1 week Ago By Defense World Staff
Norges Bank purchased a new position in Lightspeed Commerce Inc. ( NYSE:LSPD – Free Report ) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 63,296 shares of the company’s stock, valued at approximately $964,000.
Several other hedge funds and other institutional investors have also made changes to their positions in LSPD. State Street Corp increased its holdings in shares of Lightspeed Commerce by 29.1% in the third quarter.
State Street Corp now owns 353,472 shares of the company’s stock worth $5,829,000 after purchasing an additional 79,696 shares during the last quarter. PCJ Investment Counsel Ltd. raised its holdings in shares of Lightspeed Commerce by 33.
8% during the 4th quarter. PCJ Investment Counsel Ltd. now owns 123,060 shares of the company’s stock worth $1,874,000 after acquiring an additional 31,060 shares in the last quarter.
NINE MASTS CAPITAL Ltd bought a new position in shares of Lightspeed Commerce during the 4th quarter valued at approximately $579,000. AGF Management Ltd. bought a new position in shares of Lightspeed Commerce during the 4th quarter valued at approximately $1,295,000.
Finally, Intact Investment Management Inc. grew its holdings in shares of Lightspeed Commerce by 94.5% in the fourth quarter.
Intact Investment Management Inc. now owns 1,707,257 shares of the company’s stock valued at $26,031,000 after purchasing an additional 829,577 shares in the last quarter. Institutional investors own 68.
68% of the company’s stock. Analyst Ratings Changes Several equities analysts have commented on the stock. Scotiabank lowered their price objective on shares of Lightspeed Commerce from $19.
00 to $17.00 and set a “sector outperform” rating for the company in a research report on Tuesday, March 25th. Morgan Stanley dropped their price target on Lightspeed Commerce from $17.
00 to $14.00 and set an “equal weight” rating for the company in a research report on Friday, March 28th. Wells Fargo & Company reduced their price objective on Lightspeed Commerce from $13.
00 to $11.00 and set an “equal weight” rating on the stock in a research note on Friday, March 28th. Atb Cap Markets cut Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 26th.
Finally, Piper Sandler cut their target price on Lightspeed Commerce from $13.00 to $11.00 and set a “neutral” rating on the stock in a research report on Thursday, March 27th.
Eleven analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $15.
09. Lightspeed Commerce Stock Performance LSPD stock opened at $9.15 on Friday.
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 Inc. has a 1-year low of $7.
34 and a 1-year high of $18.96. The business has a 50-day moving average price of $11.
09 and a 200 day moving average price of $14.31. The company has a market capitalization of $1.
40 billion, a P/E ratio of -11.43, a PEG ratio of 3.03 and a beta of 2.
52. Lightspeed Commerce ( NYSE:LSPD – Get Free Report ) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.
03 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%.
As a group, equities research analysts forecast that Lightspeed Commerce Inc. will post 0.08 EPS for the current fiscal year.
About Lightspeed Commerce ( Free Report ) 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. Featured Stories Five stocks we like better than Lightspeed Commerce What is Forex and How Does it Work? Robinhood Strategies Could Be a Game-Changer for Young Investors Do Real Estate Investment Trusts Deserve a Place in Your Portfolio? Are These 3 Retail Stocks Oversold or Really in Trouble? Are Penny Stocks a Good Fit for Your Portfolio? IONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead Receive News & Ratings for Lightspeed Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lightspeed Commerce and related companies with MarketBeat.
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