Barclays PLC increased its stake in Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 8,355.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,170 shares of the company's stock after purchasing an additional 28,825 shares during the period. Barclays PLC's holdings in Lightspeed Commerce were worth $481,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in Lightspeed Commerce by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,205,168 shares of the company's stock valued at $30,189,000 after purchasing an additional 64,944 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in Lightspeed Commerce by 10.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 206,700 shares of the company's stock valued at $2,825,000 after buying an additional 20,000 shares during the period. 1832 Asset Management L.P. increased its holdings in Lightspeed Commerce by 345,464.1% during the 2nd quarter. 1832 Asset Management L.P. now owns 404,310 shares of the company's stock valued at $5,535,000 after purchasing an additional 404,193 shares during the period. Bank of Montreal Can raised its holdings in shares of Lightspeed Commerce by 4.9% during the second quarter. Bank of Montreal Can now owns 2,059,914 shares of the company's stock valued at $28,281,000 after acquiring an additional 95,832 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in Lightspeed Commerce by 306.5% in the 2nd quarter. Marshall Wace LLP now owns 807,219 shares of the company's stock worth $11,051,000 after purchasing an additional 608,661 shares in the last quarter. 68.68% of the stock is currently owned by institutional investors.
Lightspeed Commerce Stock Performance
LSPD traded down $0.33 during midday trading on Friday, hitting $14.61. 360,217 shares of the company traded hands, compared to its average volume of 398,536. The company's 50-day moving average is $16.53 and its 200 day moving average is $14.93. The company has a quick ratio of 5.94, a current ratio of 6.08 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.22 billion, a PE ratio of -16.42 and a beta of 2.44. Lightspeed Commerce Inc. has a 52 week low of $11.01 and a 52 week high of $20.09.
Lightspeed Commerce (NYSE:LSPD - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $273.90 million. On average, research analysts expect that Lightspeed Commerce Inc. will post -0.02 EPS for the current year.
Analysts Set New Price Targets
LSPD has been the subject of several research reports. Barclays lowered Lightspeed Commerce from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $20.00 to $18.00 in a research report on Friday, January 10th. Benchmark boosted their price objective on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. TD Securities raised their target price on shares of Lightspeed Commerce from $15.00 to $19.00 and gave the company a "hold" rating in a research note on Friday, November 8th. Royal Bank of Canada raised Lightspeed Commerce from a "strong sell" rating to a "moderate buy" rating in a research report on Friday, November 8th. Finally, BTIG Research restated a "buy" rating and issued a $21.00 price target on shares of Lightspeed Commerce in a research note on Thursday, September 26th. Nine investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $19.50.
Check Out Our Latest Research Report on Lightspeed Commerce
Lightspeed Commerce Company Profile
(
Free Report)
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.
Featured Articles
Before you consider Lightspeed Commerce, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lightspeed Commerce wasn't on the list.
While Lightspeed Commerce currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
