LMR Partners LLP Purchases New Position in Lightspeed Commerce Inc. (NYSE:LSPD)

LMR Partners LLP purchased a new stake in Lightspeed Commerce Inc. (NYSE:LSPD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 148,000 shares of the company’s stock, valued at approximately $2,441,000.

Several other large investors have also added to or reduced their stakes in LSPD. Vanguard Group Inc. lifted its position in Lightspeed Commerce by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 5,099,482 shares of the company’s stock valued at $71,699,000 after acquiring an additional 62,394 shares in the last quarter. Boulder Hill Capital Management LP bought a new position in shares of Lightspeed Commerce during the 1st quarter worth approximately $811,000. Harbor Capital Advisors Inc. lifted its position in shares of Lightspeed Commerce by 297.6% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 90,296 shares of the company’s stock worth $1,236,000 after buying an additional 67,584 shares in the last quarter. Addenda Capital Inc. lifted its position in shares of Lightspeed Commerce by 10.5% during the 2nd quarter. Addenda Capital Inc. now owns 44,041 shares of the company’s stock worth $603,000 after buying an additional 4,196 shares in the last quarter. Finally, NewGen Asset Management Ltd bought a new position in shares of Lightspeed Commerce during the 2nd quarter worth approximately $9,241,000. Institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Stock Up 1.5 %

LSPD opened at $17.54 on Tuesday. The company has a fifty day moving average price of $15.45 and a 200-day moving average price of $14.29. The firm has a market capitalization of $2.66 billion, a P/E ratio of -19.70, a price-to-earnings-growth ratio of 6.57 and a beta of 2.35. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.08 and a quick ratio of 5.94. Lightspeed Commerce Inc. has a one year low of $11.01 and a one year high of $21.71.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Lightspeed Commerce had a negative net margin of 13.56% and a negative return on equity of 0.10%. The firm had revenue of $277.18 million during the quarter, compared to analyst estimates of $273.90 million. Equities research analysts expect that Lightspeed Commerce Inc. will post 0.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on LSPD shares. Jefferies Financial Group dropped their target price on shares of Lightspeed Commerce from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, August 21st. JPMorgan Chase & Co. lifted their target price on shares of Lightspeed Commerce from $20.00 to $26.00 in a research report on Friday, November 8th. Benchmark lifted their target price on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Piper Sandler lifted their target price on shares of Lightspeed Commerce from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Finally, TD Securities raised their price target on shares of Lightspeed Commerce from $15.00 to $19.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Nine analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.88.

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.