Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 266.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,356,600 shares of the company's stock after buying an additional 986,100 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.89% of Lightspeed Commerce worth $20,660,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. increased its position in Lightspeed Commerce by 214.4% in the 4th quarter. Blue Trust Inc. now owns 1,503 shares of the company's stock worth $25,000 after purchasing an additional 1,025 shares during the last quarter. Aigen Investment Management LP acquired a new position in Lightspeed Commerce in the 3rd quarter worth about $225,000. Toronto Dominion Bank increased its position in Lightspeed Commerce by 153.4% in the 3rd quarter. Toronto Dominion Bank now owns 17,408 shares of the company's stock worth $287,000 after purchasing an additional 10,538 shares during the last quarter. Amundi increased its position in Lightspeed Commerce by 20.5% in the 4th quarter. Amundi now owns 22,538 shares of the company's stock worth $347,000 after purchasing an additional 3,838 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Lightspeed Commerce by 5.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 24,296 shares of the company's stock worth $370,000 after purchasing an additional 1,276 shares during the last quarter. 68.68% of the stock is owned by institutional investors and hedge funds.
Lightspeed Commerce Price Performance
Shares of NYSE:LSPD opened at $10.26 on Friday. The business has a 50 day moving average price of $13.61 and a 200 day moving average price of $14.90. Lightspeed Commerce Inc. has a twelve month low of $10.20 and a twelve month high of $18.96. The company has a market cap of $1.57 billion, a price-to-earnings ratio of -12.82, a PEG ratio of 3.03 and a beta of 2.44. The company has a quick ratio of 5.99, a current ratio of 6.10 and a debt-to-equity ratio of 0.01.
Lightspeed Commerce (NYSE:LSPD - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.07). Lightspeed Commerce had a negative net margin of 11.75% and a positive return on equity of 0.61%. Research analysts predict that Lightspeed Commerce Inc. will post 0.08 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on LSPD. Bank of America began coverage on Lightspeed Commerce in a research report on Wednesday, February 19th. They issued a "buy" rating and a $20.00 target price on the stock. Piper Sandler dropped their target price on Lightspeed Commerce from $17.00 to $13.00 and set a "neutral" rating on the stock in a research report on Thursday, February 6th. Scotiabank decreased their price target on Lightspeed Commerce from $21.00 to $19.00 and set a "sector outperform" rating for the company in a research note on Friday, February 7th. UBS Group decreased their price target on Lightspeed Commerce from $17.00 to $14.50 and set a "neutral" rating for the company in a research note on Friday, February 7th. Finally, Barclays decreased their price target on Lightspeed Commerce from $18.00 to $15.00 and set an "equal weight" rating for the company in a research note on Friday, February 7th. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $18.39.
Read Our Latest Stock Analysis 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.
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