[ad_1]
Manufacturers’ Life Insurance Company cut its stock position in Lightspeed Commerce (NYSE:LSPD – Get Rating) by 4.8% in the third quarter, according to the company’s latest Form 13F filing with the U.S. Securities and Exchange Commission. . The company owned 625,724 company shares after selling his 31,803 shares during the quarter. Manufacturers’ Life Insurance Company owned approximately 0.42% of his Lightspeed Commerce worth $11,119,000 at the end of the most recent reporting period.
Several other big investors have also recently changed their stakes in the company. Captrust Financial Advisors increased his Lightspeed Commerce stock position by 24.1% in the second quarter. After Captrust Financial Advisors purchased an additional 577 shares during this period, he now owns 2,975 shares of the company worth $66,000. PNC Financial Services Group Inc. increased his Lightspeed Commerce stock position by 112.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,299 shares worth $40,000 after purchasing an additional 688 shares during this period. Natixis Advisors LP increased his Lightspeed Commerce stock position by 7.1% in the second quarter. Natixis Advisors LP now owns 10,838 shares of the company worth $242,000 after purchasing an additional 715 shares during this period. Advisory Services Network LLC increased its holding in Lightspeed Commerce by 4.0% in the second quarter. Advisory Services Network LLC now owns 19,706 shares of the company stock valued at $439,000 after purchasing an additional 750 shares during this period. Finally, Vident Investment Advisory LLC increased its Lightspeed Commerce holding by 12.2% in the first quarter. Vident Investment Advisory LLC now owns 9,035 shares of the company stock valued at $275,000 after purchasing an additional 985 shares during this period. Currently 51.86% of the shares are owned by institutional investors and hedge funds.
Analyst Rating Change
LSPD has been the subject of many research reports. Bank of America kicked off coverage of Lightspeed Commerce shares in Wednesday’s report. They issued a “neutral” rating and a price target of $20.00. Truist Financial lowered its price target on Lightspeed Commerce’s stock from $40.00 to $30.00, giving the company a Buy rating in its Thursday, October 13 report. National Bankshares lowered its target price on Lightspeed Commerce shares from $65.00 to $40.00, setting the company’s valuation to “Outperform” in its report on Friday, November 4th. Industrial Alliance Securities began covering his Lightspeed Commerce stake in a report on Thursday, Sept. 29. They gave the company a “buy” rating. Finally, BMO Capital Markets lowered his target price on shares of Lightspeed Commerce from $35.00 to $26.00, giving the company an “Outperform” rating in its Friday, November 4 report. Four equity research analysts rated the stock with a hold rating and 12 gave the company’s stock a buy rating. Based on MarketBeat data, the stock currently has an average rating of “moderate buy” and an average target price of $31.00.
Lightspeed Commerce Inventory Up 0.5%
The LSPD opened Friday at $17.15. The company has a debt to equity ratio of 0.01, a current ratio of 6.41 and a quick ratio of 6.35. The company has a 50-day moving average of $15.21 and a 200-day moving average of $17.92. Lightspeed Commerce Inc. has a 52-week low of $12.71 and a 52-week high of $35.50.
Lightspeed Commerce (NYSE:LSPD – Get Rating) last reported quarterly results on Thursday, November 3rd. The company reported his earnings per share for the quarter ($0.23), beating analyst consensus expectations ($0.33) by $0.10. Lightspeed Commerce had a net profit margin of 54.92% and a return on equity of 5.55%. The company’s revenue for the quarter was $183.7 million, compared with analyst estimates of $181.8 million. As a group, research analysts expect Lightspeed Commerce Inc. to post -1.22 EPS for the current financial year.
Lightspeed Commerce Company Profile
(get rating)
Lightspeed Commerce Inc provides a commerce-enabling Software as a Service (SaaS) platform for small businesses, retailers, restaurants and golf course operators in Canada, the United States, Australia, the Netherlands and internationally. . Its SaaS platform allows customers to engage with consumers, manage operations and accept payments.
Featured article
Want to know which other hedge funds hold LSPD? Visit HoldingsChannel.com to get the latest Lightspeed Commerce Inc. (NYSE:LSPD – Get Rating) 13F filings and insider trading.
This instant news alert was generated by Narrative Science Technology and MarketBeat financial data to provide our readers with the fastest and most accurate reporting. This article was reviewed by MarketBeat’s editorial team prior to publication. Send any questions or comments about this story to contact@marketbeat.com.
Listen to this before you consider Lightspeed Commerce.
MarketBeat tracks Wall Street’s most acclaimed and top performing research analysts and the stocks they recommend to clients every day. MarketBeat has identified five stocks top analysts are quietly whispering to clients to buy now before the broader market catches on…and Lightspeed Commerce wasn’t on the list. .
Lightspeed Commerce currently holds a ‘moderate buy’ rating among analysts, but top rated analysts believe these five stocks are better buys.
See 5 stocks here
[ad_2]
Source link