Palogic Value Management L.P. Has $1.31 Million Position in Lightspeed Commerce Inc. (NYSE:LSPD)

Palogic Value Management L.P. reduced its stake in shares of Lightspeed Commerce Inc. (NYSE:LSPD) by 31.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,929 shares of the company’s stock after selling 39,071 shares during the period. Palogic Value Management L.P.’s holdings in Lightspeed Commerce were worth $1,309,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LSPD. CIBC Asset Management Inc lifted its position in Lightspeed Commerce by 0.4% during the 4th quarter. CIBC Asset Management Inc now owns 172,182 shares of the company’s stock worth $2,620,000 after acquiring an additional 679 shares during the last quarter. Addenda Capital Inc. lifted its position in shares of Lightspeed Commerce by 2.0% in 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 period. Blue Trust Inc. lifted its position 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. increased its holdings in Lightspeed Commerce by 5.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 24,296 shares of the company’s stock valued at $370,000 after buying an additional 1,276 shares during the period. Finally, Harbor Capital Advisors Inc. raised its stake in shares of Lightspeed Commerce by 1.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 229,612 shares of the company’s stock valued at $3,497,000 after buying an additional 2,231 shares in the last quarter. 68.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on LSPD shares. Bank of America began coverage on shares of Lightspeed Commerce in a research report on Wednesday, February 19th. They set a “buy” rating and a $20.00 target price on the stock. Wells Fargo & Company lowered their price objective on Lightspeed Commerce from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. UBS Group cut their target price on Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating for the company in a research report on Friday, February 7th. Piper Sandler decreased their price target on Lightspeed Commerce from $17.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, February 6th. Finally, Barclays dropped their price objective on Lightspeed Commerce from $18.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.39.

Lightspeed Commerce Stock Performance

Shares of NYSE:LSPD opened at $10.58 on Friday. Lightspeed Commerce Inc. has a twelve month low of $10.20 and a twelve month high of $18.96. The firm has a market cap of $1.62 billion, a PE ratio of -13.22, a price-to-earnings-growth ratio of 3.03 and a beta of 2.44. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.99 and a current ratio of 6.10. The business has a fifty day moving average of $13.10 and a 200-day moving average of $14.82.

Lightspeed Commerce (NYSE:LSPD) last announced its earnings results on Thursday, February 6th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates 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%. On average, equities research analysts predict that Lightspeed Commerce Inc. will post 0.08 EPS for the current fiscal year.

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.