Twinbeech Capital LP Acquires New Holdings in Lightspeed Commerce Inc. (NYSE:LSPD)

Twinbeech Capital LP acquired a new stake in Lightspeed Commerce Inc. (NYSE:LSPD) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 17,127 shares of the company’s stock, valued at approximately $261,000.

A number of other large investors have also added to or reduced their stakes in LSPD. Blue Trust Inc. raised its holdings in Lightspeed Commerce by 214.4% in the 4th quarter. Blue Trust Inc. now owns 1,503 shares of the company’s stock valued at $25,000 after buying an additional 1,025 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Lightspeed Commerce by 27.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,073 shares of the company’s stock valued at $158,000 after buying an additional 2,168 shares during the last quarter. Bayesian Capital Management LP bought a new position in Lightspeed Commerce in the 4th quarter valued at approximately $165,000. Susquehanna Fundamental Investments LLC bought a new position in Lightspeed Commerce in the 4th quarter valued at approximately $256,000. Finally, Scotia Capital Inc. raised its holdings in Lightspeed Commerce by 12.0% in the 4th quarter. Scotia Capital Inc. now owns 19,225 shares of the company’s stock valued at $293,000 after buying an additional 2,053 shares during the last quarter. Institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Stock Performance

NYSE:LSPD opened at $10.55 on Friday. The company has a fifty day moving average of $9.67 and a 200-day moving average of $13.14. The firm has a market capitalization of $1.61 billion, a P/E ratio of -13.19, a P/E/G ratio of 3.03 and a beta of 2.49. 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 Inc. has a twelve month low of $7.34 and a twelve month high of $18.96.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings data on Thursday, May 22nd. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). Lightspeed Commerce had a negative net margin of 11.75% and a positive return on equity of 0.61%. The company had revenue of $253.42 million during the quarter, compared to the consensus estimate of $252.51 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The business’s revenue was up 10.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Lightspeed Commerce Inc. will post 0.08 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Bank of America lowered their price target on shares of Lightspeed Commerce from $20.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, March 27th. Benchmark lowered their price target on shares of Lightspeed Commerce from $21.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, March 27th. Morgan Stanley lowered their price target on shares of Lightspeed Commerce from $14.00 to $12.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. BMO Capital Markets lowered their price target on shares of Lightspeed Commerce from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, March 27th. Finally, Royal Bank of Canada lowered their price target on shares of Lightspeed Commerce from $20.00 to $15.00 and set an “outperform” rating for the company in a report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Lightspeed Commerce has an average rating of “Hold” and an average price target of $14.23.

Lightspeed Commerce Company 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.