Y Intercept Hong Kong Ltd Takes $705,000 Position in Lightspeed Commerce Inc. (NYSE:LSPD)

Y Intercept Hong Kong Ltd acquired a new position in Lightspeed Commerce Inc. (NYSE:LSPD) in the third quarter, Holdings Channel reports. The firm acquired 42,723 shares of the company’s stock, valued at approximately $705,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Intact Investment Management Inc. boosted its position in shares of Lightspeed Commerce by 10,117.5% in the third quarter. Intact Investment Management Inc. now owns 877,680 shares of the company’s stock worth $14,473,000 after buying an additional 869,090 shares during the period. Westfield Capital Management Co. LP lifted its stake in Lightspeed Commerce by 30.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,325,531 shares of the company’s stock worth $54,838,000 after acquiring an additional 766,688 shares in the last quarter. NewGen Asset Management Ltd purchased a new stake in Lightspeed Commerce in the 2nd quarter worth about $9,241,000. Marshall Wace LLP boosted its position in Lightspeed Commerce by 306.5% during the 2nd quarter. Marshall Wace LLP now owns 807,219 shares of the company’s stock worth $11,051,000 after acquiring an additional 608,661 shares during the period. Finally, 1832 Asset Management L.P. grew its stake in Lightspeed Commerce by 345,464.1% during the 2nd quarter. 1832 Asset Management L.P. now owns 404,310 shares of the company’s stock valued at $5,535,000 after acquiring an additional 404,193 shares in the last quarter. 68.68% of the stock is currently owned by hedge funds and other institutional investors.

Lightspeed Commerce Price Performance

Shares of NYSE:LSPD opened at $16.23 on Friday. Lightspeed Commerce Inc. has a twelve month low of $11.01 and a twelve month high of $21.71. The company has a quick ratio of 5.94, a current ratio of 6.08 and a debt-to-equity ratio of 0.01. The company has a market cap of $2.47 billion, a price-to-earnings ratio of -18.24 and a beta of 2.40. The business has a 50 day moving average price of $16.60 and a 200 day moving average price of $14.74.

Lightspeed Commerce (NYSE:LSPD) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Lightspeed Commerce had a negative return on equity of 0.10% and a negative net margin of 13.56%. The company had revenue of $277.18 million during the quarter, compared to the consensus estimate of $273.90 million. Research analysts predict that Lightspeed Commerce Inc. will post -0.02 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on LSPD shares. JPMorgan Chase & Co. increased their price target on shares of Lightspeed Commerce from $20.00 to $26.00 in a research report on Friday, November 8th. BMO Capital Markets increased their target price on shares of Lightspeed Commerce from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Benchmark boosted their price target on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the company a “buy” rating in a report on Friday, November 8th. Piper Sandler increased their price objective on Lightspeed Commerce from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Finally, BTIG Research reissued a “buy” rating and set a $21.00 price objective on shares of Lightspeed Commerce in a research report on Thursday, September 26th. Eight investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Lightspeed Commerce currently has an average rating of “Moderate Buy” and an average target price of $20.07.

Lightspeed Commerce 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.