Renaissance Technologies LLC Has $3.65 Million Holdings in Lightspeed Commerce Inc. $LSPD

Renaissance Technologies LLC increased its position in shares of Lightspeed Commerce Inc. (NYSE:LSPDFree Report) by 1,221.5% during the first quarter, HoldingsChannel.com reports. The firm owned 406,783 shares of the company’s stock after buying an additional 376,000 shares during the period. Renaissance Technologies LLC’s holdings in Lightspeed Commerce were worth $3,645,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Pale Fire Capital SE acquired a new stake in Lightspeed Commerce during the first quarter worth $49,500,000. Bank of America Corp DE raised its stake in shares of Lightspeed Commerce by 846.0% in the 2nd quarter. Bank of America Corp DE now owns 1,873,942 shares of the company’s stock valued at $21,944,000 after buying an additional 1,675,853 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Lightspeed Commerce by 151.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,148,959 shares of the company’s stock worth $18,803,000 after acquiring an additional 1,295,469 shares during the period. Artisan Partners Limited Partnership lifted its holdings in shares of Lightspeed Commerce by 17.5% during the 4th quarter. Artisan Partners Limited Partnership now owns 3,900,930 shares of the company’s stock worth $47,066,000 after acquiring an additional 581,900 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of Lightspeed Commerce during the 2nd quarter valued at about $4,473,000. 68.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on LSPD shares. Stifel Nicolaus lowered their target price on shares of Lightspeed Commerce from $12.00 to $10.00 and set a “hold” rating on the stock in a research note on Friday, May 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lightspeed Commerce in a report on Friday, July 17th. Barclays decreased their price objective on Lightspeed Commerce from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. National Bank Financial dropped their target price on Lightspeed Commerce from $15.00 to $11.00 and set a “sector perform” rating for the company in a report on Wednesday, May 27th. Finally, Morgan Stanley dropped their target price on Lightspeed Commerce from $13.50 to $11.50 and set an “equal weight” rating for the company in a report on Friday, May 22nd. Four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $11.32.

Check Out Our Latest Stock Report on Lightspeed Commerce

Lightspeed Commerce Trading Up 2.2%

Shares of LSPD stock opened at $10.46 on Friday. The company has a market capitalization of $1.44 billion, a P/E ratio of -14.94, a P/E/G ratio of 1.09 and a beta of 1.88. Lightspeed Commerce Inc. has a 12-month low of $7.83 and a 12-month high of $13.72. The company has a quick ratio of 4.18, a current ratio of 3.55 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $10.02 and a 200 day moving average price of $9.60.

Lightspeed Commerce (NYSE:LSPDGet Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. The firm had revenue of $322.70 million for the quarter, compared to analysts’ expectations of $310.58 million. Lightspeed Commerce had a negative net margin of 7.81% and a positive return on equity of 1.06%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 earnings per share. Research analysts forecast that Lightspeed Commerce Inc. will post 0.31 earnings per share for the current fiscal year.

Lightspeed Commerce Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Lightspeed Commerce (NYSE:LSPD)

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