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

Moloney Securities Asset Management LLC bought a new position in Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 48,954 shares of the company's stock, valued at approximately $428,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its holdings in Lightspeed Commerce by 5.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 24,296 shares of the company's stock valued at $370,000 after acquiring an additional 1,276 shares in the last quarter. Amundi lifted its position 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 buying an additional 3,838 shares during the period. AGF Management Ltd. purchased a new position in Lightspeed Commerce during the fourth quarter valued at $1,295,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in Lightspeed Commerce by 266.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,356,600 shares of the company's stock valued at $20,660,000 after buying an additional 986,100 shares during the period. Finally, Intact Investment Management Inc. lifted its position in Lightspeed Commerce by 94.5% during the fourth quarter. Intact Investment Management Inc. now owns 1,707,257 shares of the company's stock valued at $26,031,000 after buying an additional 829,577 shares during the period. Institutional investors own 68.68% of the company's stock.

Lightspeed Commerce Stock Performance

Shares of Lightspeed Commerce stock traded up $0.17 during trading hours on Monday, reaching $11.65. 307,328 shares of the stock traded hands, compared to its average volume of 911,854. The company has a 50 day moving average price of $11.06 and a 200 day moving average price of $11.68. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of -2.66, a P/E/G ratio of 3.64 and a beta of 2.48. Lightspeed Commerce Inc. has a one year low of $7.34 and a one year high of $18.96. The company has a quick ratio of 5.26, a current ratio of 5.36 and a debt-to-equity ratio of 0.01.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $252.51 million. During the same period in the prior year, the firm posted $0.06 earnings per share. The firm's revenue for the quarter was up 10.1% on a year-over-year basis. On average, equities research analysts expect that Lightspeed Commerce Inc. will post 0.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

LSPD has been the subject of several recent research reports. Truist Financial initiated coverage on Lightspeed Commerce in a research report on Monday, June 2nd. They set a "hold" rating and a $11.00 price objective for the company. BMO Capital Markets lowered their price target on Lightspeed Commerce from $15.00 to $14.00 and set an "outperform" rating for the company in a research report on Thursday, March 27th. Wells Fargo & Company lowered their price target on Lightspeed Commerce from $13.00 to $11.00 and set an "equal weight" rating for the company in a research report on Friday, March 28th. Piper Sandler lowered their price target on Lightspeed Commerce from $13.00 to $11.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Finally, Scotiabank lowered their price target on Lightspeed Commerce from $11.00 to $10.00 and set a "sector perform" rating for the company in a research report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $14.04.

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.