Lightspeed Commerce Inc. (NYSE:LSPD) Shares Acquired by Azora Capital LP

Azora Capital LP boosted its position in Lightspeed Commerce Inc. (NYSE:LSPD) by 3.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,439,331 shares of the company’s stock after purchasing an additional 47,359 shares during the quarter. Lightspeed Commerce comprises about 1.3% of Azora Capital LP’s holdings, making the stock its 25th largest position. Azora Capital LP owned 0.95% of Lightspeed Commerce worth $23,735,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LSPD. Toronto Dominion Bank boosted its holdings in shares of Lightspeed Commerce by 102.8% during the second quarter. Toronto Dominion Bank now owns 6,870 shares of the company’s stock worth $94,000 after purchasing an additional 3,482 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Lightspeed Commerce in the 2nd quarter worth about $181,000. Aigen Investment Management LP acquired a new stake in Lightspeed Commerce in the 3rd quarter worth about $225,000. Algert Global LLC purchased a new stake in Lightspeed Commerce in the 3rd quarter valued at about $448,000. Finally, Verition Fund Management LLC acquired a new position in shares of Lightspeed Commerce during the 3rd quarter valued at about $499,000. 68.68% of the stock is currently owned by hedge funds and other institutional investors.

Lightspeed Commerce Trading Up 0.2 %

LSPD opened at $18.80 on Monday. The firm has a market capitalization of $2.86 billion, a P/E ratio of -21.12 and a beta of 2.35. The firm’s 50 day moving average is $16.37 and its 200-day moving average is $14.59. The company has a quick ratio of 5.94, a current ratio of 6.08 and a debt-to-equity ratio of 0.01. Lightspeed Commerce Inc. has a 52-week low of $11.01 and a 52-week high of $21.71.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $277.18 million for the quarter, compared to analyst estimates of $273.90 million. Lightspeed Commerce had a negative net margin of 13.56% and a negative return on equity of 0.10%. Analysts expect that Lightspeed Commerce Inc. will post -0.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. BMO Capital Markets raised their target price on shares of Lightspeed Commerce from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. TD Securities lifted their price target on shares of Lightspeed Commerce from $15.00 to $19.00 and gave the company a “hold” rating in a report on Friday, November 8th. Royal Bank of Canada upgraded Lightspeed Commerce from a “strong sell” rating to a “moderate buy” rating in a report on Friday, November 8th. Piper Sandler lifted their target price on Lightspeed Commerce from $15.00 to $17.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. upped their price target on Lightspeed Commerce from $20.00 to $26.00 in a research note on Friday, November 8th. Nine equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.88.

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.