Connor Clark & Lunn Investment Management Ltd. Has $31.78 Million Stake in Lightspeed Commerce Inc. $LSPD

Connor Clark & Lunn Investment Management Ltd. increased its position in Lightspeed Commerce Inc. (NYSE:LSPD) by 28.7% during the third quarter, Holdings Channel.com reports. The firm owned 2,752,669 shares of the company’s stock after buying an additional 613,369 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Lightspeed Commerce were worth $31,778,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Headlands Technologies LLC bought a new stake in Lightspeed Commerce during the 2nd quarter valued at $92,000. Russell Investments Group Ltd. raised its holdings in Lightspeed Commerce by 106.4% during the second quarter. Russell Investments Group Ltd. now owns 10,386 shares of the company’s stock worth $122,000 after buying an additional 5,354 shares during the last quarter. Magnetar Financial LLC bought a new position in shares of Lightspeed Commerce in the second quarter valued at $156,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Lightspeed Commerce by 25.9% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 14,096 shares of the company’s stock valued at $165,000 after buying an additional 2,899 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Lightspeed Commerce by 2.9% during the second quarter. Invesco Ltd. now owns 29,567 shares of the company’s stock valued at $346,000 after buying an additional 835 shares during the last quarter. Institutional investors and hedge funds own 68.68% of the company’s stock.

Lightspeed Commerce Stock Down 4.4%

LSPD opened at $8.93 on Friday. Lightspeed Commerce Inc. has a fifty-two week low of $7.34 and a fifty-two week high of $14.34. The firm has a market capitalization of $1.23 billion, a P/E ratio of -1.93, a PEG ratio of 10.99 and a beta of 2.08. The company’s 50-day moving average is $10.30 and its 200 day moving average is $11.36. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.52 and a quick ratio of 4.44.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Lightspeed Commerce had a negative net margin of 58.15% and a positive return on equity of 0.37%. The business had revenue of $312.35 million during the quarter, compared to the consensus estimate of $311.28 million. During the same period in the prior year, the firm posted $0.12 EPS. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. Research analysts expect that Lightspeed Commerce Inc. will post 0.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on LSPD shares. BTIG Research lowered their target price on shares of Lightspeed Commerce from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. Barclays cut their price target on Lightspeed Commerce from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday, January 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lightspeed Commerce in a research note on Thursday, January 22nd. Zacks Research lowered Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Finally, Truist Financial cut their target price on Lightspeed Commerce from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, February 11th. Five analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $13.33.

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.