78,000 Shares in Lightspeed Commerce Inc. $LSPD Purchased by Spark Investment Management LLC

Spark Investment Management LLC bought a new stake in shares of Lightspeed Commerce Inc. (NYSE:LSPD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 78,000 shares of the company’s stock, valued at approximately $900,000. Lightspeed Commerce accounts for approximately 2.2% of Spark Investment Management LLC’s holdings, making the stock its 11th largest position.

A number of other institutional investors also recently made changes to their positions in LSPD. Headlands Technologies LLC bought a new position in shares of Lightspeed Commerce in the second quarter valued at approximately $92,000. Russell Investments Group Ltd. lifted its position in Lightspeed Commerce by 106.4% in the second quarter. Russell Investments Group Ltd. now owns 10,386 shares of the company’s stock worth $122,000 after purchasing an additional 5,354 shares during the period. Magnetar Financial LLC bought a new position in Lightspeed Commerce during the 2nd quarter valued at $156,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Lightspeed Commerce by 25.9% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 14,096 shares of the company’s stock valued at $165,000 after purchasing an additional 2,899 shares during the period. Finally, Invesco Ltd. increased its position in shares of Lightspeed Commerce by 2.9% during the 2nd quarter. Invesco Ltd. now owns 29,567 shares of the company’s stock valued at $346,000 after purchasing an additional 835 shares during the period. 68.68% of the stock is owned by institutional investors and hedge funds.

Lightspeed Commerce Trading Down 4.2%

Lightspeed Commerce stock opened at $9.03 on Monday. Lightspeed Commerce Inc. has a 52 week low of $7.34 and a 52 week high of $14.34. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.44 and a current ratio of 4.52. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of -1.95, a P/E/G ratio of 10.63 and a beta of 2.09. The company has a 50 day moving average price of $10.81 and a 200 day moving average price of $11.52.

Lightspeed Commerce (NYSE:LSPD) last issued its earnings results on Thursday, February 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.13 by $0.02. Lightspeed Commerce had a positive return on equity of 0.37% and a negative net margin of 58.15%.The business had revenue of $312.35 million during the quarter, compared to analysts’ expectations of $311.28 million. During the same quarter last year, the firm posted $0.12 earnings per share. Lightspeed Commerce’s revenue was up 11.5% compared to the same quarter last year. Research analysts forecast that Lightspeed Commerce Inc. will post 0.08 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on LSPD shares. Royal Bank Of Canada decreased their target price on Lightspeed Commerce from $15.00 to $13.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. TD Securities upgraded shares of Lightspeed Commerce to a “hold” rating in a research report on Thursday, January 15th. Zacks Research lowered shares of Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Barclays decreased their price target on shares of Lightspeed Commerce from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Monday, January 12th. Finally, Truist Financial dropped their price target on Lightspeed Commerce from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, February 11th. Five equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lightspeed Commerce has an average rating of “Hold” and an average price target of $13.33.

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.