Triasima Portfolio Management inc. Invests $1.65 Million in Lightspeed Commerce Inc. (NYSE:LSPD)

Triasima Portfolio Management inc. purchased a new position in Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 78,576 shares of the company's stock, valued at approximately $1,653,000. Triasima Portfolio Management inc. owned approximately 0.05% of Lightspeed Commerce at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LSPD. PNC Financial Services Group Inc. lifted its holdings in shares of Lightspeed Commerce by 112.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,299 shares of the company's stock worth $40,000 after acquiring an additional 688 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Lightspeed Commerce by 2,570.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,006 shares of the company's stock valued at $56,000 after buying an additional 3,856 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in Lightspeed Commerce by 53.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 4,553 shares of the company's stock valued at $64,000 after buying an additional 1,582 shares during the last quarter. Captrust Financial Advisors raised its holdings in Lightspeed Commerce by 24.1% during the 2nd quarter. Captrust Financial Advisors now owns 2,975 shares of the company's stock valued at $66,000 after buying an additional 577 shares during the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in Lightspeed Commerce during the 3rd quarter valued at $67,000. Hedge funds and other institutional investors own 68.68% of the company's stock.

Lightspeed Commerce Stock Performance

LSPD traded down $0.63 during midday trading on Friday, hitting $13.38. 609,794 shares of the company traded hands, compared to its average volume of 978,976. The company has a quick ratio of 6.09, a current ratio of 6.21 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.05 billion, a PE ratio of -9.91 and a beta of 2.37. The company's 50-day moving average is $14.12 and its 200 day moving average is $15.76. Lightspeed Commerce Inc. has a 52 week low of $12.23 and a 52 week high of $21.71.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last posted its earnings results on Thursday, February 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.12. The business had revenue of $239.70 million for the quarter, compared to analysts' expectations of $236.31 million. Lightspeed Commerce had a negative net margin of 23.85% and a negative return on equity of 2.68%. On average, research analysts expect that Lightspeed Commerce Inc. will post -0.5 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. BTIG Research upped their price target on shares of Lightspeed Commerce from $20.00 to $24.00 and gave the company a "buy" rating in a report on Thursday, December 28th. National Bank Financial lowered shares of Lightspeed Commerce from an "outperform market weight" rating to a "sector perform market weight" rating in a report on Thursday, February 8th. Piper Sandler reaffirmed a "neutral" rating and issued a $18.00 target price on shares of Lightspeed Commerce in a research report on Thursday, February 15th. TD Securities downgraded shares of Lightspeed Commerce from a "buy" rating to a "hold" rating and reduced their target price for the stock from $25.00 to $17.50 in a research report on Friday, February 9th. Finally, Wells Fargo & Company reduced their target price on shares of Lightspeed Commerce from $20.00 to $17.00 and set an "equal weight" rating on the stock in a research report on Friday, February 9th. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, Lightspeed Commerce currently has an average rating of "Hold" and a consensus target price of $19.03.

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.