Lightspeed Commerce Inc. (NYSE:LSPD) Shares Sold by Palogic Value Management L.P.

Palogic Value Management L.P. decreased its holdings in Lightspeed Commerce Inc. (NYSE:LSPD) by 31.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 85,929 shares of the company’s stock after selling 39,071 shares during the period. Palogic Value Management L.P. owned approximately 0.06% of Lightspeed Commerce worth $1,309,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. CIBC Asset Management Inc raised its stake in shares of Lightspeed Commerce by 0.4% during the fourth quarter. CIBC Asset Management Inc now owns 172,182 shares of the company’s stock valued at $2,620,000 after purchasing an additional 679 shares during the period. Addenda Capital Inc. increased its stake in shares of Lightspeed Commerce by 2.0% in the fourth quarter. Addenda Capital Inc. now owns 46,609 shares of the company’s stock worth $710,000 after buying an additional 931 shares during the last quarter. Blue Trust Inc. boosted its holdings in Lightspeed Commerce by 214.4% in the fourth quarter. Blue Trust Inc. now owns 1,503 shares of the company’s stock worth $25,000 after purchasing an additional 1,025 shares during the period. PNC Financial Services Group Inc. boosted 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, Harbor Capital Advisors Inc. boosted its holdings in Lightspeed Commerce by 1.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 229,612 shares of the company’s stock worth $3,497,000 after purchasing an additional 2,231 shares during the period. Hedge funds and other institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Price Performance

NYSE LSPD opened at $10.58 on Friday. The stock’s 50-day moving average price is $13.10 and its two-hundred day moving average price is $14.82. The company has a current ratio of 6.10, a quick ratio of 5.99 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.62 billion, a PE ratio of -13.22, a PEG ratio of 3.03 and a beta of 2.44. Lightspeed Commerce Inc. has a 1 year low of $10.20 and a 1 year high of $18.96.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings data 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 positive return on equity of 0.61% and a negative net margin of 11.75%. On average, analysts predict that Lightspeed Commerce Inc. will post 0.08 EPS for the current year.

Analyst Ratings Changes

LSPD has been the subject of several analyst reports. Scotiabank reduced their price target on shares of Lightspeed Commerce from $21.00 to $19.00 and set a “sector outperform” rating for the company in a report on Friday, February 7th. Barclays cut their price objective on shares of Lightspeed Commerce from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Wells Fargo & Company dropped their price target on shares of Lightspeed Commerce from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Bank of America began coverage on shares of Lightspeed Commerce in a research report on Wednesday, February 19th. They issued a “buy” rating and a $20.00 price target on the stock. Finally, Piper Sandler dropped their price target on shares of Lightspeed Commerce from $17.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Lightspeed Commerce presently has an average rating of “Moderate Buy” and an average price target of $18.39.

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.