Lightspeed Commerce Inc. (NYSE:LSPD) Shares Acquired by Fmr LLC

Fmr LLC boosted its position in shares of Lightspeed Commerce Inc. (NYSE:LSPD) by 7.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,971 shares of the company’s stock after purchasing an additional 3,900 shares during the period. Fmr LLC’s holdings in Lightspeed Commerce were worth $972,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 1832 Asset Management L.P. grew its stake in shares of Lightspeed Commerce by 345,464.1% during the second quarter. 1832 Asset Management L.P. now owns 404,310 shares of the company’s stock valued at $5,535,000 after acquiring an additional 404,193 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Lightspeed Commerce in the second quarter valued at about $956,000. Intact Investment Management Inc. grew its stake in Lightspeed Commerce by 10,117.5% during the 3rd quarter. Intact Investment Management Inc. now owns 877,680 shares of the company’s stock valued at $14,473,000 after purchasing an additional 869,090 shares in the last quarter. Westfield Capital Management Co. LP grew its stake in Lightspeed Commerce by 30.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 3,325,531 shares of the company’s stock valued at $54,838,000 after purchasing an additional 766,688 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Lightspeed Commerce by 226.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 370,500 shares of the company’s stock worth $6,108,000 after purchasing an additional 256,900 shares during the last quarter. Hedge funds and other institutional investors own 68.68% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Royal Bank of Canada raised shares of Lightspeed Commerce from a “strong sell” rating to a “moderate buy” rating in a research report on Friday, November 8th. BTIG Research reissued a “buy” rating and set a $21.00 price objective on shares of Lightspeed Commerce in a report on Thursday, September 26th. JPMorgan Chase & Co. boosted their target price on shares of Lightspeed Commerce from $20.00 to $26.00 in a research report on Friday, November 8th. Benchmark increased their price target on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Piper Sandler boosted their price objective on Lightspeed Commerce from $15.00 to $17.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Eight equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $20.07.

Lightspeed Commerce Trading Down 0.1 %

Shares of NYSE:LSPD opened at $16.22 on Tuesday. Lightspeed Commerce Inc. has a fifty-two week low of $11.01 and a fifty-two week high of $21.71. The company has a quick ratio of 5.94, a current ratio of 6.08 and a debt-to-equity ratio of 0.01. The company has a market cap of $2.46 billion, a PE ratio of -18.22 and a beta of 2.40. The company’s 50-day moving average price is $16.60 and its 200 day moving average price is $14.74.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. Lightspeed Commerce had a negative return on equity of 0.10% and a negative net margin of 13.56%. The business had revenue of $277.18 million during the quarter, compared to the consensus estimate of $273.90 million. Sell-side analysts anticipate that Lightspeed Commerce Inc. will post -0.02 earnings per share for the current year.

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.