Swiss National Bank Sells 3,600 Shares of Lightspeed Commerce Inc. (NYSE:LSPD)

Swiss National Bank decreased its holdings in shares of Lightspeed Commerce Inc. (NYSE:LSPD) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 269,600 shares of the company’s stock after selling 3,600 shares during the quarter. Swiss National Bank’s holdings in Lightspeed Commerce were worth $4,109,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LSPD. State Street Corp lifted its stake in shares of Lightspeed Commerce by 29.1% during the 3rd quarter. State Street Corp now owns 353,472 shares of the company’s stock worth $5,829,000 after buying an additional 79,696 shares during the last quarter. Verition Fund Management LLC bought a new position in Lightspeed Commerce in the 3rd quarter valued at about $499,000. PCJ Investment Counsel Ltd. lifted its position in Lightspeed Commerce by 33.8% during the fourth quarter. PCJ Investment Counsel Ltd. now owns 123,060 shares of the company’s stock worth $1,874,000 after acquiring an additional 31,060 shares during the last quarter. NINE MASTS CAPITAL Ltd bought a new stake in shares of Lightspeed Commerce during the fourth quarter worth approximately $579,000. Finally, PDT Partners LLC acquired a new position in shares of Lightspeed Commerce in the third quarter valued at approximately $659,000. 68.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LSPD. Wells Fargo & Company reduced their price target on Lightspeed Commerce from $16.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Royal Bank of Canada dropped their target price on Lightspeed Commerce from $20.00 to $15.00 and set an “outperform” rating for the company in a report on Tuesday. UBS Group lowered their price target 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. Piper Sandler cut their price objective on shares of Lightspeed Commerce from $17.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. Finally, 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. Eight equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Lightspeed Commerce presently has an average rating of “Moderate Buy” and a consensus target price of $17.89.

Lightspeed Commerce Trading Up 0.9 %

Shares of LSPD stock opened at $10.07 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.99 and a current ratio of 6.10. Lightspeed Commerce Inc. has a fifty-two week low of $9.88 and a fifty-two week high of $18.96. The company has a market cap of $1.54 billion, a PE ratio of -12.59, a P/E/G ratio of 3.03 and a beta of 2.44. The stock’s fifty day moving average price is $12.84 and its two-hundred day moving average price is $14.80.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate 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%. Equities analysts predict that Lightspeed Commerce Inc. will post 0.08 EPS for the current fiscal year.

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.