Palogic Value Management L.P. Decreases Stock Holdings in Lightspeed Commerce Inc. (NYSE:LSPD)

Palogic Value Management L.P. decreased its holdings in Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 31.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,929 shares of the company's stock after selling 39,071 shares during the quarter. Palogic Value Management L.P. owned 0.06% of Lightspeed Commerce worth $1,309,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Lightspeed Commerce by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 5,333,306 shares of the company's stock valued at $81,319,000 after purchasing an additional 70,324 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Lightspeed Commerce by 37,065.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,181,809 shares of the company's stock valued at $63,688,000 after purchasing an additional 4,170,557 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in Lightspeed Commerce by 0.8% during the fourth quarter. Nuveen Asset Management LLC now owns 3,149,919 shares of the company's stock valued at $48,009,000 after purchasing an additional 24,891 shares in the last quarter. Bank of Montreal Can lifted its holdings in Lightspeed Commerce by 1.1% during the fourth quarter. Bank of Montreal Can now owns 2,022,590 shares of the company's stock valued at $30,803,000 after purchasing an additional 21,357 shares in the last quarter. Finally, Intact Investment Management Inc. lifted its holdings in shares of Lightspeed Commerce by 94.5% in the fourth 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. Hedge funds and other institutional investors own 68.68% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Scotiabank lowered their target price on shares of Lightspeed Commerce from $11.00 to $10.00 and set a "sector perform" rating on the stock in a report on Friday, May 23rd. Royal Bank of Canada reduced their price target on shares of Lightspeed Commerce from $20.00 to $15.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 25th. Stifel Nicolaus reduced their price target on shares of Lightspeed Commerce from $15.00 to $12.00 and set a "hold" rating on the stock in a research report on Friday, March 28th. Atb Cap Markets cut shares of Lightspeed Commerce from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Finally, JPMorgan Chase & Co. restated an "underweight" rating and issued a $9.00 price target (down previously from $10.00) on shares of Lightspeed Commerce in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $14.23.

Lightspeed Commerce Stock Down 1.8%

NYSE:LSPD traded down $0.19 during mid-day trading on Friday, reaching $10.49. The company's stock had a trading volume of 531,189 shares, compared to its average volume of 919,221. Lightspeed Commerce Inc. has a 1 year low of $7.34 and a 1 year high of $18.96. The stock has a fifty day moving average of $9.70 and a 200-day moving average of $12.84. The firm has a market capitalization of $1.60 billion, a PE ratio of -13.11, a price-to-earnings-growth ratio of 3.03 and a beta of 2.49. The company has a quick ratio of 5.99, a current ratio of 6.10 and a debt-to-equity ratio of 0.01.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). Lightspeed Commerce had a positive return on equity of 0.61% and a negative net margin of 11.75%. The business had revenue of $253.42 million during the quarter, compared to analysts' expectations of $252.51 million. During the same period last year, the company earned $0.06 earnings per share. The firm's revenue was up 10.1% compared to the same quarter last year. Equities research analysts forecast 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.