327,088 Shares in Lightspeed Commerce Inc. $LSPD Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. bought a new position in shares of Lightspeed Commerce Inc. (NYSE:LSPD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 327,088 shares of the company’s stock, valued at approximately $3,953,000. Hillsdale Investment Management Inc. owned 0.24% of Lightspeed Commerce as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Lightspeed Commerce by 28.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,752,669 shares of the company’s stock valued at $31,778,000 after purchasing an additional 613,369 shares during the period. Aviso Financial Inc. acquired a new stake in Lightspeed Commerce in the third quarter valued at approximately $784,000. Spark Investment Management LLC acquired a new stake in Lightspeed Commerce in the third quarter valued at approximately $900,000. Quantbot Technologies LP acquired a new stake in Lightspeed Commerce in the third quarter valued at approximately $350,000. Finally, Numerai GP LLC grew its holdings in Lightspeed Commerce by 488.9% in the third quarter. Numerai GP LLC now owns 159,209 shares of the company’s stock valued at $1,839,000 after purchasing an additional 132,175 shares during the period. 68.68% of the stock is owned by institutional investors and hedge funds.

Lightspeed Commerce Stock Performance

Shares of Lightspeed Commerce stock opened at $9.67 on Monday. Lightspeed Commerce Inc. has a one year low of $7.83 and a one year high of $14.34. The company has a market cap of $1.33 billion, a price-to-earnings ratio of -9.39, a PEG ratio of 2.13 and a beta of 1.92. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.18 and a current ratio of 4.28. The business’s 50 day moving average price is $9.06 and its 200 day moving average price is $10.23.

Lightspeed Commerce (NYSE:LSPD) last announced its quarterly earnings data on Thursday, May 21st. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). Lightspeed Commerce had a positive return on equity of 0.32% and a negative net margin of 11.77%.The company had revenue of $290.80 million for the quarter, compared to analysts’ expectations of $282.87 million. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, research analysts predict that Lightspeed Commerce Inc. will post 0.26 EPS for the current year.

Analyst Ratings Changes

Several analysts have commented on the company. Bank of America assumed coverage on Lightspeed Commerce in a report on Tuesday, May 19th. They issued an “underperform” rating and a $10.00 price objective on the stock. National Bank Financial dropped their price objective on Lightspeed Commerce from $15.00 to $11.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 27th. UBS Group dropped their price objective on Lightspeed Commerce from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday, May 22nd. BMO Capital Markets dropped their price objective on Lightspeed Commerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a report on Monday, May 25th. Finally, Scotiabank dropped their price objective on Lightspeed Commerce from $12.00 to $10.00 and set a “sector perform” rating on the stock in a report on Monday, May 25th. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $11.27.

Lightspeed Commerce Profile

Lightspeed Commerce Inc is a Canadian technology company that develops cloud-based point-of-sale (POS) and e-commerce software for small and medium-sized businesses across the retail and hospitality sectors. Its integrated platform enables merchants to manage sales, inventory, customer relationships and analytics through a single interface. By combining in-store and online channels, Lightspeed helps businesses streamline operations and improve customer engagement in an increasingly omnichannel marketplace.

The company’s product suite includes POS terminals, payment processing services, inventory management tools, customer loyalty programs and data reporting dashboards.