Harbor Capital Advisors Inc. Purchases 2,231 Shares of Lightspeed Commerce Inc. (NYSE:LSPD)

Harbor Capital Advisors Inc. lifted its position in shares of Lightspeed Commerce Inc. (NYSE:LSPD) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 229,612 shares of the company’s stock after purchasing an additional 2,231 shares during the period. Harbor Capital Advisors Inc.’s holdings in Lightspeed Commerce were worth $3,497,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. 1832 Asset Management L.P. lifted its holdings in shares of Lightspeed Commerce by 345,464.1% during the second quarter. 1832 Asset Management L.P. now owns 404,310 shares of the company’s stock worth $5,535,000 after buying an additional 404,193 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Lightspeed Commerce in the 2nd quarter worth about $956,000. State Street Corp boosted its holdings in Lightspeed Commerce by 29.1% in the 3rd quarter. State Street Corp now owns 353,472 shares of the company’s stock valued at $5,829,000 after purchasing an additional 79,696 shares during the period. Intact Investment Management Inc. increased its holdings in shares of Lightspeed Commerce by 10,117.5% during the third quarter. Intact Investment Management Inc. now owns 877,680 shares of the company’s stock worth $14,473,000 after purchasing an additional 869,090 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in shares of Lightspeed Commerce in the third quarter valued at approximately $499,000. 68.68% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on LSPD shares. JPMorgan Chase & Co. increased their price target on Lightspeed Commerce from $20.00 to $26.00 in a research report on Friday, November 8th. BMO Capital Markets increased their target price on Lightspeed Commerce from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Piper Sandler boosted their price target on Lightspeed Commerce from $15.00 to $17.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. 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. Finally, TD Securities upped their price target on shares of Lightspeed Commerce from $15.00 to $19.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Nine analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Lightspeed Commerce has a consensus rating of “Hold” and an average price target of $19.93.

Lightspeed Commerce Stock Performance

Shares of LSPD stock opened at $14.80 on Friday. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of -16.63 and a beta of 2.44. The company has a current ratio of 6.08, a quick ratio of 5.94 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average price is $16.66 and its 200-day moving average price is $14.89. Lightspeed Commerce Inc. has a 12 month low of $11.01 and a 12 month high of $20.09.

Lightspeed Commerce (NYSE:LSPD) last posted its earnings results on Thursday, November 7th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. Lightspeed Commerce had a negative net margin of 13.56% and a negative return on equity of 0.10%. The business had revenue of $277.18 million for the quarter, compared to the consensus estimate of $273.90 million. Equities research analysts forecast that Lightspeed Commerce Inc. will post -0.02 EPS for the current year.

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.