Louisbourg Investments Inc. Sells 185,000 Shares of Lightspeed Commerce Inc. (NYSE:LSPD)

Louisbourg Investments Inc. lessened its stake in shares of Lightspeed Commerce Inc. (NYSE:LSPD) by 26.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 502,618 shares of the company’s stock after selling 185,000 shares during the period. Lightspeed Commerce makes up about 1.8% of Louisbourg Investments Inc.’s investment portfolio, making the stock its 14th largest holding. Louisbourg Investments Inc. owned 0.33% of Lightspeed Commerce worth $7,661,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in LSPD. Westfield Capital Management Co. LP lifted its stake in shares of Lightspeed Commerce by 30.0% in the third quarter. Westfield Capital Management Co. LP now owns 3,325,531 shares of the company’s stock worth $54,838,000 after buying an additional 766,688 shares in the last quarter. Azora Capital LP raised its holdings in Lightspeed Commerce by 3.4% in the 3rd quarter. Azora Capital LP now owns 1,439,331 shares of the company’s stock worth $23,735,000 after acquiring an additional 47,359 shares during the last quarter. National Bank of Canada FI lifted its position in Lightspeed Commerce by 1.4% in the 3rd quarter. National Bank of Canada FI now owns 1,161,144 shares of the company’s stock valued at $19,146,000 after acquiring an additional 16,267 shares in the last quarter. Intact Investment Management Inc. boosted its stake in Lightspeed Commerce by 10,117.5% during the 3rd quarter. Intact Investment Management Inc. now owns 877,680 shares of the company’s stock valued at $14,473,000 after purchasing an additional 869,090 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Lightspeed Commerce by 226.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 370,500 shares of the company’s stock worth $6,108,000 after purchasing an additional 256,900 shares in the last quarter. Hedge funds and other institutional investors own 68.68% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Barclays dropped their price objective on Lightspeed Commerce from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Royal Bank of Canada raised shares of Lightspeed Commerce from a “strong sell” rating to a “moderate buy” rating in a report on Friday, November 8th. TD Securities boosted their price objective on shares of Lightspeed Commerce from $15.00 to $19.00 and gave the company a “hold” rating in a report on Friday, November 8th. Piper Sandler lowered their price objective on shares of Lightspeed Commerce from $17.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Lightspeed Commerce from $20.00 to $26.00 in a research report on Friday, November 8th. Nine equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lightspeed Commerce presently has an average rating of “Hold” and an average target price of $18.39.

Lightspeed Commerce Stock Performance

NYSE LSPD opened at $13.15 on Wednesday. The business has a 50-day moving average price of $15.26 and a 200-day moving average price of $15.00. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of -16.44 and a beta of 2.42. Lightspeed Commerce Inc. has a twelve month low of $11.01 and a twelve month high of $18.96. The company has a quick ratio of 5.94, a current ratio of 6.08 and a debt-to-equity ratio of 0.01.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.07). Lightspeed Commerce had a positive return on equity of 0.60% and a negative net margin of 11.75%. As a group, equities research analysts predict that Lightspeed Commerce Inc. will post -0.02 EPS for the current fiscal year.

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.