38,000 Shares in Lightspeed Commerce Inc. (NYSE:LSPD) Bought by NINE MASTS CAPITAL Ltd

NINE MASTS CAPITAL Ltd acquired a new stake in shares of Lightspeed Commerce Inc. (NYSE:LSPD) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 38,000 shares of the company’s stock, valued at approximately $579,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. grew its holdings in Lightspeed Commerce by 151.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 227,381 shares of the company’s stock valued at $3,750,000 after purchasing an additional 137,085 shares during the last quarter. Intact Investment Management Inc. lifted its stake in shares of Lightspeed Commerce by 10,117.5% during the 3rd quarter. Intact Investment Management Inc. now owns 877,680 shares of the company’s stock worth $14,473,000 after acquiring an additional 869,090 shares during the last quarter. Aigen Investment Management LP bought a new stake in shares of Lightspeed Commerce during the 3rd quarter worth approximately $225,000. LMR Partners LLP bought a new position in Lightspeed Commerce in the 3rd quarter valued at $2,441,000. Finally, PCJ Investment Counsel Ltd. purchased a new stake in Lightspeed Commerce in the third quarter worth $1,517,000. Hedge funds and other institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Price Performance

LSPD opened at $12.64 on Monday. The firm has a market capitalization of $1.93 billion, a PE ratio of -15.80, a price-to-earnings-growth ratio of 3.03 and a beta of 2.42. The business’s 50-day moving average is $14.40 and its two-hundred day moving average is $15.06. Lightspeed Commerce Inc. has a 1 year low of $11.01 and a 1 year high of $18.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.10 and a quick ratio of 5.99.

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 analysts’ consensus estimates of $0.10 by ($0.07). Lightspeed Commerce had a positive return on equity of 0.61% and a negative net margin of 11.75%. Research analysts anticipate that Lightspeed Commerce Inc. will post 0.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wells Fargo & Company lowered their target price on shares of Lightspeed Commerce from $16.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Scotiabank lowered their price objective on shares of Lightspeed Commerce from $21.00 to $19.00 and set a “sector outperform” rating for the company 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 research report on Friday, November 8th. UBS Group lowered their price target on Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating for the company in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. increased their price objective on Lightspeed Commerce from $20.00 to $26.00 in a research note on Friday, November 8th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.39.

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.