Azora Capital LP Boosts Holdings in Lightspeed Commerce Inc. (NYSE:LSPD)

Azora Capital LP boosted its stake in shares of Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 3.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,439,331 shares of the company's stock after acquiring an additional 47,359 shares during the quarter. Lightspeed Commerce accounts for about 1.3% of Azora Capital LP's investment portfolio, making the stock its 25th largest holding. Azora Capital LP owned approximately 0.95% of Lightspeed Commerce worth $23,735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its stake in shares of Lightspeed Commerce by 2.2% during the second quarter. The Manufacturers Life Insurance Company now owns 114,808 shares of the company's stock valued at $1,567,000 after purchasing an additional 2,459 shares during the period. TD Asset Management Inc grew its holdings in Lightspeed Commerce by 0.7% in the 2nd 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 last quarter. Toronto Dominion Bank increased its position in shares of Lightspeed Commerce by 102.8% in the second quarter. Toronto Dominion Bank now owns 6,870 shares of the company's stock valued at $94,000 after acquiring an additional 3,482 shares during the period. FMR LLC raised its stake in shares of Lightspeed Commerce by 7.1% during the third quarter. FMR LLC now owns 58,971 shares of the company's stock valued at $972,000 after acquiring an additional 3,900 shares during the last quarter. Finally, Addenda Capital Inc. boosted its holdings in shares of Lightspeed Commerce by 10.5% during the second quarter. Addenda Capital Inc. now owns 44,041 shares of the company's stock worth $603,000 after purchasing an additional 4,196 shares during the period. 68.68% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LSPD has been the topic of a number of research analyst reports. Benchmark boosted their price target on Lightspeed Commerce from $20.00 to $21.00 and gave the company a "buy" rating in a report on Friday, November 8th. BMO Capital Markets boosted their price objective on shares of Lightspeed Commerce from $18.00 to $20.00 and gave the company an "outperform" rating in a research report on Thursday, September 26th. Piper Sandler upped their price objective on shares of Lightspeed Commerce from $15.00 to $17.00 and gave the stock a "neutral" rating in a report on Monday, November 11th. TD Securities boosted their price target on shares of Lightspeed Commerce from $15.00 to $19.00 and gave the company a "hold" rating in a research report on Friday, November 8th. Finally, Jefferies Financial Group decreased their price target on shares of Lightspeed Commerce from $22.00 to $20.00 and set a "hold" rating for the company in a research note on Wednesday, August 21st. Nine research 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 company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $19.88.

Lightspeed Commerce Stock Down 8.9 %

Lightspeed Commerce stock traded down $1.68 during trading hours on Monday, hitting $17.12. The stock had a trading volume of 1,685,805 shares, compared to its average volume of 1,099,027. The stock has a market capitalization of $2.60 billion, a P/E ratio of -19.38 and a beta of 2.35. Lightspeed Commerce Inc. has a 12-month low of $11.01 and a 12-month high of $21.71. 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 stock's 50-day moving average price is $16.37 and its 200-day moving average price is $14.59.

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

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.