Lightspeed Commerce Inc. (NYSE:LSPD) Shares Sold by Alberta Investment Management Corp

Key Points

• Alberta Investment Management Corp reduced its stake in Lightspeed Commerce by 31.3% in the 1st quarter, owning approximately $904,000 worth of shares after selling 47,000 shares.
• Lightspeed Commerce reported a negative net margin of 61.11% and missed earnings expectations, posting $0.06 EPS against a consensus estimate of $0.11.
• Analysts have varying ratings on Lightspeed Commerce, with a consensus rating of "Hold" and an average target price of $14.74.

Alberta Investment Management Corp reduced its stake in shares of Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 31.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 103,300 shares of the company's stock after selling 47,000 shares during the quarter. Alberta Investment Management Corp owned 0.07% of Lightspeed Commerce worth $904,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Tempus Wealth Planning LLC purchased a new position in Lightspeed Commerce during the first quarter valued at approximately $119,000. Bayesian Capital Management LP purchased a new position in Lightspeed Commerce during the fourth quarter valued at approximately $165,000. Susquehanna Fundamental Investments LLC purchased a new position in Lightspeed Commerce during the fourth quarter valued at approximately $256,000. ANTIPODES PARTNERS Ltd purchased a new position in Lightspeed Commerce during the first quarter valued at approximately $259,000. Finally, Twinbeech Capital LP purchased a new position in Lightspeed Commerce during the fourth quarter valued at approximately $261,000. 68.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on LSPD shares. National Bankshares lifted their price target on Lightspeed Commerce from $13.00 to $15.00 and gave the company a "sector perform" rating in a research report on Friday. Scotiabank raised their price objective on Lightspeed Commerce from $10.00 to $12.00 and gave the company a "sector perform" rating in a report on Monday, July 28th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $9.00 price objective (down from $10.00) on shares of Lightspeed Commerce in a report on Monday, April 14th. Morgan Stanley dropped their price objective on Lightspeed Commerce from $14.00 to $12.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Finally, Truist Financial raised their price objective on Lightspeed Commerce from $11.00 to $12.00 and gave the company a "hold" rating in a report on Thursday, July 17th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $14.74.

Lightspeed Commerce Price Performance

Shares of NYSE:LSPD traded up $0.25 during trading on Monday, reaching $12.55. The stock had a trading volume of 594,213 shares, compared to its average volume of 650,957. The business has a fifty day moving average price of $11.82 and a 200-day moving average price of $11.40. The stock has a market cap of $1.72 billion, a PE ratio of -2.79, a PEG ratio of 3.94 and a beta of 2.48. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.50 and a current ratio of 4.60. Lightspeed Commerce Inc. has a 1-year low of $7.34 and a 1-year high of $18.96.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.05). The company had revenue of $304.94 million for the quarter, compared to analyst estimates of $287.28 million. Lightspeed Commerce had a positive return on equity of 0.33% and a negative net margin of 61.11%. The business's quarterly revenue was up 14.6% on a year-over-year basis. During the same period last year, the firm posted $0.10 EPS. On average, equities analysts forecast that Lightspeed Commerce Inc. will post 0.08 earnings per share for the current fiscal year.

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.