Invesco Ltd. Has $439,000 Stock Holdings in Lightspeed Commerce Inc. (NYSE:LSPD)

Invesco Ltd. lowered its stake in Lightspeed Commerce Inc. (NYSE:LSPD) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,811 shares of the company’s stock after selling 1,248 shares during the quarter. Invesco Ltd.’s holdings in Lightspeed Commerce were worth $439,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. PCJ Investment Counsel Ltd. grew its stake in Lightspeed Commerce by 33.8% in the fourth quarter. PCJ Investment Counsel Ltd. now owns 123,060 shares of the company’s stock valued at $1,874,000 after purchasing an additional 31,060 shares in the last quarter. NINE MASTS CAPITAL Ltd bought a new position in shares of Lightspeed Commerce in the fourth quarter valued at $579,000. AGF Management Ltd. bought a new position in shares of Lightspeed Commerce in the fourth quarter valued at $1,295,000. Arrowstreet Capital Limited Partnership raised its position in Lightspeed Commerce by 37,065.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,181,809 shares of the company’s stock worth $63,688,000 after acquiring an additional 4,170,557 shares in the last quarter. Finally, Norges Bank acquired a new stake in Lightspeed Commerce in the fourth quarter valued at $964,000. Institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Price Performance

Shares of NYSE:LSPD opened at $9.69 on Friday. The company has a current ratio of 6.10, a quick ratio of 5.99 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1.48 billion, a PE ratio of -12.11, a PEG ratio of 3.03 and a beta of 2.52. The firm has a 50 day moving average of $9.98 and a 200-day moving average of $13.63. Lightspeed Commerce Inc. has a 12 month low of $7.34 and a 12 month high of $18.96.

Lightspeed Commerce (NYSE:LSPD) last released its earnings results on Thursday, February 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. On average, equities research analysts predict that Lightspeed Commerce Inc. will post 0.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LSPD. Stifel Nicolaus lowered their price objective on shares of Lightspeed Commerce from $15.00 to $12.00 and set a “hold” rating on the stock in a research note on Friday, March 28th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $9.00 price target (down previously from $10.00) on shares of Lightspeed Commerce in a research report on Monday, April 14th. Wells Fargo & Company cut their price objective on Lightspeed Commerce from $13.00 to $11.00 and set an “equal weight” rating for the company in a research report on Friday, March 28th. Morgan Stanley decreased their target price on Lightspeed Commerce from $14.00 to $12.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Finally, BMO Capital Markets cut their price target on Lightspeed Commerce from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $14.29.

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.