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

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

Several other hedge funds have also recently modified their holdings of LSPD. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in 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 worth $158,000 after purchasing an additional 2,168 shares in the last quarter. Bayesian Capital Management LP purchased a new position in shares of Lightspeed Commerce during the 4th quarter valued at approximately $165,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Lightspeed Commerce during the 4th quarter valued at approximately $256,000. Twinbeech Capital LP purchased a new position in shares of Lightspeed Commerce during the 4th quarter valued at approximately $261,000. Finally, Scotia Capital Inc. lifted its position 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 valued at $293,000 after buying an additional 2,053 shares in the last quarter. Institutional investors and hedge funds own 68.68% of the company's stock.

Lightspeed Commerce Trading Down 2.2%

Shares of Lightspeed Commerce stock traded down $0.26 during trading hours on Friday, reaching $11.48. The stock had a trading volume of 293,614 shares, compared to its average volume of 914,318. The firm has a 50 day simple moving average of $11.02 and a two-hundred day simple moving average of $11.77. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 106.73, a P/E/G ratio of 3.72 and a beta of 2.48. 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 1 year low of $7.34 and a 1 year 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 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). The firm had revenue of $253.42 million during the quarter, compared to analysts' expectations of $252.51 million. Lightspeed Commerce had a positive return on equity of 0.79% and a negative net margin of 61.96%. The business's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.06 earnings per share. As a group, equities research analysts anticipate that Lightspeed Commerce Inc. will post 0.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LSPD. Morgan Stanley decreased their target price on Lightspeed Commerce from $14.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Atb Cap Markets lowered Lightspeed Commerce from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Royal Bank Of Canada decreased their price objective on Lightspeed Commerce from $20.00 to $15.00 and set an "outperform" rating on the stock in a report on Tuesday, March 25th. Barclays decreased 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. Finally, Benchmark decreased their price objective on Lightspeed Commerce from $21.00 to $16.00 and set a "buy" rating on the stock in a report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $14.04.

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.