Tocqueville Asset Management L.P. Buys Shares of 135,000 Lightspeed Commerce Inc. (NYSE:LSPD)

Tocqueville Asset Management L.P. bought a new stake in Lightspeed Commerce Inc. (NYSE:LSPD) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 135,000 shares of the company’s stock, valued at approximately $1,898,000. Tocqueville Asset Management L.P. owned about 0.09% of Lightspeed Commerce as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dixon Mitchell Investment Counsel Inc. purchased a new position in Lightspeed Commerce in the first quarter valued at about $35,000. Conestoga Capital Advisors LLC purchased a new stake in shares of Lightspeed Commerce during the 1st quarter valued at approximately $141,000. Duality Advisers LP purchased a new stake in shares of Lightspeed Commerce during the 4th quarter valued at approximately $276,000. Addenda Capital Inc. lifted its stake in shares of Lightspeed Commerce by 5.3% during the 1st quarter. Addenda Capital Inc. now owns 39,845 shares of the company’s stock valued at $560,000 after buying an additional 1,990 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in shares of Lightspeed Commerce during the 4th quarter valued at approximately $1,229,000. 68.68% of the stock is currently owned by hedge funds and other institutional investors.

Lightspeed Commerce Price Performance

LSPD stock opened at $13.55 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.23 and a current ratio of 6.34. Lightspeed Commerce Inc. has a 52 week low of $12.23 and a 52 week high of $21.71. The firm’s fifty day moving average is $14.21 and its 200 day moving average is $14.77. The firm has a market cap of $2.08 billion, a P/E ratio of -12.66 and a beta of 2.33.

Lightspeed Commerce (NYSE:LSPD) last released its earnings results on Thursday, May 16th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.15) by $0.16. Lightspeed Commerce had a negative net margin of 18.03% and a negative return on equity of 2.02%. The company had revenue of $230.22 million for the quarter, compared to analyst estimates of $224.08 million. Research analysts predict that Lightspeed Commerce Inc. will post -0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on LSPD shares. BMO Capital Markets upped their price target on shares of Lightspeed Commerce from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Cibc World Mkts raised shares of Lightspeed Commerce from a “hold” rating to a “strong-buy” rating in a report on Friday, May 24th. Bank of America upped their target price on shares of Lightspeed Commerce from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, May 17th. Jefferies Financial Group upped their target price on shares of Lightspeed Commerce from $14.00 to $16.00 and gave the stock a “hold” rating in a report on Tuesday, May 21st. Finally, National Bankshares upped their target price on shares of Lightspeed Commerce from $15.00 to $16.00 and gave the stock a “sector perform” rating in a report on Friday, May 17th. Twelve equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $18.78.

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.