NINE MASTS CAPITAL Ltd Buys New Shares in Lightspeed Commerce Inc. (NYSE:LSPD)

NINE MASTS CAPITAL Ltd acquired a new position in Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 38,000 shares of the company's stock, valued at approximately $579,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. State Street Corp raised its stake in Lightspeed Commerce by 29.1% in the third quarter. State Street Corp now owns 353,472 shares of the company's stock worth $5,829,000 after buying an additional 79,696 shares in the last quarter. Intact Investment Management Inc. grew its holdings in shares of Lightspeed Commerce by 10,117.5% during the 3rd quarter. Intact Investment Management Inc. now owns 877,680 shares of the company's stock worth $14,473,000 after acquiring an additional 869,090 shares during the period. Verition Fund Management LLC purchased a new position in shares of Lightspeed Commerce during the 3rd quarter worth approximately $499,000. Westfield Capital Management Co. LP raised 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 worth $54,838,000 after acquiring an additional 766,688 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Lightspeed Commerce by 226.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 370,500 shares of the company's stock valued at $6,108,000 after purchasing an additional 256,900 shares during the period. 68.68% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

LSPD has been the subject of a number of research reports. Royal Bank of Canada upgraded Lightspeed Commerce from a "strong sell" rating to a "moderate buy" rating in a report on Friday, November 8th. Barclays dropped their target price on shares of Lightspeed Commerce from $18.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. TD Securities boosted their price objective on shares of Lightspeed Commerce from $15.00 to $19.00 and gave the stock a "hold" rating in a report on Friday, November 8th. Piper Sandler lowered their price objective 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. Finally, 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. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $18.39.

Lightspeed Commerce Stock Performance

Shares of LSPD stock traded down $0.39 during mid-day trading on Thursday, reaching $11.39. 1,505,455 shares of the company's stock traded hands, compared to its average volume of 861,052. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.99 and a current ratio of 6.10. The firm has a market capitalization of $1.74 billion, a PE ratio of -14.23, a price-to-earnings-growth ratio of 3.03 and a beta of 2.44. Lightspeed Commerce Inc. has a 12 month low of $11.01 and a 12 month high of $18.96. The firm has a 50 day moving average price of $14.17 and a two-hundred day moving average price of $15.01.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last released 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%. On average, research analysts forecast that Lightspeed Commerce Inc. will post 0.08 EPS for the current year.

About Lightspeed Commerce

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.