Lightspeed Commerce Inc. (NYSE:LSPD) Holdings Raised by Amundi

Amundi grew its stake in shares of Lightspeed Commerce Inc. (NYSE:LSPD) by 20.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,538 shares of the company’s stock after purchasing an additional 3,838 shares during the period. Amundi’s holdings in Lightspeed Commerce were worth $347,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. PCJ Investment Counsel Ltd. lifted its holdings in shares of Lightspeed Commerce by 33.8% during 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 last quarter. PNC Financial Services Group Inc. raised its position in Lightspeed Commerce by 5.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 24,296 shares of the company’s stock valued at $370,000 after buying an additional 1,276 shares during the period. NINE MASTS CAPITAL Ltd acquired a new position in Lightspeed Commerce during the fourth quarter valued at $579,000. Alberta Investment Management Corp raised its position in Lightspeed Commerce by 45.5% during the fourth quarter. Alberta Investment Management Corp now owns 150,300 shares of the company’s stock valued at $2,291,000 after buying an additional 47,000 shares during the period. Finally, CIBC Asset Management Inc raised its position in Lightspeed Commerce by 0.4% during the fourth quarter. CIBC Asset Management Inc now owns 172,182 shares of the company’s stock valued at $2,620,000 after buying an additional 679 shares during the period. 68.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Wells Fargo & Company dropped their price target on Lightspeed Commerce from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Barclays dropped their price target on Lightspeed Commerce from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Bank of America assumed coverage on Lightspeed Commerce in a research report on Wednesday, February 19th. They set a “buy” rating and a $20.00 price target on the stock. UBS Group dropped their price target on Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating on the stock in a research report on Friday, February 7th. Finally, Scotiabank dropped their price target on Lightspeed Commerce from $21.00 to $19.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 7th. Eight research 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 company’s stock. According to data from MarketBeat, Lightspeed Commerce currently has an average rating of “Moderate Buy” and a consensus target price of $18.39.

Lightspeed Commerce Stock Performance

LSPD opened at $10.63 on Friday. The company has a market cap of $1.63 billion, a PE ratio of -13.28, a price-to-earnings-growth ratio of 3.03 and a beta of 2.44. The stock has a 50-day moving average of $13.02 and a 200-day moving average of $14.80. Lightspeed Commerce Inc. has a 52-week low of $10.20 and a 52-week high of $18.96. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.99 and a current ratio of 6.10.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings results 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%. As a group, equities research analysts forecast that Lightspeed Commerce Inc. will post 0.08 earnings per share 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.