Intact Investment Management Inc. Increases Stock Position in Lightspeed Commerce Inc. (NYSE:LSPD)

Intact Investment Management Inc. grew its holdings in shares of Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 10,117.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 877,680 shares of the company's stock after buying an additional 869,090 shares during the period. Intact Investment Management Inc. owned 0.57% of Lightspeed Commerce worth $14,473,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LSPD. Vanguard Group Inc. raised its position in shares of Lightspeed Commerce by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 5,099,482 shares of the company's stock worth $71,699,000 after purchasing an additional 62,394 shares during the last quarter. Westfield Capital Management Co. LP bought a new stake in Lightspeed Commerce during the 1st quarter valued at about $34,984,000. Dimensional Fund Advisors LP raised its holdings in Lightspeed Commerce by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,205,168 shares of the company's stock worth $30,189,000 after buying an additional 64,944 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Lightspeed Commerce by 4.9% in the second quarter. Bank of Montreal Can now owns 2,059,914 shares of the company's stock worth $28,281,000 after buying an additional 95,832 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of Lightspeed Commerce by 306.5% in the second quarter. Marshall Wace LLP now owns 807,219 shares of the company's stock worth $11,051,000 after buying an additional 608,661 shares in the last quarter. 68.68% of the stock is owned by hedge funds and other institutional investors.

Lightspeed Commerce Price Performance

Shares of LSPD stock traded up $0.22 during trading hours on Monday, hitting $15.11. The stock had a trading volume of 812,238 shares, compared to its average volume of 1,100,352. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.19 and a quick ratio of 6.06. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of -15.19, a PEG ratio of 9.52 and a beta of 2.35. Lightspeed Commerce Inc. has a one year low of $11.01 and a one year high of $21.71. The stock's 50-day moving average price is $14.50 and its two-hundred day moving average price is $14.00.

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

Analysts Set New Price Targets

LSPD has been the topic of a number of research analyst reports. Benchmark reaffirmed a "buy" rating and set a $20.00 price target on shares of Lightspeed Commerce in a report on Thursday, September 26th. BMO Capital Markets lifted 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. JPMorgan Chase & Co. dropped their target price on shares of Lightspeed Commerce from $15.00 to $14.00 and set a "neutral" rating on the stock in a report on Tuesday, August 20th. Piper Sandler decreased their target price on shares of Lightspeed Commerce from $17.00 to $15.00 and set a "neutral" rating for the company in a research note on Friday, August 2nd. Finally, TD Securities dropped their price target on Lightspeed Commerce from $16.00 to $15.00 and set a "hold" rating on the stock in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Lightspeed Commerce presently has an average rating of "Hold" and an average price target of $18.69.

Lightspeed Commerce 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.