Anson Funds Management LP Invests $850,000 in Lightspeed Commerce Inc. (NYSE:LSPD)

Anson Funds Management LP purchased a new stake in shares of Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 51,528 shares of the company's stock, valued at approximately $850,000.

A number of other hedge funds have also modified their holdings of LSPD. The Manufacturers Life Insurance Company lifted its stake 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 valued at $1,567,000 after buying an additional 2,459 shares in the last quarter. TD Asset Management Inc boosted its stake in shares of Lightspeed Commerce by 0.7% in 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 during the period. Toronto Dominion Bank grew its position in shares of Lightspeed Commerce by 102.8% during 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 in the last quarter. FMR LLC grew its position in shares of Lightspeed Commerce by 7.1% during the third quarter. FMR LLC now owns 58,971 shares of the company's stock worth $972,000 after purchasing an additional 3,900 shares in the last quarter. Finally, Addenda Capital Inc. raised its stake in Lightspeed Commerce by 10.5% during the 2nd quarter. Addenda Capital Inc. now owns 44,041 shares of the company's stock valued at $603,000 after purchasing an additional 4,196 shares during the period. 68.68% of the stock is currently owned by institutional investors.

Lightspeed Commerce Trading Up 1.3 %

Shares of Lightspeed Commerce stock traded up $0.22 on Friday, reaching $17.31. The company had a trading volume of 350,872 shares, compared to its average volume of 998,126. The firm's 50-day moving average price is $16.56 and its two-hundred day moving average price is $14.67. Lightspeed Commerce Inc. has a 1 year low of $11.01 and a 1 year high of $21.71. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of -19.45 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.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. BTIG Research reaffirmed a "buy" rating and set a $21.00 price objective on shares of Lightspeed Commerce in a report on Thursday, September 26th. Benchmark upped their target price 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. BMO Capital Markets boosted their price target on shares of Lightspeed Commerce from $18.00 to $20.00 and gave the stock an "outperform" rating in a research note on Thursday, September 26th. Piper Sandler raised their price objective on Lightspeed Commerce from $15.00 to $17.00 and gave the company a "neutral" rating in a research report on Monday, November 11th. Finally, TD Securities boosted their target price on Lightspeed Commerce from $15.00 to $19.00 and gave the stock a "hold" rating in a research report on Friday, November 8th. Eight analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $20.07.

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.