Charles Schwab Investment Management Inc. Sells 6,034 Shares of Lightspeed Commerce Inc. (NYSE:LSPD)

Charles Schwab Investment Management Inc. trimmed its position in shares of Lightspeed Commerce Inc. (NYSE:LSPD) by 2.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 259,233 shares of the company’s stock after selling 6,034 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Lightspeed Commerce were worth $4,279,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Toronto Dominion Bank raised its holdings in Lightspeed Commerce by 102.8% in the 2nd quarter. Toronto Dominion Bank now owns 6,870 shares of the company’s stock worth $94,000 after acquiring an additional 3,482 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Lightspeed Commerce during the 2nd quarter valued at $181,000. Aigen Investment Management LP bought a new position in Lightspeed Commerce in the 3rd quarter worth $225,000. Susquehanna Fundamental Investments LLC bought a new position in Lightspeed Commerce in the 2nd quarter worth $956,000. Finally, PCJ Investment Counsel Ltd. bought a new position in Lightspeed Commerce in the 3rd quarter worth $1,517,000. 68.68% of the stock is owned by institutional investors.

Lightspeed Commerce Price Performance

Shares of LSPD opened at $16.23 on Friday. The company has a 50 day moving average of $16.60 and a two-hundred day moving average of $14.74. The company has a market cap of $2.47 billion, a price-to-earnings ratio of -18.24 and a beta of 2.40. 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 5.94, a current ratio of 6.08 and a debt-to-equity ratio of 0.01.

Lightspeed Commerce (NYSE:LSPD) last issued its earnings results on Thursday, November 7th. The company reported $0.03 earnings per share (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 firm had revenue of $277.18 million during the quarter, compared to analysts’ expectations of $273.90 million. As a group, analysts predict that Lightspeed Commerce Inc. will post -0.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Jefferies Financial Group dropped their price objective on shares of Lightspeed Commerce from $22.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, August 21st. Royal Bank of Canada upgraded shares of Lightspeed Commerce from a “strong sell” rating to a “moderate buy” rating in a research report on Friday, November 8th. BMO Capital Markets increased their price objective 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. Piper Sandler increased their price objective on shares of Lightspeed Commerce from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Finally, BTIG Research reaffirmed a “buy” rating and set a $21.00 target price on shares of Lightspeed Commerce in a research report on Thursday, September 26th. Eight analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $20.07.

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.