Lightspeed Commerce Inc. (NYSE:LSPD) Shares Purchased by Addenda Capital Inc.

Addenda Capital Inc. increased its holdings in shares of Lightspeed Commerce Inc. (NYSE:LSPD) by 10.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,041 shares of the company’s stock after purchasing an additional 4,196 shares during the quarter. Addenda Capital Inc.’s holdings in Lightspeed Commerce were worth $603,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Dixon Mitchell Investment Counsel Inc. purchased a new position in Lightspeed Commerce in the 1st quarter worth approximately $35,000. Conestoga Capital Advisors LLC purchased a new position in Lightspeed Commerce in the 1st quarter worth approximately $141,000. Duality Advisers LP purchased a new position in Lightspeed Commerce in the 4th quarter worth approximately $276,000. Boulder Hill Capital Management LP purchased a new position in Lightspeed Commerce in the 1st quarter worth approximately $811,000. Finally, Hsbc Holdings PLC purchased a new position in Lightspeed Commerce in the 4th quarter worth approximately $1,229,000. Institutional investors and hedge funds own 68.68% of the company’s stock.

Lightspeed Commerce Stock Performance

Shares of LSPD traded down $0.03 during trading hours on Wednesday, reaching $12.95. 1,122,565 shares of the company’s stock traded hands, compared to its average volume of 1,199,207. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of -12.12 and a beta of 2.33. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.34 and a quick ratio of 6.23. Lightspeed Commerce Inc. has a twelve month low of $11.01 and a twelve month high of $21.71. The business’s fifty day simple moving average is $13.63 and its two-hundred day simple moving average is $14.05.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The company had revenue of $266.10 million for the quarter, compared to analyst estimates of $258.58 million. Lightspeed Commerce had a negative return on equity of 0.98% and a negative net margin of 15.55%. The company’s quarterly revenue was up 27.3% compared to the same quarter last year. During the same period last year, the company earned ($0.14) earnings per share. Analysts predict that Lightspeed Commerce Inc. will post -0.39 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Royal Bank of Canada reduced their target price on Lightspeed Commerce from $21.00 to $20.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. TD Securities reduced their target price on Lightspeed Commerce from $16.00 to $15.00 and set a “hold” rating for the company in a research note on Friday, August 2nd. National Bankshares increased their target price on Lightspeed Commerce from $15.00 to $16.00 and gave the company a “sector perform” rating in a research note on Friday, May 17th. UBS Group increased their target price on Lightspeed Commerce from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Finally, JPMorgan Chase & Co. reduced their target price on Lightspeed Commerce from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Lightspeed Commerce has an average rating of “Hold” and an average price target of $18.28.

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.