Lightspeed Commerce Inc. (NYSE:LSPD) Shares Bought by Louisbourg Investments Inc.

Louisbourg Investments Inc. grew its position in Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 36.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 684,509 shares of the company's stock after purchasing an additional 181,891 shares during the quarter. Lightspeed Commerce comprises approximately 1.5% of Louisbourg Investments Inc.'s investment portfolio, making the stock its 20th biggest holding. Louisbourg Investments Inc. owned about 0.45% of Lightspeed Commerce worth $5,995,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Lightspeed Commerce by 27.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,073 shares of the company's stock worth $158,000 after buying an additional 2,168 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in Lightspeed Commerce in the fourth quarter worth about $165,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Lightspeed Commerce during the fourth quarter worth about $256,000. Twinbeech Capital LP purchased a new stake in shares of Lightspeed Commerce during the fourth quarter worth about $261,000. Finally, Scotia Capital Inc. increased its holdings in shares of 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 acquiring an additional 2,053 shares in the last quarter. 68.68% of the stock is owned by institutional investors and hedge funds.

Lightspeed Commerce Stock Performance

Shares of NYSE LSPD traded down $0.32 during midday trading on Friday, reaching $10.88. 990,729 shares of the stock were exchanged, compared to its average volume of 1,031,542. The company has a quick ratio of 5.26, a current ratio of 5.36 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of -2.48, a PEG ratio of 3.27 and a beta of 2.47. The firm has a 50-day simple moving average of $10.43 and a two-hundred day simple moving average of $12.28. Lightspeed Commerce Inc. has a twelve month low of $7.34 and a twelve month high of $18.96.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). Lightspeed Commerce had a positive return on equity of 0.79% and a negative net margin of 61.96%. The firm had revenue of $253.42 million for the quarter, compared to analysts' expectations of $252.51 million. During the same period last year, the company posted $0.06 earnings per share. The business's quarterly revenue was up 10.1% on a year-over-year basis. As a group, analysts anticipate that Lightspeed Commerce Inc. will post 0.08 EPS for the current fiscal year.

Analysts Set New Price Targets

LSPD has been the topic of several research analyst reports. Truist Financial initiated coverage on shares of Lightspeed Commerce in a research report on Monday, June 2nd. They set a "hold" rating and a $11.00 target price on the stock. Barclays dropped their price objective on shares of Lightspeed Commerce from $13.00 to $12.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. National Bankshares reduced their target price on Lightspeed Commerce from $15.00 to $13.10 and set a "sector perform" rating for the company in a research note on Friday, April 25th. Piper Sandler dropped their price target on Lightspeed Commerce from $13.00 to $11.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Finally, Bank of America cut their price objective on Lightspeed Commerce from $20.00 to $18.00 and set a "buy" rating on the stock in a report on Thursday, March 27th. One 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. Based on data from MarketBeat, Lightspeed Commerce has a consensus rating of "Hold" and a consensus price target of $14.04.

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.