Hsbc Holdings PLC Acquires Shares of 57,751 Lightspeed Commerce Inc. (NYSE:LSPD)

Hsbc Holdings PLC bought a new position in Lightspeed Commerce Inc. (NYSE:LSPDFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 57,751 shares of the company’s stock, valued at approximately $1,229,000.

Several other hedge funds and other institutional investors have also made changes to their positions in LSPD. Duality Advisers LP acquired a new stake in Lightspeed Commerce in the fourth quarter valued at $276,000. New York State Common Retirement Fund lifted its stake in shares of Lightspeed Commerce by 13.9% in the third quarter. New York State Common Retirement Fund now owns 20,350 shares of the company’s stock valued at $286,000 after purchasing an additional 2,482 shares during the period. Triasima Portfolio Management inc. purchased a new stake in Lightspeed Commerce during the fourth quarter worth about $1,653,000. Millrace Asset Group Inc. grew its position in Lightspeed Commerce by 72.9% during the third quarter. Millrace Asset Group Inc. now owns 83,222 shares of the company’s stock worth $1,168,000 after buying an additional 35,084 shares during the period. Finally, Calamos Advisors LLC acquired a new position in Lightspeed Commerce during the fourth quarter worth about $2,231,000. Hedge funds and other institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Stock Up 0.1 %

Shares of NYSE:LSPD opened at $14.73 on Monday. The company has a current ratio of 6.34, a quick ratio of 6.23 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of -13.77 and a beta of 2.35. The stock’s 50-day moving average price is $13.97 and its two-hundred day moving average price is $15.63. Lightspeed Commerce Inc. has a 12-month low of $12.23 and a 12-month high of $21.71.

Lightspeed Commerce (NYSE:LSPDGet Free Report) last announced its quarterly earnings data on Thursday, May 16th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.16. Lightspeed Commerce had a negative net margin of 18.03% and a negative return on equity of 2.02%. The business had revenue of $230.22 million for the quarter, compared to analyst estimates of $224.08 million. On average, research analysts forecast that Lightspeed Commerce Inc. will post -0.39 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Jefferies Financial Group boosted their price target on Lightspeed Commerce from $14.00 to $16.00 and gave the stock a “hold” rating in a research note on Tuesday, May 21st. TD Securities boosted their target price on Lightspeed Commerce from $14.00 to $16.00 and gave the stock a “hold” rating in a research report on Friday, May 17th. BMO Capital Markets raised their price target on Lightspeed Commerce from $19.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. National Bankshares lifted their price target on Lightspeed Commerce from $15.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Friday, May 17th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $21.00 price objective on shares of Lightspeed Commerce in a research note on Wednesday, May 29th. Twelve analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $18.78.

Read Our Latest Stock Analysis on Lightspeed Commerce

Lightspeed Commerce Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Lightspeed Commerce (NYSE:LSPD)

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