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

AGF Management Ltd. bought a new position in shares of Lightspeed Commerce Inc. (NYSE:LSPD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 84,951 shares of the company’s stock, valued at approximately $1,295,000. AGF Management Ltd. owned approximately 0.06% of Lightspeed Commerce as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. increased its stake in shares of Lightspeed Commerce by 214.4% during the fourth quarter. Blue Trust Inc. now owns 1,503 shares of the company’s stock worth $25,000 after purchasing an additional 1,025 shares in the last quarter. Aigen Investment Management LP purchased a new stake in shares of Lightspeed Commerce during the third quarter worth about $225,000. Toronto Dominion Bank grew 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 valued at $287,000 after acquiring an additional 10,538 shares in the last quarter. Amundi grew its stake in Lightspeed Commerce by 20.5% during the 4th quarter. Amundi now owns 22,538 shares of the company’s stock valued at $347,000 after acquiring an additional 3,838 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Lightspeed Commerce by 5.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 24,296 shares of the company’s stock valued at $370,000 after acquiring an additional 1,276 shares during the last quarter. Hedge funds and other institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Stock Performance

NYSE:LSPD opened at $10.78 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.99 and a current ratio of 6.10. The stock has a market capitalization of $1.65 billion, a P/E ratio of -13.47, a PEG ratio of 3.03 and a beta of 2.44. The company has a 50 day moving average price of $13.51 and a 200 day moving average price of $14.88. 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 posted 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 positive return on equity of 0.61% and a negative net margin of 11.75%. Equities research analysts forecast that Lightspeed Commerce Inc. will post 0.08 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have commented on LSPD shares. UBS Group cut their price objective on shares of Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating for the company in a report on Friday, February 7th. Bank of America started coverage on shares of Lightspeed Commerce in a report on Wednesday, February 19th. They issued a “buy” rating and a $20.00 price objective for the company. Wells Fargo & Company cut their price objective on shares of Lightspeed Commerce from $16.00 to $13.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Scotiabank cut their price objective on shares of Lightspeed Commerce from $21.00 to $19.00 and set a “sector outperform” rating for the company in a report on Friday, February 7th. Finally, 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. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $18.39.

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.