Alberta Investment Management Corp Raises Holdings in Lightspeed Commerce Inc. (NYSE:LSPD)

Alberta Investment Management Corp lifted its position in shares of Lightspeed Commerce Inc. (NYSE:LSPD) by 45.5% in the fourth quarter, Holdings Channel reports. The firm owned 150,300 shares of the company’s stock after purchasing an additional 47,000 shares during the period. Alberta Investment Management Corp’s holdings in Lightspeed Commerce were worth $2,291,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LSPD. Blue Trust Inc. lifted its position in Lightspeed Commerce by 214.4% during the fourth quarter. Blue Trust Inc. now owns 1,503 shares of the company’s stock valued at $25,000 after buying an additional 1,025 shares in the last quarter. Aigen Investment Management LP acquired a new position in shares of Lightspeed Commerce during the 3rd quarter valued at $225,000. Toronto Dominion Bank boosted its position in Lightspeed Commerce by 153.4% during the 3rd quarter. Toronto Dominion Bank now owns 17,408 shares of the company’s stock worth $287,000 after purchasing an additional 10,538 shares during the period. Polar Asset Management Partners Inc. acquired a new stake in Lightspeed Commerce in the 3rd quarter valued at $412,000. Finally, Algert Global LLC purchased a new position in Lightspeed Commerce in the third quarter valued at about $448,000. Institutional investors and hedge funds own 68.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Benchmark upped their target price on Lightspeed Commerce from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Barclays decreased their price target on Lightspeed Commerce from $18.00 to $15.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Wells Fargo & Company dropped their price objective on shares of Lightspeed Commerce from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Scotiabank decreased their target price on shares of Lightspeed Commerce from $21.00 to $19.00 and set a “sector outperform” rating for the company in a research note on Friday, February 7th. Finally, UBS Group lowered their price target on shares of Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating for the company in a report on Friday, February 7th. Eight equities research 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 MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.39.

Lightspeed Commerce Stock Performance

Shares of Lightspeed Commerce stock opened at $13.43 on Friday. The firm has a market cap of $2.04 billion, a PE ratio of -16.79, a price-to-earnings-growth ratio of 3.10 and a beta of 2.42. Lightspeed Commerce Inc. has a 1 year low of $11.01 and a 1 year high of $18.96. The firm’s 50-day simple moving average is $14.77 and its 200-day simple moving average is $15.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.99 and a current ratio of 6.10.

Lightspeed Commerce (NYSE:LSPD) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.07). Lightspeed Commerce had a negative net margin of 11.75% and a positive return on equity of 0.61%. Equities analysts forecast that Lightspeed Commerce Inc. will post 0.08 earnings per share for the current fiscal year.

About Lightspeed Commerce

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.