PNC Financial Services Group Inc. Buys 1,276 Shares of Lightspeed Commerce Inc. (NYSE:LSPD)

PNC Financial Services Group Inc. boosted its stake in Lightspeed Commerce Inc. (NYSE:LSPD) by 5.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 24,296 shares of the company’s stock after buying an additional 1,276 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Lightspeed Commerce were worth $370,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Blue Trust Inc. lifted its stake in shares of Lightspeed Commerce by 214.4% in the 4th quarter. Blue Trust Inc. now owns 1,503 shares of the company’s stock valued at $25,000 after purchasing an additional 1,025 shares during the period. Toronto Dominion Bank raised its holdings in Lightspeed Commerce by 153.4% in the third quarter. Toronto Dominion Bank now owns 17,408 shares of the company’s stock worth $287,000 after purchasing an additional 10,538 shares in the last quarter. Polar Asset Management Partners Inc. purchased a new position in Lightspeed Commerce during the third quarter valued at $412,000. Algert Global LLC bought a new stake in shares of Lightspeed Commerce during the 3rd quarter valued at $448,000. Finally, Barclays PLC grew its position in shares of Lightspeed Commerce by 8,355.1% in the 3rd quarter. Barclays PLC now owns 29,170 shares of the company’s stock worth $481,000 after buying an additional 28,825 shares during the period. 68.68% of the stock is owned by institutional investors.

Lightspeed Commerce Stock Performance

LSPD stock opened at $10.58 on Friday. Lightspeed Commerce Inc. has a 1-year low of $10.20 and a 1-year high of $18.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.10 and a quick ratio of 5.99. The company has a market capitalization of $1.62 billion, a P/E ratio of -13.22, a PEG ratio of 3.03 and a beta of 2.44. The business has a 50-day moving average price of $13.10 and a 200 day moving average price of $14.82.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings data 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%. As a group, equities research analysts forecast that Lightspeed Commerce Inc. will post 0.08 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on LSPD. Scotiabank cut their price objective on shares of Lightspeed Commerce from $21.00 to $19.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 7th. Bank of America assumed coverage on Lightspeed Commerce in a report on Wednesday, February 19th. They issued a “buy” rating and a $20.00 price target on the stock. Barclays decreased their price objective on Lightspeed Commerce from $18.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Piper Sandler dropped their price target on Lightspeed Commerce from $17.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. Finally, UBS Group cut their price objective on shares of Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating on the stock in a research report on Friday, February 7th. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.39.

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.