Beryl Capital Management LLC Purchases Shares of 104,890 Lightspeed Commerce Inc. (NYSE:LSPD)

Beryl Capital Management LLC purchased a new stake in shares of Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 104,890 shares of the company's stock, valued at approximately $1,597,000. Lightspeed Commerce comprises 0.4% of Beryl Capital Management LLC's investment portfolio, making the stock its 26th largest position. Beryl Capital Management LLC owned approximately 0.07% of Lightspeed Commerce as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. increased its position in shares of Lightspeed Commerce by 214.4% during 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. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Lightspeed Commerce by 27.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,073 shares of the company's stock worth $158,000 after acquiring an additional 2,168 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in shares of Lightspeed Commerce during the 4th quarter valued at approximately $256,000. Scotia Capital Inc. increased its stake in shares of Lightspeed Commerce by 12.0% during the 4th quarter. Scotia Capital Inc. now owns 19,225 shares of the company's stock worth $293,000 after purchasing an additional 2,053 shares during the last quarter. Finally, Amundi grew its holdings in Lightspeed Commerce by 20.5% during the fourth quarter. Amundi now owns 22,538 shares of the company's stock valued at $347,000 after purchasing an additional 3,838 shares during the period. 68.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LSPD has been the subject of several research reports. Bank of America cut their price target on Lightspeed Commerce from $20.00 to $18.00 and set a "buy" rating for the company in a research note on Thursday, March 27th. Scotiabank lowered Lightspeed Commerce from an "outperform" rating to a "sector perform" rating and cut their price target for the stock from $17.00 to $11.00 in a report on Monday, April 28th. Stifel Nicolaus reduced their price target on Lightspeed Commerce from $15.00 to $12.00 and set a "hold" rating for the company in a research report on Friday, March 28th. Morgan Stanley reduced their target price on Lightspeed Commerce from $14.00 to $12.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Finally, 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 research note on Friday, March 28th. One equities research 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.com, the stock presently has an average rating of "Hold" and a consensus price target of $14.29.

Lightspeed Commerce Trading Down 1.2 %

LSPD traded down $0.12 during midday trading on Friday, reaching $9.92. 277,615 shares of the company's stock traded hands, compared to its average volume of 1,064,683. Lightspeed Commerce Inc. has a 52 week low of $7.34 and a 52 week high of $18.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.10 and a quick ratio of 5.99. The firm has a fifty day moving average of $9.75 and a two-hundred day moving average of $13.48. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of -12.40, a P/E/G ratio of 3.03 and a beta of 2.49.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last released 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, equities analysts anticipate 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.