Susquehanna Fundamental Investments LLC Invests $956,000 in Lightspeed Commerce Inc. (NYSE:LSPD)

Susquehanna Fundamental Investments LLC bought a new stake in Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 69,800 shares of the company's stock, valued at approximately $956,000.

Other hedge funds also recently modified their holdings of the company. TD Asset Management Inc lifted its position in Lightspeed Commerce by 0.5% in the 4th quarter. TD Asset Management Inc now owns 361,808 shares of the company's stock worth $7,633,000 after buying an additional 1,938 shares in the last quarter. Addenda Capital Inc. raised its holdings in shares of Lightspeed Commerce by 5.3% during the first quarter. Addenda Capital Inc. now owns 39,845 shares of the company's stock worth $560,000 after acquiring an additional 1,990 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings 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 worth $1,567,000 after acquiring an additional 2,459 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. acquired a new stake in Lightspeed Commerce during the first quarter valued at $35,000. Finally, Toronto Dominion Bank grew its stake in 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 purchasing an additional 3,482 shares in the last quarter. Hedge funds and other institutional investors own 68.68% of the company's stock.

Lightspeed Commerce Stock Performance

Shares of NYSE:LSPD traded down $0.23 on Thursday, hitting $16.09. 563,682 shares of the company were exchanged, compared to its average volume of 1,161,671. The company's 50 day moving average price is $13.34 and its two-hundred day moving average price is $13.72. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of -15.00, a PEG ratio of 8.59 and a beta of 2.34. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.06 and a current ratio of 6.19. Lightspeed Commerce Inc. has a one year low of $11.01 and a one year high of $21.71.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.07 by $0.03. Lightspeed Commerce had a negative return on equity of 0.99% and a negative net margin of 15.55%. The firm had revenue of $266.10 million during the quarter, compared to analysts' expectations of $258.58 million. During the same quarter in the prior year, the firm posted ($0.14) EPS. The company's revenue for the quarter was up 27.3% on a year-over-year basis. Research analysts expect that Lightspeed Commerce Inc. will post 0.05 earnings per share for the current year.

Analysts Set New Price Targets

LSPD has been the subject of several research reports. Jefferies Financial Group reduced their price target on Lightspeed Commerce from $22.00 to $20.00 and set a "hold" rating for the company in a report on Wednesday, August 21st. BMO Capital Markets increased their price target on shares of Lightspeed Commerce from $18.00 to $20.00 and gave the stock an "outperform" rating in a research note on Thursday, September 26th. Wells Fargo & Company reduced their price objective on shares of Lightspeed Commerce from $17.00 to $15.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 31st. JPMorgan Chase & Co. lowered their target price on shares of Lightspeed Commerce from $15.00 to $14.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 20th. Finally, Piper Sandler cut their target price on Lightspeed Commerce from $17.00 to $15.00 and set a "neutral" rating on the stock in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Lightspeed Commerce has a consensus rating of "Hold" and a consensus price target of $18.59.

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.