Toronto Dominion Bank Increases Position in Lightspeed POS Inc. (NASDAQ:LSPD)

Toronto Dominion Bank raised its position in Lightspeed POS Inc. (NASDAQ:LSPD) by 30.9% during the second quarter, Holdings Channel reports. The firm owned 10,820 shares of the company’s stock after buying an additional 2,557 shares during the quarter. Toronto Dominion Bank’s holdings in Lightspeed POS were worth $2,480,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Lightspeed POS by 871.5% in the first quarter. BlackRock Inc. now owns 1,874,843 shares of the company’s stock valued at $117,759,000 after acquiring an additional 1,681,862 shares in the last quarter. Capital International Investors boosted its stake in Lightspeed POS by 47.7% in the first quarter. Capital International Investors now owns 1,817,650 shares of the company’s stock valued at $114,255,000 after acquiring an additional 586,614 shares in the last quarter. Franklin Resources Inc. boosted its stake in Lightspeed POS by 0.5% in the first quarter. Franklin Resources Inc. now owns 945,845 shares of the company’s stock valued at $59,421,000 after acquiring an additional 4,682 shares in the last quarter. Morgan Stanley boosted its stake in Lightspeed POS by 289.6% in the first quarter. Morgan Stanley now owns 927,198 shares of the company’s stock valued at $58,237,000 after acquiring an additional 689,205 shares in the last quarter. Finally, Summit Partners Public Asset Management LLC acquired a new stake in shares of Lightspeed POS during the first quarter worth about $29,867,000. 53.80% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ LSPD opened at $122.53 on Wednesday. The firm has a market cap of $16.12 billion and a P/E ratio of -93.53. The firm’s 50 day moving average price is $100.14 and its 200 day moving average price is $80.77. Lightspeed POS Inc. has a 1 year low of $29.03 and a 1 year high of $128.13. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.88 and a current ratio of 4.91.

Lightspeed POS (NASDAQ:LSPD) last announced its quarterly earnings results on Thursday, August 5th. The company reported ($0.05) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.11. The company had revenue of $115.92 million for the quarter, compared to analyst estimates of $92.13 million. Lightspeed POS had a negative net margin of 50.92% and a negative return on equity of 3.07%. As a group, equities analysts predict that Lightspeed POS Inc. will post -0.54 EPS for the current year.

A number of equities research analysts recently commented on the stock. BMO Capital Markets raised their price objective on shares of Lightspeed POS from C$100.00 to C$110.00 and gave the company an “outperform” rating in a research report on Friday, August 6th. Barclays raised their price objective on shares of Lightspeed POS from $118.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, September 17th. They noted that the move was a valuation call. CIBC increased their target price on shares of Lightspeed POS from C$155.00 to C$195.00 and gave the company an “outperform” rating in a report on Monday. Royal Bank of Canada increased their target price on shares of Lightspeed POS from $98.00 to $114.00 and gave the company an “outperform” rating in a report on Friday, August 6th. Finally, National Bankshares increased their target price on shares of Lightspeed POS from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, August 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lightspeed POS has a consensus rating of “Buy” and an average price target of $121.93.

About Lightspeed POS

Lightspeed POS Inc provides commerce enabling Software as a Service (SaaS) platform for small and midsize businesses, retailers, restaurants, and golf course operators in Canada, the United States, Germany, Australia, and internationally. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc.

Featured Story: Why does the United States have a lingering trade deficit?

Want to see what other hedge funds are holding LSPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lightspeed POS Inc. (NASDAQ:LSPD).

Institutional Ownership by Quarter for Lightspeed POS (NASDAQ:LSPD)

Receive News & Ratings for Lightspeed POS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lightspeed POS and related companies with MarketBeat.com's FREE daily email newsletter.