Lightspeed Commerce Inc. (NYSE:LSPD) Shares Bought by Alberta Investment Management Corp

Alberta Investment Management Corp raised its stake in shares of Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 45.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 150,300 shares of the company's stock after buying an additional 47,000 shares during the quarter. Alberta Investment Management Corp owned about 0.10% of Lightspeed Commerce worth $2,291,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of LSPD. CIBC Asset Management Inc lifted its position in shares of Lightspeed Commerce by 0.4% in the fourth quarter. CIBC Asset Management Inc now owns 172,182 shares of the company's stock valued at $2,620,000 after acquiring an additional 679 shares in the last quarter. Blue Trust Inc. raised its stake in Lightspeed Commerce by 214.4% in the 4th quarter. Blue Trust Inc. now owns 1,503 shares of the company's stock valued at $25,000 after purchasing an additional 1,025 shares during the last quarter. Addenda Capital Inc. lifted its holdings in Lightspeed Commerce by 2.0% in the 4th quarter. Addenda Capital Inc. now owns 46,609 shares of the company's stock valued at $710,000 after purchasing an additional 931 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Lightspeed Commerce by 1.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 229,612 shares of the company's stock worth $3,497,000 after purchasing an additional 2,231 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of Lightspeed Commerce by 8,355.1% during the third quarter. Barclays PLC now owns 29,170 shares of the company's stock worth $481,000 after buying an additional 28,825 shares in the last quarter. Hedge funds and other institutional investors own 68.68% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on LSPD. TD Securities raised their target price on shares of Lightspeed Commerce from $15.00 to $19.00 and gave the stock a "hold" rating in a research report on Friday, November 8th. Scotiabank reduced their price target on Lightspeed Commerce from $21.00 to $19.00 and set a "sector outperform" rating on the stock in a research note on Friday, February 7th. Piper Sandler lowered their price objective on Lightspeed Commerce from $17.00 to $13.00 and set a "neutral" rating for the company in a research report on Thursday, February 6th. JPMorgan Chase & Co. increased their target price on Lightspeed Commerce from $20.00 to $26.00 in a research report on Friday, November 8th. Finally, UBS Group lowered their price objective on shares of Lightspeed Commerce from $17.00 to $14.50 and set a "neutral" rating for the company in a research note on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Lightspeed Commerce currently has an average rating of "Moderate Buy" and a consensus price target of $18.39.

Lightspeed Commerce Stock Down 2.1 %

NYSE LSPD traded down $0.29 on Friday, reaching $13.16. The company had a trading volume of 1,402,325 shares, compared to its average volume of 773,595. The firm has a market capitalization of $2.00 billion, a PE ratio of -16.44, a P/E/G ratio of 3.07 and a beta of 2.42. The firm has a 50-day moving average of $14.77 and a 200-day moving average of $15.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.10 and a quick ratio of 5.99. Lightspeed Commerce Inc. has a 1 year low of $11.01 and a 1 year high of $18.96.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.07). Lightspeed Commerce had a positive return on equity of 0.61% and a negative net margin of 11.75%. On average, equities research analysts anticipate that Lightspeed Commerce Inc. will post 0.08 EPS for the current fiscal year.

Lightspeed Commerce 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.