Moloney Securities Asset Management LLC Takes $428,000 Position in Lightspeed Commerce Inc. (NYSE:LSPD)

Moloney Securities Asset Management LLC purchased a new position in shares of Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 48,954 shares of the company's stock, valued at approximately $428,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in LSPD. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Lightspeed Commerce by 27.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,073 shares of the company's stock valued at $158,000 after acquiring an additional 2,168 shares during the period. Bayesian Capital Management LP acquired a new stake in Lightspeed Commerce in the 4th quarter valued at approximately $165,000. Susquehanna Fundamental Investments LLC purchased a new stake in Lightspeed Commerce in the fourth quarter valued at approximately $256,000. Twinbeech Capital LP acquired a new position in Lightspeed Commerce during the fourth quarter worth $261,000. Finally, Scotia Capital Inc. boosted its position in shares of Lightspeed Commerce by 12.0% during the fourth quarter. Scotia Capital Inc. now owns 19,225 shares of the company's stock worth $293,000 after buying an additional 2,053 shares during the period. Institutional investors and hedge funds own 68.68% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Barclays cut their price objective on Lightspeed Commerce from $13.00 to $12.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. National Bankshares reduced their price target on shares of Lightspeed Commerce from $15.00 to $13.10 and set a "sector perform" rating on the stock in a research report on Friday, April 25th. BMO Capital Markets lowered their price objective on shares of Lightspeed Commerce from $15.00 to $14.00 and set an "outperform" rating for the company in a research note on Thursday, March 27th. Benchmark dropped their price objective on shares of Lightspeed Commerce from $21.00 to $16.00 and set a "buy" rating for the company in a report on Thursday, March 27th. Finally, Scotiabank reduced 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. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $14.04.

Lightspeed Commerce Stock Performance

Shares of LSPD stock opened at $11.73 on Friday. The company has a market cap of $1.72 billion, a P/E ratio of -2.68, a PEG ratio of 3.76 and a beta of 2.48. The firm has a fifty day moving average price of $11.02 and a 200 day moving average price of $11.77. The company has a current ratio of 5.36, a quick ratio of 5.26 and a debt-to-equity ratio of 0.01. Lightspeed Commerce Inc. has a 12 month low of $7.34 and a 12 month high of $18.96.

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 (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). Lightspeed Commerce had a positive return on equity of 0.79% and a negative net margin of 61.96%. The business had revenue of $253.42 million for the quarter, compared to analyst estimates of $252.51 million. During the same period in the prior year, the company posted $0.06 earnings per share. The company's revenue was up 10.1% compared to the same quarter last year. Sell-side analysts predict that Lightspeed Commerce Inc. will post 0.08 earnings per share for the current fiscal year.

Lightspeed Commerce Company 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.

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