PDT Partners LLC Invests $659,000 in Lightspeed Commerce Inc. (NYSE:LSPD)

PDT Partners LLC bought a new stake in Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 39,962 shares of the company's stock, valued at approximately $659,000.

A number of other institutional investors also recently modified their holdings of LSPD. Toronto Dominion Bank boosted its position in shares of Lightspeed Commerce by 102.8% during the second quarter. Toronto Dominion Bank now owns 6,870 shares of the company's stock valued at $94,000 after buying an additional 3,482 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Lightspeed Commerce in the 2nd quarter worth $181,000. Aigen Investment Management LP purchased a new stake in shares of Lightspeed Commerce in the third quarter valued at about $225,000. Algert Global LLC bought a new position in shares of Lightspeed Commerce during the third quarter valued at about $448,000. Finally, Verition Fund Management LLC purchased a new position in Lightspeed Commerce during the third quarter worth about $499,000. 68.68% of the stock is owned by institutional investors and hedge funds.

Lightspeed Commerce Price Performance

Shares of Lightspeed Commerce stock traded up $0.25 during trading on Tuesday, hitting $17.37. The stock had a trading volume of 575,316 shares, compared to its average volume of 1,098,344. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of -19.52 and a beta of 2.40. Lightspeed Commerce Inc. has a 12 month low of $11.01 and a 12 month high of $21.71. The business's 50-day moving average is $16.50 and its 200 day moving average is $14.62. The company has a current ratio of 6.08, a quick ratio of 5.94 and a debt-to-equity ratio of 0.01.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $277.18 million for the quarter, compared to analysts' expectations of $273.90 million. As a group, sell-side analysts anticipate that Lightspeed Commerce Inc. will post -0.02 earnings per share for the current year.

Wall Street Analyst Weigh In

LSPD has been the topic of several recent analyst reports. BMO Capital Markets lifted their target price on shares of Lightspeed Commerce from $18.00 to $20.00 and gave the stock an "outperform" rating in a research report on Thursday, September 26th. Piper Sandler boosted their target price on shares of Lightspeed Commerce from $15.00 to $17.00 and gave the company a "neutral" rating in a research note on Monday, November 11th. JPMorgan Chase & Co. lifted their price target on shares of Lightspeed Commerce from $20.00 to $26.00 in a report on Friday, November 8th. Jefferies Financial Group decreased their target price on Lightspeed Commerce from $22.00 to $20.00 and set a "hold" rating for the company in a research report on Wednesday, August 21st. Finally, BTIG Research reaffirmed a "buy" rating and set a $21.00 price target on shares of Lightspeed Commerce in a research report on Thursday, September 26th. Nine investment 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $19.88.

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.