Bank of Montreal Can Decreases Stock Holdings in Lightspeed Commerce Inc. (NYSE:LSPD)

Bank of Montreal Can lessened its position in Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 2.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,001,233 shares of the company's stock after selling 58,681 shares during the period. Bank of Montreal Can owned 1.32% of Lightspeed Commerce worth $33,423,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Lightspeed Commerce by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 5,099,482 shares of the company's stock worth $71,699,000 after purchasing an additional 62,394 shares in the last quarter. Westfield Capital Management Co. LP grew its position in shares of Lightspeed Commerce by 30.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,325,531 shares of the company's stock valued at $54,838,000 after buying an additional 766,688 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Lightspeed Commerce by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,205,168 shares of the company's stock valued at $30,189,000 after buying an additional 64,944 shares during the last quarter. Intact Investment Management Inc. grew its position in shares of Lightspeed Commerce by 10,117.5% in the 3rd quarter. Intact Investment Management Inc. now owns 877,680 shares of the company's stock valued at $14,473,000 after buying an additional 869,090 shares during the last quarter. Finally, Marshall Wace LLP grew its position in shares of Lightspeed Commerce by 306.5% in the 2nd quarter. Marshall Wace LLP now owns 807,219 shares of the company's stock valued at $11,051,000 after buying an additional 608,661 shares during the last quarter. Institutional investors and hedge funds own 68.68% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Royal Bank of Canada upgraded Lightspeed Commerce from a "strong sell" rating to a "moderate buy" rating in a research report on Friday, November 8th. TD Securities upped their target price on Lightspeed Commerce from $15.00 to $19.00 and gave the company a "hold" rating in a research report on Friday, November 8th. BTIG Research restated a "buy" rating and set a $21.00 target price on shares of Lightspeed Commerce in a research report on Thursday, September 26th. Benchmark upped their target price on Lightspeed Commerce from $20.00 to $21.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Finally, BMO Capital Markets upped their target price on Lightspeed Commerce from $18.00 to $20.00 and gave the company an "outperform" rating in a research report on Thursday, September 26th. Nine 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 data from MarketBeat, Lightspeed Commerce has a consensus rating of "Moderate Buy" and an average price target of $19.88.

Lightspeed Commerce Stock Up 0.2 %

Shares of Lightspeed Commerce stock traded up $0.03 on Friday, hitting $18.80. The company had a trading volume of 302,161 shares, compared to its average volume of 1,097,924. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of -21.09 and a beta of 2.35. Lightspeed Commerce Inc. has a 1 year low of $11.01 and a 1 year high of $21.71. The stock has a 50 day moving average of $16.27 and a 200-day moving average of $14.53. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.94 and a current ratio of 6.08.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last issued 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. 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, sell-side analysts forecast that Lightspeed Commerce Inc. will post -0.02 earnings per share for the current 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.