Lightspeed Commerce Inc. $LSPD Stock: Louisbourg Investments Inc. Boosts Position

Key Points

• Louisbourg Investments increased its Lightspeed Commerce position by 17% in the third quarter, adding 98,184 shares for a total of 676,164 shares valued at $6.62 million. Institutional investors collectively own 68.68% of the company.
• Analyst sentiment remains mixed, with four Buy, nine Hold and three Sell ratings; the consensus rating is Hold with an average price target of $11.27.
• Lightspeed reported quarterly revenue of $322.7 million, up 5.8% year over year and above expectations, while adjusted EPS of $0.13 beat estimates by $0.02. The stock opened at $11.14, within its 12-month range of $7.83 to $13.72.

Louisbourg Investments Inc. increased its position in Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 17.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 676,164 shares of the company's stock after buying an additional 98,184 shares during the period. Louisbourg Investments Inc. owned 0.49% of Lightspeed Commerce worth $6,624,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Amundi purchased a new position in Lightspeed Commerce during the 1st quarter valued at approximately $121,000. Squarepoint Ops LLC bought a new stake in Lightspeed Commerce in the 2nd quarter worth approximately $128,000. Pictet Asset Management Holding SA raised its holdings in shares of Lightspeed Commerce by 5.7% during the 1st quarter. Pictet Asset Management Holding SA now owns 26,557 shares of the company's stock worth $237,000 after acquiring an additional 1,439 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Lightspeed Commerce during the 2nd quarter worth approximately $540,000. Finally, TD Waterhouse Canada Inc. raised its holdings in shares of Lightspeed Commerce by 28.3% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 59,396 shares of the company's stock worth $642,000 after acquiring an additional 13,103 shares in the last quarter. 68.68% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LSPD has been the subject of a number of research reports. Morgan Stanley lowered their target price on Lightspeed Commerce from $11.50 to $9.50 and set an "equal weight" rating for the company in a research report on Monday, September 28th. Royal Bank Of Canada boosted their price target on shares of Lightspeed Commerce from $10.00 to $13.00 and gave the stock an "outperform" rating in a research report on Monday, August 31st. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Lightspeed Commerce in a research note on Thursday, October 15th. Finally, JPMorgan Chase & Co. upped their price target on shares of Lightspeed Commerce from $11.00 to $12.00 and gave the company an "underweight" rating in a research note on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $11.27.

Lightspeed Commerce Trading Up 3.5%

LSPD opened at $11.14 on Wednesday. The firm has a market cap of $1.54 billion, a P/E ratio of -15.92, a P/E/G ratio of 1.55 and a beta of 1.84. Lightspeed Commerce Inc. has a 12 month low of $7.83 and a 12 month high of $13.72. The company has a current ratio of 3.55, a quick ratio of 3.45 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average of $10.24 and a 200 day moving average of $9.85.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. Lightspeed Commerce had a positive return on equity of 1.06% and a negative net margin of 7.81%. The company had revenue of $322.70 million for the quarter, compared to analysts' expectations of $310.58 million. During the same period in the previous year, the firm posted $0.06 earnings per share. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. As a group, research analysts forecast that Lightspeed Commerce Inc. will post 0.23 EPS for the current year.

Lightspeed Commerce Company Profile

Lightspeed Commerce Inc is a Montreal-based technology company that provides cloud commerce software for small and mid-sized businesses. Its platform is designed for retailers, restaurants, hospitality operators and golf businesses, helping them manage sales, payments, inventory, customer relationships and day-to-day operations through integrated point-of-sale systems.

Lightspeed's products include retail and restaurant point-of-sale software, payment processing, e-commerce capabilities, inventory and supplier management, appointment and table-management tools, analytics, employee management and customer loyalty features.

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