67,920 Shares in Lightspeed Commerce Inc. $LSPD Acquired by Aviso Financial Inc.

Aviso Financial Inc. bought a new stake in Lightspeed Commerce Inc. (NYSE:LSPD) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 67,920 shares of the company’s stock, valued at approximately $784,000. Aviso Financial Inc. owned 0.05% of Lightspeed Commerce as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Goldman Sachs Group Inc. increased its position in shares of Lightspeed Commerce by 151.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,148,959 shares of the company’s stock worth $18,803,000 after purchasing an additional 1,295,469 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Lightspeed Commerce by 25.9% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 14,096 shares of the company’s stock valued at $165,000 after buying an additional 2,899 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Lightspeed Commerce by 43.7% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,139,300 shares of the company’s stock worth $25,121,000 after buying an additional 650,200 shares during the period. Geode Capital Management LLC boosted its stake in Lightspeed Commerce by 8.1% during the second quarter. Geode Capital Management LLC now owns 78,301 shares of the company’s stock worth $922,000 after buying an additional 5,834 shares during the period. Finally, TD Waterhouse Canada Inc. increased its position in shares of Lightspeed Commerce by 8.5% during the second quarter. TD Waterhouse Canada Inc. now owns 43,231 shares of the company’s stock valued at $502,000 after acquiring an additional 3,401 shares during the last quarter. Institutional investors and hedge funds own 68.68% of the company’s stock.

Lightspeed Commerce Stock Down 4.2%

Shares of NYSE LSPD opened at $9.03 on Monday. The stock has a market cap of $1.24 billion, a P/E ratio of -1.95, a PEG ratio of 10.63 and a beta of 2.09. The business’s fifty day simple moving average is $10.81 and its 200-day simple moving average is $11.52. Lightspeed Commerce Inc. has a 12-month low of $7.34 and a 12-month high of $14.34. The company has a current ratio of 4.52, a quick ratio of 4.44 and a debt-to-equity ratio of 0.01.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.02. The company had revenue of $312.35 million for the quarter, compared to the consensus estimate of $311.28 million. Lightspeed Commerce had a positive return on equity of 0.37% and a negative net margin of 58.15%.Lightspeed Commerce’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.12 EPS. As a group, equities analysts predict that Lightspeed Commerce Inc. will post 0.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on LSPD shares. BTIG Research decreased their price objective on shares of Lightspeed Commerce from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. TD Securities raised Lightspeed Commerce to a “hold” rating in a research report on Thursday, January 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Lightspeed Commerce in a research note on Thursday, January 22nd. Zacks Research cut Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Finally, Barclays decreased their target price on Lightspeed Commerce from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Monday, January 12th. Five analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Lightspeed Commerce currently has a consensus rating of “Hold” and a consensus target price of $13.33.

About Lightspeed Commerce

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.