Connor Clark & Lunn Investment Management Ltd. Has $25.12 Million Position in Lightspeed Commerce Inc. $LSPD

Connor Clark & Lunn Investment Management Ltd. grew its holdings in Lightspeed Commerce Inc. (NYSE:LSPD) by 43.7% during the second quarter, Holdings Channel reports. The firm owned 2,139,300 shares of the company’s stock after acquiring an additional 650,200 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Lightspeed Commerce were worth $25,121,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Lightspeed Commerce by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,197 shares of the company’s stock worth $98,000 after purchasing an additional 1,124 shares in the last quarter. Tempus Wealth Planning LLC bought a new position in shares of Lightspeed Commerce during the 1st quarter worth approximately $119,000. BIT Capital GmbH acquired a new stake in shares of Lightspeed Commerce during the 1st quarter worth approximately $150,000. ANTIPODES PARTNERS Ltd bought a new stake in shares of Lightspeed Commerce in the 1st quarter valued at $259,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Lightspeed Commerce by 12.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 34,846 shares of the company’s stock valued at $305,000 after acquiring an additional 3,786 shares in the last quarter. Institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Trading Down 2.6%

LSPD opened at $13.09 on Monday. Lightspeed Commerce Inc. has a fifty-two week low of $7.34 and a fifty-two week high of $18.96. The firm has a market capitalization of $1.77 billion, a PE ratio of -2.88, a P/E/G ratio of 53.15 and a beta of 2.49. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.66 and a quick ratio of 4.58. The company’s 50-day moving average is $11.96 and its 200 day moving average is $11.67.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. The firm had revenue of $318.96 million during the quarter, compared to analyst estimates of $308.90 million. Lightspeed Commerce had a positive return on equity of 0.39% and a negative net margin of 59.16%.The company’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 EPS. Lightspeed Commerce has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, research analysts predict that Lightspeed Commerce Inc. will post 0.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on LSPD shares. Stifel Nicolaus increased their target price on shares of Lightspeed Commerce from $12.00 to $14.00 and gave the stock a “hold” rating in a research note on Friday, August 1st. Morgan Stanley increased their price objective on shares of Lightspeed Commerce from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 20th. Truist Financial raised their target price on Lightspeed Commerce from $11.00 to $12.00 and gave the company a “hold” rating in a research note on Thursday, July 17th. National Bankshares dropped their price target on Lightspeed Commerce from $15.00 to $13.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 23rd. Finally, Benchmark raised their price objective on Lightspeed Commerce from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Four research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Lightspeed Commerce currently has an average rating of “Hold” and a consensus price target of $13.57.

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.