in shares of Lightspeed Commerce during the fourth quarter valued at approximately $579,000. AGF Management Ltd. acquired a new position in shares of Lightspeed Commerce during the fourth quarter worth approximately $1,295,000. Finally, Intact Investment Management Inc. grew its holdings in Lightspeed Commerce by 94.5% in the 4th quarter. Intact Investment Management Inc. now owns 1,707,257 shares of the company's stock worth $26,031,000 after buying an additional 829,577 shares in the last quarter. 68.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on LSPD. Barclays reduced their price target on Lightspeed Commerce from $15.00 to $13.00 and set an "equal weight" rating for the company in a research report on Friday, March 28th. Wells Fargo & Company reduced their price objective on shares of Lightspeed Commerce from $13.00 to $11.00 and set an "equal weight" rating for the company in a report on Friday, March 28th. Morgan Stanley dropped their price target on shares of Lightspeed Commerce from $14.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Piper Sandler decreased their price objective on shares of Lightspeed Commerce from $13.00 to $11.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. Finally, BMO Capital Markets dropped their target price on Lightspeed Commerce from $15.00 to $14.00 and set an "outperform" rating on the stock in a report on Thursday, March 27th. One analyst has rated the stock with a sell rating, ten have assigned 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.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $14.91.

Lightspeed Commerce Stock Up 1.6 %

NYSE:LSPD traded up $0.15 during trading hours on Thursday, hitting $9.31. 295,592 shares of the stock traded hands, compared to its average volume of 964,857. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of -11.64, a PEG ratio of 3.03 and a beta of 2.52. The firm has a 50 day moving average price of $10.84 and a 200 day moving average price of $14.17. 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 fifty-two week low of $7.34 and a fifty-two week high of $18.96.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Equities research analysts anticipate that Lightspeed Commerce Inc. will post 0.08 earnings per share for the current 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.