Louisbourg Investments Inc. Has $6 Million Stake in Lightspeed Commerce Inc. (NYSE:LSPD)

Louisbourg Investments Inc. raised its stake in shares of Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 36.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 684,509 shares of the company's stock after acquiring an additional 181,891 shares during the quarter. Lightspeed Commerce makes up 1.5% of Louisbourg Investments Inc.'s portfolio, making the stock its 20th largest holding. Louisbourg Investments Inc. owned about 0.45% of Lightspeed Commerce worth $5,995,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Lightspeed Commerce by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 5,333,306 shares of the company's stock valued at $81,319,000 after purchasing an additional 70,324 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Lightspeed Commerce by 37,065.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,181,809 shares of the company's stock worth $63,688,000 after purchasing an additional 4,170,557 shares during the period. Nuveen Asset Management LLC grew its position in shares of Lightspeed Commerce by 0.8% in the 4th quarter. Nuveen Asset Management LLC now owns 3,149,919 shares of the company's stock valued at $48,009,000 after purchasing an additional 24,891 shares during the period. Bank of Montreal Can increased its stake in Lightspeed Commerce by 1.1% during the 4th quarter. Bank of Montreal Can now owns 2,022,590 shares of the company's stock worth $30,803,000 after purchasing an additional 21,357 shares in the last quarter. Finally, Intact Investment Management Inc. increased its stake in Lightspeed Commerce by 94.5% during the 4th quarter. Intact Investment Management Inc. now owns 1,707,257 shares of the company's stock worth $26,031,000 after purchasing an additional 829,577 shares in 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 topic of a number of recent research reports. Bank of America dropped their target price on Lightspeed Commerce from $20.00 to $18.00 and set a "buy" rating on the stock in a research report on Thursday, March 27th. Stifel Nicolaus decreased their target price on shares of Lightspeed Commerce from $15.00 to $12.00 and set a "hold" rating for the company in a research report on Friday, March 28th. Wells Fargo & Company cut their price target on shares of Lightspeed Commerce from $13.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Friday, March 28th. Royal Bank of Canada reduced their price objective on shares of Lightspeed Commerce from $20.00 to $15.00 and set an "outperform" rating for the company in a research note on Tuesday, March 25th. Finally, Benchmark lowered their target price on Lightspeed Commerce from $21.00 to $16.00 and set a "buy" rating on the stock in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Lightspeed Commerce presently has a consensus rating of "Hold" and a consensus target price of $14.04.

Lightspeed Commerce Stock Performance

Lightspeed Commerce stock traded down $0.09 during mid-day trading on Tuesday, hitting $11.26. 615,108 shares of the company's stock traded hands, compared to its average volume of 928,441. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.10 and a quick ratio of 5.99. The firm has a 50 day simple moving average of $10.30 and a two-hundred day simple moving average of $12.34. Lightspeed Commerce Inc. has a fifty-two week low of $7.34 and a fifty-two week high of $18.96. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of -14.07, a P/E/G ratio of 3.03 and a beta of 2.47.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). Lightspeed Commerce had a positive return on equity of 0.61% and a negative net margin of 11.75%. The firm had revenue of $253.42 million for the quarter, compared to the consensus estimate of $252.51 million. During the same quarter in the previous year, the business earned $0.06 EPS. The firm's quarterly revenue was up 10.1% on a year-over-year basis. On average, research analysts expect that Lightspeed Commerce Inc. will post 0.08 EPS for the current fiscal year.

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.