Marshall Wace LLP Has $11.05 Million Stake in Lightspeed Commerce Inc. (NYSE:LSPD)

Marshall Wace LLP increased its position in Lightspeed Commerce Inc. (NYSE:LSPD) by 306.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 807,219 shares of the company’s stock after purchasing an additional 608,661 shares during the period. Marshall Wace LLP’s holdings in Lightspeed Commerce were worth $11,051,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Lightspeed Commerce in the first quarter worth approximately $35,000. Conestoga Capital Advisors LLC purchased a new stake in Lightspeed Commerce in the 1st quarter valued at $141,000. Headlands Technologies LLC purchased a new stake in Lightspeed Commerce in the 2nd quarter valued at $181,000. Duality Advisers LP lifted its stake in Lightspeed Commerce by 160.8% during the 1st quarter. Duality Advisers LP now owns 34,337 shares of the company’s stock valued at $483,000 after acquiring an additional 21,172 shares in the last quarter. Finally, Addenda Capital Inc. boosted its holdings in Lightspeed Commerce by 5.3% during the 1st quarter. Addenda Capital Inc. now owns 39,845 shares of the company’s stock worth $560,000 after acquiring an additional 1,990 shares during the last quarter. Institutional investors and hedge funds own 68.68% of the company’s stock.

Wall Street Analysts Forecast Growth

LSPD has been the subject of several analyst reports. BMO Capital Markets increased their target price on shares of Lightspeed Commerce from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday. Piper Sandler decreased their price objective on shares of Lightspeed Commerce from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Wells Fargo & Company cut their target price on Lightspeed Commerce from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 31st. TD Securities decreased their price target on Lightspeed Commerce from $16.00 to $15.00 and set a “hold” rating for the company in a research report on Friday, August 2nd. Finally, Royal Bank of Canada cut Lightspeed Commerce from a “moderate buy” rating to a “strong sell” rating in a research report on Thursday, August 15th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $18.59.

Lightspeed Commerce Price Performance

LSPD opened at $16.76 on Friday. The firm has a 50-day moving average price of $13.17 and a 200-day moving average price of $13.65. Lightspeed Commerce Inc. has a twelve month low of $11.01 and a twelve month high of $21.71. The company has a quick ratio of 6.06, a current ratio of 6.19 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of -15.66, a PEG ratio of 8.59 and a beta of 2.32.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $266.10 million during the quarter, compared to analyst estimates of $258.58 million. Lightspeed Commerce had a negative net margin of 15.55% and a negative return on equity of 0.99%. Lightspeed Commerce’s revenue was up 27.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.14) EPS. Equities analysts expect that Lightspeed Commerce Inc. will post 0.05 EPS for the current year.

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.