Moloney Securities Asset Management LLC lifted its position in Lightspeed Commerce Inc. (NYSE:LSPD – Free Report) by 17.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,454 shares of the company’s stock after buying an additional 8,500 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Lightspeed Commerce were worth $673,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Lightspeed Commerce by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,197 shares of the company’s stock worth $98,000 after purchasing an additional 1,124 shares during the last quarter. Tempus Wealth Planning LLC bought a new position in shares of Lightspeed Commerce in the first quarter worth approximately $119,000. BIT Capital GmbH bought a new position in shares of Lightspeed Commerce in the first quarter worth approximately $150,000. ANTIPODES PARTNERS Ltd bought a new position in shares of Lightspeed Commerce in the first quarter worth approximately $259,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Lightspeed Commerce by 12.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 34,846 shares of the company’s stock worth $305,000 after purchasing an additional 3,786 shares during the last quarter. 68.68% of the stock is owned by hedge funds and other institutional investors.
Lightspeed Commerce Stock Performance
Shares of LSPD stock opened at $12.14 on Friday. The stock has a fifty day moving average of $11.94 and a 200 day moving average of $11.40. Lightspeed Commerce Inc. has a 52 week low of $7.34 and a 52 week high of $18.96. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of -2.70, a PEG ratio of 13.71 and a beta of 2.45. The company has a quick ratio of 4.50, a current ratio of 4.60 and a debt-to-equity ratio of 0.01.
Wall Street Analysts Forecast Growth
LSPD has been the topic of several research analyst reports. Scotiabank upped their price objective on shares of Lightspeed Commerce from $10.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Monday, July 28th. National Bankshares decreased their price objective on shares of Lightspeed Commerce from $15.00 to $13.00 and set a “sector perform” rating on the stock in a research report on Thursday. Morgan Stanley increased their price target on shares of Lightspeed Commerce from $12.00 to $14.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 20th. Royal Bank Of Canada set a $15.00 price target on shares of Lightspeed Commerce and gave the company an “outperform” rating in a research report on Wednesday, September 17th. Finally, Truist Financial increased their price target on shares of Lightspeed Commerce from $11.00 to $12.00 and gave the company a “hold” rating in a research report on Thursday, July 17th. Four research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.57.
Read Our Latest Report on Lightspeed Commerce
About Lightspeed Commerce
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.
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