Louisbourg Investments Inc. Buys 99,357 Shares of Lightspeed Commerce Inc. $LSPD

Louisbourg Investments Inc. grew its stake in shares of Lightspeed Commerce Inc. (NYSE:LSPD) by 18.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 652,062 shares of the company’s stock after acquiring an additional 99,357 shares during the quarter. Lightspeed Commerce comprises about 1.5% of Louisbourg Investments Inc.’s investment portfolio, making the stock its 19th biggest holding. Louisbourg Investments Inc. owned 0.48% of Lightspeed Commerce worth $7,527,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Lightspeed Commerce by 0.7% during the first quarter. Vanguard Group Inc. now owns 5,372,421 shares of the company’s stock valued at $47,004,000 after purchasing an additional 39,115 shares during the period. Wishbone Management LP purchased a new stake in Lightspeed Commerce during the 1st quarter valued at $32,156,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Lightspeed Commerce by 29.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,468,872 shares of the company’s stock valued at $28,948,000 after buying an additional 556,724 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Lightspeed Commerce by 151.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,148,959 shares of the company’s stock worth $18,803,000 after buying an additional 1,295,469 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Lightspeed Commerce by 43.7% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,139,300 shares of the company’s stock worth $25,121,000 after acquiring an additional 650,200 shares during the period. 68.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LSPD has been the topic of a number of recent research reports. Zacks Research raised Lightspeed Commerce from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. TD Securities started coverage on shares of Lightspeed Commerce in a research note on Friday, October 3rd. They issued a “hold” rating and a $13.00 price objective on the stock. BTIG Research reissued a “buy” rating and issued a $16.00 price objective on shares of Lightspeed Commerce in a report on Wednesday, November 19th. Weiss Ratings restated a “sell (d-)” rating on shares of Lightspeed Commerce in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada set a $15.00 price target on shares of Lightspeed Commerce and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $13.72.

Lightspeed Commerce Trading Down 0.2%

Shares of NYSE:LSPD opened at $12.01 on Friday. The stock has a 50 day moving average of $11.80 and a 200 day moving average of $11.94. The company has a market cap of $1.63 billion, a PE ratio of -2.64, a price-to-earnings-growth ratio of 19.45 and a beta of 2.16. Lightspeed Commerce Inc. has a 12-month low of $7.34 and a 12-month high of $16.40. The company has a current ratio of 4.66, a quick ratio of 4.58 and a debt-to-equity ratio of 0.01.

Lightspeed Commerce (NYSE:LSPD) last released its earnings results on Thursday, November 6th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. The company had revenue of $318.96 million for the quarter, compared to analysts’ expectations of $308.90 million. Lightspeed Commerce had a negative net margin of 59.16% and a positive return on equity of 0.39%. The firm’s revenue was up 15.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.13 EPS. As a group, equities research analysts expect that Lightspeed Commerce Inc. will post 0.08 EPS for the current year.

Lightspeed Commerce Company Profile

Lightspeed Commerce Inc is a Canadian technology company that develops cloud-based point-of-sale (POS) and e-commerce software for small and medium-sized businesses across the retail and hospitality sectors. Its integrated platform enables merchants to manage sales, inventory, customer relationships and analytics through a single interface. By combining in-store and online channels, Lightspeed helps businesses streamline operations and improve customer engagement in an increasingly omnichannel marketplace.

The company’s product suite includes POS terminals, payment processing services, inventory management tools, customer loyalty programs and data reporting dashboards.