Lightspeed Commerce Inc. $LSPD Shares Sold by Spark Investment Management LLC

Spark Investment Management LLC lowered its position in Lightspeed Commerce Inc. (NYSE:LSPD) by 24.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 186,000 shares of the company’s stock after selling 60,000 shares during the quarter. Lightspeed Commerce accounts for approximately 3.8% of Spark Investment Management LLC’s holdings, making the stock its 6th biggest holding. Spark Investment Management LLC owned about 0.13% of Lightspeed Commerce worth $1,946,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Invesco Ltd. boosted its holdings in Lightspeed Commerce by 2.9% in the second quarter. Invesco Ltd. now owns 29,567 shares of the company’s stock valued at $346,000 after purchasing an additional 835 shares during the last quarter. Pictet Asset Management Holding SA grew its position in shares of Lightspeed Commerce by 4.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 25,118 shares of the company’s stock worth $303,000 after buying an additional 1,148 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Lightspeed Commerce by 15.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 16,902 shares of the company’s stock worth $198,000 after buying an additional 2,314 shares in the last quarter. Swiss National Bank increased its stake in shares of Lightspeed Commerce by 1.6% in the fourth quarter. Swiss National Bank now owns 246,200 shares of the company’s stock worth $2,977,000 after buying an additional 3,900 shares during the last quarter. Finally, Plato Investment Management Ltd raised its holdings in Lightspeed Commerce by 880.0% in the fourth quarter. Plato Investment Management Ltd now owns 5,292 shares of the company’s stock valued at $64,000 after acquiring an additional 4,752 shares in the last quarter. 68.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. UBS Group cut their target price on shares of Lightspeed Commerce from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, May 22nd. Stifel Nicolaus cut their price objective on Lightspeed Commerce from $12.00 to $10.00 and set a “hold” rating on the stock in a research note on Friday, May 22nd. BTIG Research reduced their target price on Lightspeed Commerce from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Benchmark lowered their price target on Lightspeed Commerce from $18.00 to $16.00 and set a “buy” rating for the company in a report on Friday, May 22nd. Finally, Truist Financial reduced their price objective on Lightspeed Commerce from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Thursday, May 28th. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $11.54.

Lightspeed Commerce Stock Performance

Shares of Lightspeed Commerce stock traded down $0.30 on Tuesday, reaching $10.21. 740,599 shares of the company were exchanged, compared to its average volume of 984,600. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of -14.59, a P/E/G ratio of 1.12 and a beta of 1.84. Lightspeed Commerce Inc. has a 1-year low of $7.83 and a 1-year high of $13.72. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.45 and a current ratio of 3.55. The company’s 50-day moving average is $10.41 and its two-hundred day moving average is $9.64.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The firm had revenue of $322.70 million during the quarter, compared to the consensus estimate of $310.58 million. Lightspeed Commerce had a positive return on equity of 1.06% and a negative net margin of 7.81%.The firm’s revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.06 EPS. As a group, research analysts expect that Lightspeed Commerce Inc. will post 0.31 earnings per share for the current fiscal year.

About Lightspeed Commerce

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.