Lightspeed Commerce Inc. (NYSE:LSPD) Short Interest Update

Lightspeed Commerce Inc. (NYSE:LSPD) was the recipient of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 5,010,000 shares, a drop of 13.3% from the February 13th total of 5,780,000 shares. Based on an average trading volume of 771,000 shares, the short-interest ratio is currently 6.5 days. Approximately 3.6% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on LSPD shares. Bank of America began coverage on Lightspeed Commerce in a report on Wednesday, February 19th. They set a “buy” rating and a $20.00 price objective on the stock. Wells Fargo & Company decreased their target price on shares of Lightspeed Commerce from $16.00 to $13.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Scotiabank cut their price target on shares of Lightspeed Commerce from $21.00 to $19.00 and set a “sector outperform” rating for the company in a report on Friday, February 7th. Piper Sandler decreased their price target on shares of Lightspeed Commerce from $17.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Finally, UBS Group dropped their price objective on Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating for the company in a research note on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Lightspeed Commerce currently has an average rating of “Moderate Buy” and an average target price of $18.39.

Lightspeed Commerce Stock Performance

NYSE LSPD opened at $10.58 on Friday. The company has a 50-day simple moving average of $13.10 and a two-hundred day simple moving average of $14.82. Lightspeed Commerce has a 12-month low of $10.20 and a 12-month high of $18.96. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of -13.22, a PEG ratio of 3.03 and a beta of 2.44. The company has a quick ratio of 5.99, a current ratio of 6.10 and a debt-to-equity ratio of 0.01.

Lightspeed Commerce (NYSE:LSPD) last issued its earnings results on Thursday, February 6th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.07). Lightspeed Commerce had a negative net margin of 11.75% and a positive return on equity of 0.61%. On average, equities analysts forecast that Lightspeed Commerce will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Mackenzie Financial Corp boosted its position in Lightspeed Commerce by 156.9% during the 4th quarter. Mackenzie Financial Corp now owns 360,221 shares of the company’s stock valued at $5,487,000 after buying an additional 220,000 shares during the period. Toronto Dominion Bank boosted its holdings in shares of Lightspeed Commerce by 17.6% during the fourth quarter. Toronto Dominion Bank now owns 20,477 shares of the company’s stock worth $312,000 after purchasing an additional 3,069 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Lightspeed Commerce by 6.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 122,854 shares of the company’s stock worth $1,871,000 after purchasing an additional 7,022 shares during the last quarter. Twinbeech Capital LP purchased a new position in Lightspeed Commerce during the 4th quarter valued at about $261,000. Finally, Two Sigma Advisers LP raised its position in Lightspeed Commerce by 165.6% during the 4th quarter. Two Sigma Advisers LP now owns 64,800 shares of the company’s stock valued at $987,000 after purchasing an additional 40,400 shares during the last quarter. Institutional investors own 68.68% of the company’s stock.

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.