National Bank of Canada FI Has $28.48 Million Stock Holdings in Lightspeed Commerce Inc. (NYSE:LSPD)

National Bank of Canada FI trimmed its holdings in shares of Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 10.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,463,519 shares of the company's stock after selling 162,295 shares during the quarter. National Bank of Canada FI owned 0.96% of Lightspeed Commerce worth $28,479,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of LSPD. Vanguard Group Inc. increased its holdings in Lightspeed Commerce by 1.5% in the third quarter. Vanguard Group Inc. now owns 4,938,501 shares of the company's stock valued at $69,287,000 after buying an additional 72,890 shares during the last quarter. Triasima Portfolio Management inc. acquired a new position in Lightspeed Commerce in the fourth quarter worth $1,653,000. Public Sector Pension Investment Board boosted its holdings in Lightspeed Commerce by 1.5% in the third quarter. Public Sector Pension Investment Board now owns 295,780 shares of the company's stock worth $4,174,000 after purchasing an additional 4,229 shares during the period. Wellington Management Group LLP raised its holdings in shares of Lightspeed Commerce by 19.0% during the third quarter. Wellington Management Group LLP now owns 2,674,070 shares of the company's stock worth $37,517,000 after purchasing an additional 427,320 shares during the period. Finally, Adage Capital Partners GP L.L.C. lifted its position in shares of Lightspeed Commerce by 31.4% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 796,710 shares of the company's stock worth $11,178,000 after buying an additional 190,282 shares during the last quarter. Institutional investors and hedge funds own 68.68% of the company's stock.

Lightspeed Commerce Price Performance

NYSE LSPD traded down $0.24 on Tuesday, reaching $13.84. 480,022 shares of the stock traded hands, compared to its average volume of 1,253,506. Lightspeed Commerce Inc. has a 12 month low of $12.23 and a 12 month high of $21.71. The company has a market cap of $2.12 billion, a price-to-earnings ratio of -10.25 and a beta of 2.34. The firm's fifty day simple moving average is $13.60 and its 200 day simple moving average is $15.68. The company has a quick ratio of 6.09, a current ratio of 6.21 and a debt-to-equity ratio of 0.01.

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

Wall Street Analysts Forecast Growth

LSPD has been the topic of several research reports. TD Securities lowered shares of Lightspeed Commerce from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $25.00 to $17.50 in a research note on Friday, February 9th. Scotiabank lowered their price objective on Lightspeed Commerce from $22.00 to $20.00 and set a "sector outperform" rating for the company in a research note on Friday, February 9th. JPMorgan Chase & Co. cut their target price on Lightspeed Commerce from $19.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, February 9th. BMO Capital Markets lowered their price target on shares of Lightspeed Commerce from $21.00 to $19.00 and set an "outperform" rating for the company in a research report on Friday, February 9th. Finally, National Bankshares dropped their price objective on shares of Lightspeed Commerce from $20.00 to $15.00 and set a "sector perform" rating on the stock in a report on Thursday, April 18th. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Lightspeed Commerce currently has an average rating of "Hold" and an average price target of $18.74.

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.