Alberta Investment Management Corp Sells 47,000 Shares of Lightspeed Commerce Inc. (NYSE:LSPD)

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 decreased its stake in shares of Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 31.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,300 shares of the company's stock after selling 47,000 shares during the period. Alberta Investment Management Corp owned approximately 0.07% of Lightspeed Commerce worth $904,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Bayesian Capital Management LP bought a new stake in shares of Lightspeed Commerce in the 4th quarter valued at about $165,000. Tempus Wealth Planning LLC acquired a new stake in Lightspeed Commerce during the 1st quarter worth approximately $119,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Lightspeed Commerce in the fourth quarter valued at approximately $256,000. Twinbeech Capital LP purchased a new position in Lightspeed Commerce during the fourth quarter worth about $261,000. Finally, Scotia Capital Inc. raised its stake in Lightspeed Commerce by 12.0% during the fourth quarter. Scotia Capital Inc. now owns 19,225 shares of the company's stock valued at $293,000 after buying an additional 2,053 shares during the last quarter. Institutional investors and hedge funds own 68.68% of the company's stock.

Wall Street Analyst Weigh In

LSPD has been the subject of a number of recent research reports. Scotiabank boosted their price target on shares of Lightspeed Commerce from $10.00 to $12.00 and gave the stock a "sector perform" rating in a research note on Monday, July 28th. Barclays raised their target price on shares of Lightspeed Commerce from $12.00 to $15.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Truist Financial upped their price target on shares of Lightspeed Commerce from $11.00 to $12.00 and gave the company a "hold" rating in a research note on Thursday, July 17th. National Bankshares raised their price target on shares of Lightspeed Commerce from $13.00 to $15.00 and gave the company a "sector perform" rating in a report on Friday, August 1st. Finally, Benchmark lifted their target price on shares of Lightspeed Commerce from $16.00 to $18.00 and gave the company a "buy" rating in a report on Friday, August 1st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $14.74.

Lightspeed Commerce Stock Down 1.8%

LSPD stock traded down $0.23 during mid-day trading on Thursday, hitting $12.33. 393,798 shares of the company were exchanged, compared to its average volume of 937,516. Lightspeed Commerce Inc. has a twelve month low of $7.34 and a twelve month high of $18.96. The company has a market capitalization of $1.69 billion, a PE ratio of -2.74, a price-to-earnings-growth ratio of 3.99 and a beta of 2.48. The firm has a fifty day simple moving average of $11.90 and a 200 day simple moving average of $11.42. The company has a current ratio of 4.60, a quick ratio of 4.50 and a debt-to-equity ratio of 0.01.

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