Dimensional Fund Advisors LP Grows Stock Holdings in Lightspeed Commerce Inc. (NYSE:LSPD)

Dimensional Fund Advisors LP raised its holdings in shares of Lightspeed Commerce Inc. (NYSE:LSPD) by 3.0% during the second quarter, Holdings Channel.com reports. The fund owned 2,205,168 shares of the company’s stock after buying an additional 64,944 shares during the period. Dimensional Fund Advisors LP’s holdings in Lightspeed Commerce were worth $30,189,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Hsbc Holdings PLC purchased a new position in shares of Lightspeed Commerce during the fourth quarter valued at about $1,229,000. Vanguard Group Inc. increased its position in Lightspeed Commerce by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 5,037,088 shares of the company’s stock worth $105,728,000 after purchasing an additional 98,587 shares during the last quarter. Azora Capital LP increased its holdings in shares of Lightspeed Commerce by 133.1% in the 4th quarter. Azora Capital LP now owns 1,579,312 shares of the company’s stock worth $33,166,000 after buying an additional 901,861 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Lightspeed Commerce by 297.6% in the second quarter. Harbor Capital Advisors Inc. now owns 90,296 shares of the company’s stock worth $1,236,000 after acquiring an additional 67,584 shares in the last quarter. Finally, Addenda Capital Inc. increased its stake in Lightspeed Commerce by 5.3% during the first 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. 68.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on LSPD shares. Jefferies Financial Group dropped their target price on Lightspeed Commerce from $22.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, August 21st. Piper Sandler cut their price objective on shares of Lightspeed Commerce from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. TD Securities cut their price target on shares of Lightspeed Commerce from $16.00 to $15.00 and set a “hold” rating on the stock in a report on Friday, August 2nd. BTIG Research reiterated a “buy” rating and issued a $21.00 price target on shares of Lightspeed Commerce in a report on Thursday, September 26th. Finally, Royal Bank of Canada downgraded 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 issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $18.59.

Lightspeed Commerce Stock Down 0.3 %

Lightspeed Commerce stock opened at $16.45 on Wednesday. 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 firm has a market cap of $2.52 billion, a P/E ratio of -15.37, a P/E/G ratio of 8.59 and a beta of 2.32. The business has a fifty day moving average of $13.28 and a two-hundred day moving average of $13.70. Lightspeed Commerce Inc. has a twelve month low of $11.01 and a twelve month high of $21.71.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The firm had revenue of $266.10 million during the quarter, compared to analysts’ expectations of $258.58 million. Lightspeed Commerce had a negative return on equity of 0.99% and a negative net margin of 15.55%. The firm’s quarterly revenue was up 27.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.14) EPS. On average, analysts forecast that Lightspeed Commerce Inc. will post 0.05 earnings per share for the current fiscal 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.