AtonRa Partners Has $480,000 Holdings in Lightspeed Commerce Inc. (NYSE:LSPD)

AtonRa Partners lessened its position in Lightspeed Commerce Inc. (NYSE:LSPD) by 17.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,834 shares of the company’s stock after selling 4,917 shares during the quarter. AtonRa Partners’ holdings in Lightspeed Commerce were worth $480,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LSPD. New York State Common Retirement Fund lifted its holdings in shares of Lightspeed Commerce by 13.9% in the third quarter. New York State Common Retirement Fund now owns 20,350 shares of the company’s stock valued at $286,000 after purchasing an additional 2,482 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Lightspeed Commerce by 15.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,372 shares of the company’s stock valued at $400,000 after acquiring an additional 3,731 shares in the last quarter. Public Sector Pension Investment Board increased its holdings in shares of Lightspeed Commerce by 1.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 295,780 shares of the company’s stock valued at $4,174,000 after purchasing an additional 4,229 shares during the period. FMR LLC boosted its holdings in shares of Lightspeed Commerce by 0.6% during the third quarter. FMR LLC now owns 1,079,798 shares of the company’s stock worth $15,151,000 after purchasing an additional 6,518 shares during the period. Finally, CIBC Asset Management Inc grew its position in Lightspeed Commerce by 4.9% during the third quarter. CIBC Asset Management Inc now owns 146,430 shares of the company’s stock valued at $2,063,000 after purchasing an additional 6,886 shares in the last quarter. Institutional investors and hedge funds own 68.68% of the company’s stock.

Lightspeed Commerce Stock Performance

Shares of LSPD traded up $0.03 during mid-day trading on Monday, hitting $13.43. The company’s stock had a trading volume of 568,660 shares, compared to its average volume of 1,294,149. The stock’s 50-day moving average is $13.61 and its two-hundred day moving average is $15.70. The firm has a market capitalization of $2.06 billion, a PE ratio of -9.93 and a beta of 2.37. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.09 and a current ratio of 6.21. Lightspeed Commerce Inc. has a one year low of $12.23 and a one year high of $21.71.

Lightspeed Commerce (NYSE:LSPD) last released its earnings results on Thursday, February 8th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.12. The firm had revenue of $239.70 million during the quarter, compared to analysts’ expectations of $236.31 million. Lightspeed Commerce had a negative net margin of 23.85% and a negative return on equity of 2.68%. As a group, sell-side analysts anticipate that Lightspeed Commerce Inc. will post -0.5 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Scotiabank decreased their target price on shares of Lightspeed Commerce from $22.00 to $20.00 and set a “sector outperform” rating for the company in a research note on Friday, February 9th. Barclays dropped their target price on Lightspeed Commerce from $23.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. BMO Capital Markets reduced their price target on Lightspeed Commerce from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Friday, February 9th. Piper Sandler restated a “neutral” rating and issued a $18.00 price objective on shares of Lightspeed Commerce in a report on Thursday, February 15th. Finally, TD Securities cut shares of Lightspeed Commerce from a “buy” rating to a “hold” rating and reduced their target price for the company from $25.00 to $17.50 in a research note on Friday, February 9th. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lightspeed Commerce currently has an average rating of “Hold” and an average price target of $18.74.

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.