Intact Investment Management Inc. Has $2.54 Million Stake in Lightspeed Commerce Inc. (NYSE:LSPD)

Intact Investment Management Inc. lowered its holdings in shares of Lightspeed Commerce Inc. (NYSE:LSPD) by 30.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,900 shares of the company’s stock after selling 52,300 shares during the quarter. Intact Investment Management Inc.’s holdings in Lightspeed Commerce were worth $2,538,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of LSPD. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Lightspeed Commerce by 15.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,372 shares of the company’s stock worth $400,000 after buying an additional 3,731 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Lightspeed Commerce by 4.9% during the third quarter. CIBC Asset Management Inc now owns 146,430 shares of the company’s stock worth $2,063,000 after buying an additional 6,886 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of Lightspeed Commerce by 13.9% during the third quarter. New York State Common Retirement Fund now owns 20,350 shares of the company’s stock worth $286,000 after buying an additional 2,482 shares in the last quarter. Cidel Asset Management Inc. grew its holdings in shares of Lightspeed Commerce by 44.1% during the third quarter. Cidel Asset Management Inc. now owns 25,870 shares of the company’s stock worth $365,000 after buying an additional 7,920 shares in the last quarter. Finally, Landscape Capital Management L.L.C. grew its holdings in shares of Lightspeed Commerce by 209.2% during the third quarter. Landscape Capital Management L.L.C. now owns 170,883 shares of the company’s stock worth $2,397,000 after buying an additional 115,621 shares in the last quarter. Institutional investors and hedge funds own 68.68% of the company’s stock.

Lightspeed Commerce Price Performance

NYSE LSPD traded up $0.18 during midday trading on Friday, hitting $13.40. The company had a trading volume of 480,666 shares, compared to its average volume of 837,068. The company has a market capitalization of $2.05 billion, a PE ratio of -9.93 and a beta of 2.37. The company has a current ratio of 6.21, a quick ratio of 6.09 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $13.61 and a 200-day moving average price of $15.69. Lightspeed Commerce Inc. has a twelve month low of $12.23 and a twelve month high of $21.71.

Lightspeed Commerce (NYSE:LSPD) last announced its quarterly earnings data on Thursday, February 8th. The company reported ($0.08) earnings per share 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 return on equity of 2.68% and a negative net margin of 23.85%. As a group, analysts anticipate that Lightspeed Commerce Inc. will post -0.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on LSPD shares. Scotiabank decreased their price objective on Lightspeed Commerce from $22.00 to $20.00 and set a “sector outperform” rating for the company in a report on Friday, February 9th. JPMorgan Chase & Co. decreased their price target on Lightspeed Commerce from $19.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. National Bank Financial downgraded Lightspeed Commerce from an “outperform market weight” rating to a “sector perform market weight” rating in a research note on Thursday, February 8th. National Bankshares decreased their price target on Lightspeed Commerce from $20.00 to $15.00 and set a “sector perform” rating for the company in a research note on Thursday, April 18th. Finally, BMO Capital Markets reduced their target price on Lightspeed Commerce from $21.00 to $19.00 and set an “outperform” rating for the company in a research note on Friday, February 9th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Lightspeed Commerce has a consensus 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.