Louisbourg Investments Inc. Acquires 99,357 Shares of Lightspeed Commerce Inc. $LSPD

Louisbourg Investments Inc. increased its holdings in shares of Lightspeed Commerce Inc. (NYSE:LSPD) by 18.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 652,062 shares of the company’s stock after acquiring an additional 99,357 shares during the period. Lightspeed Commerce comprises approximately 1.5% of Louisbourg Investments Inc.’s portfolio, making the stock its 19th biggest holding. Louisbourg Investments Inc.’s holdings in Lightspeed Commerce were worth $7,527,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Invesco Ltd. boosted its stake in Lightspeed Commerce by 2.9% in the 2nd quarter. Invesco Ltd. now owns 29,567 shares of the company’s stock worth $346,000 after purchasing an additional 835 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Lightspeed Commerce by 25.9% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 14,096 shares of the company’s stock worth $165,000 after buying an additional 2,899 shares in the last quarter. TD Waterhouse Canada Inc. boosted its position in shares of Lightspeed Commerce by 8.5% during the second quarter. TD Waterhouse Canada Inc. now owns 43,231 shares of the company’s stock worth $502,000 after acquiring an additional 3,401 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Lightspeed Commerce by 106.4% during the second quarter. Russell Investments Group Ltd. now owns 10,386 shares of the company’s stock worth $122,000 after acquiring an additional 5,354 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Lightspeed Commerce by 8.1% during the second quarter. Geode Capital Management LLC now owns 78,301 shares of the company’s stock valued at $922,000 after acquiring an additional 5,834 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 Lightspeed Commerce stock opened at $12.01 on Friday. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of -2.64, a price-to-earnings-growth ratio of 19.45 and a beta of 2.16. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.58 and a current ratio of 4.66. The stock has a 50 day moving average price of $11.80 and a 200-day moving average price of $11.94. Lightspeed Commerce Inc. has a one year low of $7.34 and a one year high of $16.40.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.05. The company had revenue of $318.96 million for the quarter, compared to analyst estimates of $308.90 million. Lightspeed Commerce had a positive return on equity of 0.39% and a negative net margin of 59.16%.Lightspeed Commerce’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 EPS. Equities analysts expect that Lightspeed Commerce Inc. will post 0.08 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. BTIG Research reiterated a “buy” rating and issued a $16.00 price target on shares of Lightspeed Commerce in a research note on Wednesday, November 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lightspeed Commerce in a research report on Wednesday, October 8th. TD Securities initiated coverage on Lightspeed Commerce in a report on Friday, October 3rd. They set a “hold” rating and a $13.00 price target for the company. Zacks Research raised Lightspeed Commerce from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. Finally, National Bankshares lowered their target price on Lightspeed Commerce from $15.00 to $13.00 and set a “sector perform” rating for the company in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $13.72.

Lightspeed Commerce Profile

Lightspeed Commerce Inc is a Canadian technology company that develops cloud-based point-of-sale (POS) and e-commerce software for small and medium-sized businesses across the retail and hospitality sectors. Its integrated platform enables merchants to manage sales, inventory, customer relationships and analytics through a single interface. By combining in-store and online channels, Lightspeed helps businesses streamline operations and improve customer engagement in an increasingly omnichannel marketplace.

The company’s product suite includes POS terminals, payment processing services, inventory management tools, customer loyalty programs and data reporting dashboards.