Kent Lake Capital LLC Takes Position in Lightspeed Commerce Inc. (NYSE:LSPD)

Kent Lake Capital LLC purchased a new position in shares of Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 250,000 shares of the company's stock, valued at approximately $5,248,000. Lightspeed Commerce makes up about 2.0% of Kent Lake Capital LLC's investment portfolio, making the stock its 22nd biggest holding. Kent Lake Capital LLC owned 0.16% of Lightspeed Commerce at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Artisan Partners Limited Partnership raised its holdings in shares of Lightspeed Commerce by 13.4% during the fourth quarter. Artisan Partners Limited Partnership now owns 5,297,686 shares of the company's stock worth $111,232,000 after acquiring an additional 627,796 shares during the period. Vanguard Group Inc. raised its holdings in shares of Lightspeed Commerce by 1.5% during the third quarter. Vanguard Group Inc. now owns 4,938,501 shares of the company's stock worth $69,287,000 after acquiring an additional 72,890 shares during the period. Royal Bank of Canada raised its holdings in shares of Lightspeed Commerce by 249.8% during the first quarter. Royal Bank of Canada now owns 3,280,715 shares of the company's stock worth $99,964,000 after acquiring an additional 2,342,867 shares during the period. Wellington Management Group LLP raised its holdings in shares of Lightspeed Commerce by 19.0% during the third quarter. Wellington Management Group LLP now owns 2,674,070 shares of the company's stock worth $37,517,000 after acquiring an additional 427,320 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Lightspeed Commerce by 14.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,965,996 shares of the company's stock worth $41,267,000 after acquiring an additional 246,741 shares during the period. 68.68% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on LSPD shares. Wells Fargo & Company lowered their price target on shares of Lightspeed Commerce from $20.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Friday, February 9th. BMO Capital Markets lowered their price target on shares of Lightspeed Commerce from $21.00 to $19.00 and set an "outperform" rating on the stock in a research note on Friday, February 9th. BTIG Research lifted their price target on shares of Lightspeed Commerce from $20.00 to $24.00 and gave the company a "buy" rating in a research note on Thursday, December 28th. Barclays lowered their price target on shares of Lightspeed Commerce from $23.00 to $20.00 and set an "overweight" rating on the stock in a research note on Friday, February 9th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Lightspeed Commerce from $19.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, February 9th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $19.03.

Lightspeed Commerce Stock Performance

NYSE LSPD traded up $0.29 during trading on Friday, reaching $14.11. The company's stock had a trading volume of 857,285 shares, compared to its average volume of 1,036,825. The company has a current ratio of 6.21, a quick ratio of 6.09 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of -10.45 and a beta of 2.37. Lightspeed Commerce Inc. has a 12 month low of $12.23 and a 12 month high of $21.71. The firm has a 50 day moving average price of $14.61 and a 200 day moving average price of $15.76.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.20) by $0.12. The firm had revenue of $239.70 million during the quarter, compared to the consensus estimate of $236.31 million. Lightspeed Commerce had a negative net margin of 23.85% and a negative return on equity of 2.68%. As a group, equities analysts anticipate that Lightspeed Commerce Inc. will post -0.5 EPS for the current fiscal year.

Lightspeed Commerce Company 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.