Louisbourg Investments Inc. Decreases Stock Holdings in Lightspeed Commerce Inc. (NYSE:LSPD)

Louisbourg Investments Inc. lessened its stake in Lightspeed Commerce Inc. (NYSE:LSPD) by 26.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 502,618 shares of the company’s stock after selling 185,000 shares during the quarter. Lightspeed Commerce accounts for 1.8% of Louisbourg Investments Inc.’s investment portfolio, making the stock its 14th biggest holding. Louisbourg Investments Inc.’s holdings in Lightspeed Commerce were worth $7,661,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LSPD. Blue Trust Inc. boosted 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 valued at $25,000 after buying an additional 1,025 shares during the last quarter. Aigen Investment Management LP acquired a new position in Lightspeed Commerce during the third quarter worth $225,000. Toronto Dominion Bank lifted its position in shares of Lightspeed Commerce by 153.4% in the third quarter. Toronto Dominion Bank now owns 17,408 shares of the company’s stock valued at $287,000 after acquiring an additional 10,538 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new stake in shares of Lightspeed Commerce in the third quarter valued at about $412,000. Finally, Algert Global LLC acquired a new position in shares of Lightspeed Commerce during the 3rd quarter worth approximately $448,000. Hedge funds and other institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Trading Down 1.2 %

NYSE LSPD opened at $13.15 on Wednesday. The firm has a market capitalization of $2.00 billion, a PE ratio of -16.44 and a beta of 2.42. Lightspeed Commerce Inc. has a one year low of $11.01 and a one year high of $18.96. The company has a 50-day simple moving average of $15.26 and a 200-day simple moving average of $15.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.94 and a current ratio of 6.08.

Lightspeed Commerce (NYSE:LSPD) last posted its earnings results on Thursday, February 6th. The company reported $0.03 earnings per share (EPS) 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 0.60%. On average, equities analysts forecast that Lightspeed Commerce Inc. will post -0.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Scotiabank dropped 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 research note on Friday, February 7th. TD Securities increased their price target on Lightspeed Commerce from $15.00 to $19.00 and gave the company a “hold” rating in a research report on Friday, November 8th. UBS Group reduced their price objective on shares of Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating on the stock in a report 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 note on Friday, February 7th. Finally, Royal Bank of Canada upgraded Lightspeed Commerce from a “strong sell” rating to a “moderate buy” rating in a research report on Friday, November 8th. Nine investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $18.39.

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.