Lightspeed Commerce Inc. (NYSE:LSPD) Position Boosted by Credit Suisse AG

Credit Suisse AG increased its holdings in Lightspeed Commerce Inc. (NYSE:LSPD) by 1.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,299 shares of the company’s stock after buying an additional 1,688 shares during the quarter. Credit Suisse AG owned about 0.08% of Lightspeed Commerce worth $1,826,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Royal Bank of Canada boosted its stake in Lightspeed Commerce by 249.8% during the 1st quarter. Royal Bank of Canada now owns 3,280,715 shares of the company’s stock valued at $99,964,000 after purchasing an additional 2,342,867 shares in the last quarter. Wellington Management Group LLP boosted its stake in Lightspeed Commerce by 212.7% during the 1st quarter. Wellington Management Group LLP now owns 2,478,103 shares of the company’s stock valued at $75,508,000 after purchasing an additional 1,685,608 shares in the last quarter. Norges Bank bought a new position in Lightspeed Commerce during the 4th quarter valued at $20,817,000. Millennium Management LLC bought a new position in Lightspeed Commerce during the 2nd quarter valued at $23,058,000. Finally, Dimensional Fund Advisors LP boosted its stake in Lightspeed Commerce by 350.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 738,911 shares of the company’s stock valued at $12,993,000 after purchasing an additional 574,971 shares in the last quarter. 51.98% of the stock is owned by institutional investors.

Lightspeed Commerce Trading Down 0.3 %

Lightspeed Commerce stock opened at $16.32 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.63 and a quick ratio of 6.53. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of -2.42 and a beta of 2.36. Lightspeed Commerce Inc. has a one year low of $12.45 and a one year high of $20.72. The company’s fifty day moving average price is $16.65 and its two-hundred day moving average price is $15.26.

Lightspeed Commerce (NYSE:LSPD) last posted its earnings results on Thursday, August 3rd. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.09. The firm had revenue of $209.09 million for the quarter, compared to the consensus estimate of $197.30 million. Lightspeed Commerce had a negative net margin of 132.94% and a negative return on equity of 3.94%. On average, analysts forecast that Lightspeed Commerce Inc. will post -0.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on LSPD. JPMorgan Chase & Co. decreased their price target on Lightspeed Commerce from $18.00 to $17.00 and set an “underweight” rating for the company in a research note on Tuesday, August 22nd. Royal Bank of Canada reiterated an “outperform” rating and set a $21.00 price objective on shares of Lightspeed Commerce in a research report on Wednesday, August 23rd. Piper Sandler increased their price objective on Lightspeed Commerce from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Friday, August 4th. Barclays increased their price objective on Lightspeed Commerce from $17.00 to $22.00 in a research report on Wednesday, July 19th. Finally, Bank of America cut their price objective on Lightspeed Commerce from $20.00 to $18.00 in a research report on Thursday, May 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $20.25.

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.