Intact Investment Management Inc. Has $26.03 Million Stock Position in Lightspeed Commerce Inc. (NYSE:LSPD)

Intact Investment Management Inc. grew its position in shares of Lightspeed Commerce Inc. (NYSE:LSPD) by 94.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,707,257 shares of the company’s stock after acquiring an additional 829,577 shares during the quarter. Lightspeed Commerce accounts for 0.9% of Intact Investment Management Inc.’s holdings, making the stock its 28th biggest position. Intact Investment Management Inc. owned approximately 1.12% of Lightspeed Commerce worth $26,031,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of LSPD. Blue Trust Inc. boosted its holdings in shares of Lightspeed Commerce by 214.4% in the 4th quarter. Blue Trust Inc. now owns 1,503 shares of the company’s stock valued at $25,000 after buying an additional 1,025 shares during the last quarter. Aigen Investment Management LP acquired a new stake in shares of Lightspeed Commerce in the 3rd quarter valued at approximately $225,000. Toronto Dominion Bank boosted its holdings in shares of Lightspeed Commerce by 153.4% in the 3rd quarter. Toronto Dominion Bank now owns 17,408 shares of the company’s stock valued at $287,000 after buying an additional 10,538 shares during the last quarter. Amundi boosted its holdings in shares of Lightspeed Commerce by 20.5% in the 4th quarter. Amundi now owns 22,538 shares of the company’s stock valued at $347,000 after buying an additional 3,838 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of 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 buying an additional 1,276 shares during the last quarter. Institutional investors and hedge funds own 68.68% of the company’s stock.

Lightspeed Commerce Stock Down 4.6 %

LSPD stock opened at $10.26 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.10 and a quick ratio of 5.99. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of -12.82, a PEG ratio of 3.03 and a beta of 2.44. The business’s fifty day moving average price is $13.61 and its two-hundred day moving average price is $14.90. 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 the consensus estimate 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%. On average, equities analysts anticipate that Lightspeed Commerce Inc. will post 0.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Barclays cut their price objective on Lightspeed Commerce from $18.00 to $15.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. UBS Group cut their price target on Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating for the company in a report on Friday, February 7th. Scotiabank cut their price target on Lightspeed Commerce from $21.00 to $19.00 and set a “sector outperform” rating for the company in a report on Friday, February 7th. Wells Fargo & Company cut their price target on Lightspeed Commerce from $16.00 to $13.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Finally, Bank of America started coverage on Lightspeed Commerce in a report on Wednesday, February 19th. They set a “buy” rating and a $20.00 price target for the company. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.