Lightspeed Commerce Inc. $LSPD Shares Sold by Palogic Value Management L.P.

Palogic Value Management L.P. lessened its position in shares of Lightspeed Commerce Inc. (NYSE:LSPD) by 33.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 160,000 shares of the company’s stock after selling 80,000 shares during the period. Palogic Value Management L.P.’s holdings in Lightspeed Commerce were worth $1,874,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Lightspeed Commerce by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,197 shares of the company’s stock worth $98,000 after buying an additional 1,124 shares during the last quarter. PCJ Investment Counsel Ltd. raised its stake in shares of Lightspeed Commerce by 2.7% during the 1st quarter. PCJ Investment Counsel Ltd. now owns 126,420 shares of the company’s stock worth $1,106,000 after buying an additional 3,360 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Lightspeed Commerce by 12.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 34,846 shares of the company’s stock worth $305,000 after buying an additional 3,786 shares during the last quarter. Moloney Securities Asset Management LLC raised its stake in shares of Lightspeed Commerce by 17.4% during the 2nd quarter. Moloney Securities Asset Management LLC now owns 57,454 shares of the company’s stock worth $673,000 after buying an additional 8,500 shares during the last quarter. Finally, Tempus Wealth Planning LLC acquired a new position in shares of Lightspeed Commerce during the 1st quarter worth $119,000. Institutional investors and hedge funds own 68.68% of the company’s stock.

Lightspeed Commerce Trading Up 2.5%

NYSE LSPD opened at $12.01 on Friday. Lightspeed Commerce Inc. has a 12 month low of $7.34 and a 12 month high of $18.96. The company has a 50-day moving average of $11.97 and a 200-day moving average of $11.55. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.60 and a quick ratio of 4.50. The company has a market cap of $1.62 billion, a P/E ratio of -2.67, a P/E/G ratio of 48.72 and a beta of 2.45.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). Lightspeed Commerce had a negative net margin of 61.11% and a positive return on equity of 0.33%. The company had revenue of $304.94 million for the quarter, compared to analyst estimates of $287.28 million. During the same period in the prior year, the company earned $0.10 EPS. The company’s revenue was up 14.6% compared to the same quarter last year. As a group, equities analysts predict that Lightspeed Commerce Inc. will post 0.08 earnings per share for the current year.

Analyst Ratings Changes

LSPD has been the subject of several analyst reports. Truist Financial boosted their target price on shares of Lightspeed Commerce from $11.00 to $12.00 and gave the company a “hold” rating in a research note on Thursday, July 17th. National Bankshares cut their target price on shares of Lightspeed Commerce from $15.00 to $13.00 and set a “sector perform” rating for the company in a research note on Thursday, October 23rd. TD Securities initiated coverage on shares of Lightspeed Commerce in a research note on Friday, October 3rd. They issued a “hold” rating and a $13.00 target price for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Lightspeed Commerce in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus boosted their target price on shares of Lightspeed Commerce from $12.00 to $14.00 and gave the company a “hold” rating in a research note on Friday, August 1st. Four analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $13.57.

About Lightspeed Commerce

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.