Northwest & Ethical Investments L.P. Has $486,000 Stock Holdings in Lightspeed Commerce Inc. (NYSE:LSPD)

Northwest & Ethical Investments L.P. decreased its position in shares of Lightspeed Commerce Inc. (NYSE:LSPD) by 24.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 31,933 shares of the company’s stock after selling 10,250 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Lightspeed Commerce were worth $486,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Intact Investment Management Inc. boosted its position in shares of Lightspeed Commerce by 94.5% during the 4th quarter. Intact Investment Management Inc. now owns 1,707,257 shares of the company’s stock worth $26,031,000 after acquiring an additional 829,577 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Lightspeed Commerce by 266.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,356,600 shares of the company’s stock worth $20,660,000 after acquiring an additional 986,100 shares in the last quarter. AGF Management Ltd. acquired a new stake in Lightspeed Commerce in the fourth quarter valued at approximately $1,295,000. Amundi boosted its position in Lightspeed Commerce by 20.5% in the fourth quarter. Amundi now owns 22,538 shares of the company’s stock valued at $347,000 after buying an additional 3,838 shares in the last quarter. Finally, PCJ Investment Counsel Ltd. boosted its position in Lightspeed Commerce by 33.8% in the fourth quarter. PCJ Investment Counsel Ltd. now owns 123,060 shares of the company’s stock valued at $1,874,000 after buying an additional 31,060 shares in the last quarter. Institutional investors and hedge funds own 68.68% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on LSPD. Scotiabank cut their target price 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. Barclays cut their target price on shares of Lightspeed Commerce from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Bank of America began coverage on shares of Lightspeed Commerce in a research report on Wednesday, February 19th. They issued a “buy” rating and a $20.00 target price on the stock. Piper Sandler cut their target price on shares of Lightspeed Commerce from $17.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, February 6th. Finally, Wells Fargo & Company cut 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 report on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Lightspeed Commerce has an average rating of “Moderate Buy” and an average price target of $18.39.

Lightspeed Commerce Trading Up 0.4 %

LSPD opened at $10.63 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 current ratio of 6.10, a quick ratio of 5.99 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.63 billion, a P/E ratio of -13.28, a price-to-earnings-growth ratio of 3.03 and a beta of 2.44. The company has a fifty day moving average price of $13.02 and a two-hundred day moving average price of $14.80.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings results 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%. Analysts predict that Lightspeed Commerce Inc. will post 0.08 EPS for the current fiscal year.

Lightspeed Commerce 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.