60,000 Shares in Lightspeed Commerce Inc. $LSPD Purchased by AMH Equity Ltd

AMH Equity Ltd purchased a new position in shares of Lightspeed Commerce Inc. (NYSE:LSPD) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 60,000 shares of the company’s stock, valued at approximately $693,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LSPD. Headlands Technologies LLC bought a new stake in Lightspeed Commerce during the second quarter worth $92,000. Russell Investments Group Ltd. increased its stake in shares of Lightspeed Commerce by 106.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 10,386 shares of the company’s stock worth $122,000 after purchasing an additional 5,354 shares during the last quarter. Magnetar Financial LLC bought a new stake in shares of Lightspeed Commerce in the 2nd quarter valued at about $156,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Lightspeed Commerce by 25.9% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 14,096 shares of the company’s stock valued at $165,000 after purchasing an additional 2,899 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Lightspeed Commerce by 2.9% during the second quarter. Invesco Ltd. now owns 29,567 shares of the company’s stock worth $346,000 after purchasing an additional 835 shares during the period. 68.68% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. TD Securities raised Lightspeed Commerce to a “hold” rating in a report on Thursday. National Bankshares dropped their price target on Lightspeed Commerce from $15.00 to $13.00 and set a “sector perform” rating for the company in a report on Thursday, October 23rd. Zacks Research upgraded Lightspeed Commerce from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd. BTIG Research reissued a “buy” rating and set a $16.00 target price on shares of Lightspeed Commerce in a report on Wednesday, November 19th. Finally, Barclays dropped their price objective on shares of Lightspeed Commerce from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Lightspeed Commerce currently has an average rating of “Hold” and a consensus price target of $13.66.

Lightspeed Commerce Stock Down 0.5%

Lightspeed Commerce stock opened at $11.69 on Friday. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of -2.57, a PEG ratio of 18.88 and a beta of 2.08. Lightspeed Commerce Inc. has a 52-week low of $7.34 and a 52-week high of $15.17. The firm has a 50 day moving average price of $11.86 and a two-hundred day moving average price of $12.03. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.58 and a current ratio of 4.66.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. Lightspeed Commerce had a negative net margin of 59.16% and a positive return on equity of 0.39%. The company had revenue of $318.96 million for the quarter, compared to the consensus estimate of $308.90 million. During the same period in the previous year, the firm earned $0.13 EPS. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. Equities analysts predict that Lightspeed Commerce Inc. will post 0.08 EPS for the current year.

Lightspeed Commerce Profile

Lightspeed Commerce Inc is a Canadian technology company that develops cloud-based point-of-sale (POS) and e-commerce software for small and medium-sized businesses across the retail and hospitality sectors. Its integrated platform enables merchants to manage sales, inventory, customer relationships and analytics through a single interface. By combining in-store and online channels, Lightspeed helps businesses streamline operations and improve customer engagement in an increasingly omnichannel marketplace.

The company’s product suite includes POS terminals, payment processing services, inventory management tools, customer loyalty programs and data reporting dashboards.