Mackenzie Financial Corp Acquires 220,000 Shares of Lightspeed Commerce Inc. (NYSE:LSPD)

Mackenzie Financial Corp increased its position in shares of Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 156.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 360,221 shares of the company's stock after acquiring an additional 220,000 shares during the quarter. Mackenzie Financial Corp owned about 0.24% of Lightspeed Commerce worth $5,487,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. raised its holdings in Lightspeed Commerce by 214.4% during the 4th quarter. Blue Trust Inc. now owns 1,503 shares of the company's stock worth $25,000 after buying an additional 1,025 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings 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 period. Bayesian Capital Management LP acquired a new stake in Lightspeed Commerce during the 4th quarter worth approximately $165,000. Susquehanna Fundamental Investments LLC acquired a new stake in Lightspeed Commerce during the 4th quarter worth approximately $256,000. Finally, Twinbeech Capital LP acquired a new stake in Lightspeed Commerce during the 4th quarter worth approximately $261,000. Institutional investors own 68.68% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LSPD. Wells Fargo & Company lowered their price objective on shares of Lightspeed Commerce from $13.00 to $11.00 and set an "equal weight" rating on the stock in a report on Friday, March 28th. Stifel Nicolaus lowered their price objective on shares of Lightspeed Commerce from $15.00 to $12.00 and set a "hold" rating on the stock in a report on Friday, March 28th. Piper Sandler lowered their price objective on shares of Lightspeed Commerce from $13.00 to $11.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Truist Financial assumed coverage on shares of Lightspeed Commerce in a research note on Monday. They issued a "hold" rating and a $11.00 target price for the company. Finally, UBS Group decreased their target price on shares of Lightspeed Commerce from $17.00 to $14.50 and set a "neutral" rating for the company in a research note on Friday, February 7th. 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. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $14.04.

Lightspeed Commerce Trading Up 2.1%

Shares of Lightspeed Commerce stock traded up $0.22 on Monday, hitting $10.70. The stock had a trading volume of 917,420 shares, compared to its average volume of 919,216. The stock has a 50 day moving average of $9.71 and a 200 day moving average of $12.80. Lightspeed Commerce Inc. has a twelve month low of $7.34 and a twelve month high of $18.96. The firm has a market capitalization of $1.64 billion, a P/E ratio of -13.37, a PEG ratio of 3.03 and a beta of 2.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.99 and a current ratio of 6.10.

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