AGF Management Ltd. Purchases Shares of 84,951 Lightspeed Commerce Inc. (NYSE:LSPD)

AGF Management Ltd. purchased a new stake in Lightspeed Commerce Inc. (NYSE:LSPD) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 84,951 shares of the company’s stock, valued at approximately $1,295,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LSPD. Blue Trust Inc. raised its stake in Lightspeed Commerce by 214.4% during the 4th quarter. Blue Trust Inc. now owns 1,503 shares of the company’s stock worth $25,000 after acquiring an additional 1,025 shares in the last quarter. Aigen Investment Management LP acquired a new stake in Lightspeed Commerce during the 3rd quarter worth $225,000. Toronto Dominion Bank raised its stake in Lightspeed Commerce by 153.4% during the 3rd quarter. Toronto Dominion Bank now owns 17,408 shares of the company’s stock worth $287,000 after acquiring an additional 10,538 shares in the last quarter. Amundi raised its stake in Lightspeed Commerce by 20.5% during the 4th quarter. Amundi now owns 22,538 shares of the company’s stock worth $347,000 after acquiring an additional 3,838 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Lightspeed Commerce by 5.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 24,296 shares of the company’s stock worth $370,000 after acquiring an additional 1,276 shares in the last quarter. Hedge funds and other institutional investors own 68.68% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Scotiabank cut their price target on shares of Lightspeed Commerce from $21.00 to $19.00 and set a “sector outperform” rating on the stock in a research note on Friday, February 7th. Bank of America assumed coverage on shares of Lightspeed Commerce in a research note on Wednesday, February 19th. They issued a “buy” rating and a $20.00 price objective on the stock. Barclays dropped their price objective on shares of Lightspeed Commerce from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Wells Fargo & Company dropped their price objective on shares of Lightspeed Commerce from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Finally, UBS Group dropped 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 note on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $18.39.

Lightspeed Commerce Stock Up 5.1 %

Shares of NYSE:LSPD opened at $10.78 on Friday. The company has a market cap of $1.65 billion, a price-to-earnings ratio of -13.47, a PEG ratio of 3.03 and a beta of 2.44. The firm’s 50-day simple moving average is $13.51 and its 200-day simple moving average is $14.88. The company has a quick ratio of 5.99, a current ratio of 6.10 and a debt-to-equity ratio of 0.01. Lightspeed Commerce Inc. has a fifty-two week low of $10.20 and a fifty-two week high of $18.96.

Lightspeed Commerce (NYSE:LSPD) last issued its 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%. As a group, equities research analysts predict that Lightspeed Commerce Inc. will post 0.08 earnings per share for the current 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.