Lightspeed Commerce Inc. $LSPD Shares Sold by Spark Investment Management LLC

Spark Investment Management LLC lowered its stake in Lightspeed Commerce Inc. (NYSE:LSPD) by 24.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 186,000 shares of the company’s stock after selling 60,000 shares during the quarter. Lightspeed Commerce comprises about 3.8% of Spark Investment Management LLC’s portfolio, making the stock its 6th biggest holding. Spark Investment Management LLC’s holdings in Lightspeed Commerce were worth $1,946,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. TD Waterhouse Canada Inc. increased its stake in shares of Lightspeed Commerce by 28.3% during the second quarter. TD Waterhouse Canada Inc. now owns 59,396 shares of the company’s stock valued at $642,000 after acquiring an additional 13,103 shares during the period. Pale Fire Capital SE boosted its stake in Lightspeed Commerce by 4.5% during the 2nd quarter. Pale Fire Capital SE now owns 5,773,932 shares of the company’s stock valued at $60,569,000 after purchasing an additional 249,341 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Lightspeed Commerce during the 2nd quarter valued at $540,000. Amundi acquired a new position in shares of Lightspeed Commerce during the 1st quarter valued at $121,000. Finally, Royal Bank of Canada raised its stake in shares of Lightspeed Commerce by 64.4% in the 1st quarter. Royal Bank of Canada now owns 2,226,453 shares of the company’s stock worth $19,950,000 after buying an additional 872,131 shares in the last quarter. 68.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LSPD has been the subject of several research reports. National Bank Financial decreased their target price on Lightspeed Commerce from $15.00 to $11.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 27th. Stifel Nicolaus lowered their price objective on shares of Lightspeed Commerce from $12.00 to $10.00 and set a “hold” rating on the stock in a research note on Friday, May 22nd. BMO Capital Markets cut their target price on shares of Lightspeed Commerce from $13.00 to $12.00 and set an “outperform” rating for the company in a research note on Monday, May 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Lightspeed Commerce in a research report on Friday, July 17th. Finally, BTIG Research cut their price objective on Lightspeed Commerce from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Lightspeed Commerce presently has an average rating of “Hold” and a consensus target price of $11.54.

Lightspeed Commerce Stock Down 2.8%

NYSE:LSPD traded down $0.30 during trading hours on Tuesday, hitting $10.21. 740,599 shares of the stock traded hands, compared to its average volume of 984,600. The firm has a 50 day moving average price of $10.41 and a 200 day moving average price of $9.64. The company has a current ratio of 3.55, a quick ratio of 3.45 and a debt-to-equity ratio of 0.01. Lightspeed Commerce Inc. has a fifty-two week low of $7.83 and a fifty-two week high of $13.72. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of -14.59, a PEG ratio of 1.12 and a beta of 1.84.

Lightspeed Commerce (NYSE:LSPD) last issued its earnings results on Thursday, July 30th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. The business had revenue of $322.70 million during the quarter, compared to analysts’ expectations of $310.58 million. Lightspeed Commerce had a positive return on equity of 1.06% and a negative net margin of 7.81%.Lightspeed Commerce’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 earnings per share. Equities research analysts anticipate that Lightspeed Commerce Inc. will post 0.31 earnings per share for the current year.

Lightspeed Commerce 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.