LMR Partners LLP Invests $2.44 Million in Lightspeed Commerce Inc. (NYSE:LSPD)

LMR Partners LLP purchased a new position in shares of Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 148,000 shares of the company's stock, valued at approximately $2,441,000. LMR Partners LLP owned about 0.10% of Lightspeed Commerce at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Lightspeed Commerce by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 5,099,482 shares of the company's stock worth $71,699,000 after acquiring an additional 62,394 shares during the period. Boulder Hill Capital Management LP bought a new stake in Lightspeed Commerce in the first quarter valued at about $811,000. Harbor Capital Advisors Inc. lifted its stake in Lightspeed Commerce by 297.6% in the second quarter. Harbor Capital Advisors Inc. now owns 90,296 shares of the company's stock valued at $1,236,000 after buying an additional 67,584 shares during the period. Addenda Capital Inc. boosted its holdings in 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 buying an additional 4,196 shares during the last quarter. Finally, NewGen Asset Management Ltd bought a new position in Lightspeed Commerce during the second quarter worth about $9,241,000. 68.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Jefferies Financial Group cut their price target on shares of Lightspeed Commerce from $22.00 to $20.00 and set a "hold" rating on the stock in a research report on Wednesday, August 21st. Piper Sandler increased their target price 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 report on Friday, November 8th. BMO Capital Markets upped 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. Finally, JPMorgan Chase & Co. lifted their target price on Lightspeed Commerce from $20.00 to $26.00 in a report on Friday, November 8th. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $19.88.

Lightspeed Commerce Stock Up 0.8 %

Lightspeed Commerce stock traded up $0.13 during mid-day trading on Tuesday, reaching $17.67. The company's stock had a trading volume of 624,037 shares, compared to its average volume of 1,111,763. 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 Inc. has a 12 month low of $11.01 and a 12 month high of $21.71. The business's 50 day simple moving average is $15.45 and its 200 day simple moving average is $14.29. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of -19.84, a price-to-earnings-growth ratio of 6.57 and a beta of 2.35.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $277.18 million during the quarter, compared to analysts' expectations of $273.90 million. As a group, research analysts anticipate that Lightspeed Commerce Inc. will post 0.05 earnings per share for the current 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.