NewGen Asset Management Ltd Has $12.80 Million Position in Lightspeed Commerce Inc. (NYSE:LSPD)

NewGen Asset Management Ltd boosted its position in shares of Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 14.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 840,000 shares of the company's stock after purchasing an additional 105,000 shares during the quarter. Lightspeed Commerce comprises 11.6% of NewGen Asset Management Ltd's holdings, making the stock its 2nd biggest position. NewGen Asset Management Ltd owned 0.55% of Lightspeed Commerce worth $12,796,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. CIBC Asset Management Inc lifted its stake in Lightspeed Commerce by 0.4% in the fourth quarter. CIBC Asset Management Inc now owns 172,182 shares of the company's stock valued at $2,620,000 after buying an additional 679 shares during the period. Addenda Capital Inc. boosted its stake in Lightspeed Commerce by 2.0% during the 4th quarter. Addenda Capital Inc. now owns 46,609 shares of the company's stock worth $710,000 after acquiring an additional 931 shares during the last quarter. Blue Trust Inc. increased its stake in Lightspeed Commerce by 214.4% in the fourth 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 in the last quarter. PNC Financial Services Group Inc. raised 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 worth $370,000 after purchasing an additional 1,276 shares during the period. 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 purchasing an additional 2,053 shares in the last quarter. 68.68% of the stock is currently owned by institutional investors and hedge funds.

Lightspeed Commerce Stock Performance

NYSE LSPD traded up $0.03 on Friday, hitting $9.75. 279,759 shares of the stock were exchanged, compared to its average volume of 986,052. The business's fifty day moving average is $10.04 and its 200 day moving average is $13.69. Lightspeed Commerce Inc. has a 52 week low of $7.34 and a 52 week high of $18.96. The company has a market capitalization of $1.49 billion, a PE ratio of -12.18, a P/E/G ratio of 3.03 and a beta of 2.52. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.10 and a quick ratio of 5.99.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.07). Lightspeed Commerce had a negative net margin of 11.75% and a positive return on equity of 0.61%. Research analysts anticipate that Lightspeed Commerce Inc. will post 0.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on LSPD shares. BMO Capital Markets dropped their price objective on Lightspeed Commerce from $15.00 to $14.00 and set an "outperform" rating on the stock in a research note on Thursday, March 27th. Atb Cap Markets cut Lightspeed Commerce from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 26th. Benchmark lowered their target price on Lightspeed Commerce from $21.00 to $16.00 and set a "buy" rating for the company in a research note on Thursday, March 27th. JPMorgan Chase & Co. restated an "underweight" rating and set a $9.00 target price (down from $10.00) on shares of Lightspeed Commerce in a report on Monday, April 14th. Finally, Stifel Nicolaus reduced their price target on shares of Lightspeed Commerce from $15.00 to $12.00 and set a "hold" rating for the company in a report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Lightspeed Commerce currently has a consensus rating of "Hold" and an average price target of $14.29.

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.