Y Intercept Hong Kong Ltd Takes $705,000 Position in Lightspeed Commerce Inc. (NYSE:LSPD)

Y Intercept Hong Kong Ltd bought a new stake in Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 42,723 shares of the company's stock, valued at approximately $705,000.

Other institutional investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company grew its position in shares of Lightspeed Commerce by 2.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 114,808 shares of the company's stock worth $1,567,000 after buying an additional 2,459 shares during the period. TD Asset Management Inc boosted its stake in Lightspeed Commerce by 0.7% during the second quarter. TD Asset Management Inc now owns 384,137 shares of the company's stock worth $5,250,000 after acquiring an additional 2,828 shares in the last quarter. Toronto Dominion Bank grew its holdings in Lightspeed Commerce by 102.8% in the second quarter. Toronto Dominion Bank now owns 6,870 shares of the company's stock worth $94,000 after purchasing an additional 3,482 shares during the period. FMR LLC increased its stake in Lightspeed Commerce by 7.1% in the third quarter. FMR LLC now owns 58,971 shares of the company's stock valued at $972,000 after purchasing an additional 3,900 shares in the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of Lightspeed Commerce by 6.6% during the second quarter. CIBC Asset Management Inc now owns 175,008 shares of the company's stock valued at $2,391,000 after purchasing an additional 10,809 shares during the period. Institutional investors own 68.68% of the company's stock.

Lightspeed Commerce Stock Performance

Shares of NYSE LSPD traded down $0.30 during midday trading on Friday, reaching $16.23. The company's stock had a trading volume of 530,083 shares, compared to its average volume of 1,077,299. The stock has a market capitalization of $2.47 billion, a P/E ratio of -18.24 and a beta of 2.40. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.08 and a quick ratio of 5.94. The firm has a 50 day moving average price of $16.60 and a 200-day moving average price of $14.74. Lightspeed Commerce Inc. has a 12-month low of $11.01 and a 12-month high of $21.71.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. The firm had revenue of $277.18 million during the quarter, compared to the consensus estimate of $273.90 million. Lightspeed Commerce had a negative return on equity of 0.10% and a negative net margin of 13.56%. As a group, equities analysts predict that Lightspeed Commerce Inc. will post -0.02 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on LSPD shares. BTIG Research reaffirmed a "buy" rating and issued a $21.00 target price on shares of Lightspeed Commerce in a research report on Thursday, September 26th. Royal Bank of Canada upgraded Lightspeed Commerce from a "strong sell" rating to a "moderate buy" rating in a report on Friday, November 8th. Piper Sandler increased their target price on Lightspeed Commerce from $15.00 to $17.00 and gave the stock a "neutral" rating in a report on Monday, November 11th. Benchmark lifted their price target on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Finally, Jefferies Financial Group lowered their price objective on shares of Lightspeed Commerce from $22.00 to $20.00 and set a "hold" rating on the stock in a report on Wednesday, August 21st. Eight analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Lightspeed Commerce currently has an average rating of "Moderate Buy" and an average price target of $20.07.

About Lightspeed Commerce

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.