Addenda Capital Inc. Grows Stock Position in Lightspeed Commerce Inc. (NYSE:LSPD)

Addenda Capital Inc. increased its stake in Lightspeed Commerce Inc. (NYSE:LSPD) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,609 shares of the company’s stock after buying an additional 931 shares during the quarter. Addenda Capital Inc.’s holdings in Lightspeed Commerce were worth $710,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of LSPD. Harbor Capital Advisors Inc. grew its holdings in Lightspeed Commerce by 1.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 229,612 shares of the company’s stock worth $3,497,000 after acquiring an additional 2,231 shares in the last quarter. Barclays PLC raised its holdings in Lightspeed Commerce by 8,355.1% in the third quarter. Barclays PLC now owns 29,170 shares of the company’s stock worth $481,000 after purchasing an additional 28,825 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of Lightspeed Commerce by 153.4% during the 3rd quarter. Toronto Dominion Bank now owns 17,408 shares of the company’s stock worth $287,000 after acquiring an additional 10,538 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Lightspeed Commerce by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 64,920 shares of the company’s stock valued at $1,075,000 after purchasing an additional 4,629 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in Lightspeed Commerce in the third quarter valued at about $699,000. 68.68% of the stock is owned by hedge funds and other institutional investors.

Lightspeed Commerce Stock Performance

NYSE LSPD opened at $14.61 on Tuesday. The company has a quick ratio of 5.94, a current ratio of 6.08 and a debt-to-equity ratio of 0.01. Lightspeed Commerce Inc. has a twelve month low of $11.01 and a twelve month high of $20.09. The stock has a 50-day moving average of $16.53 and a 200 day moving average of $14.94.

Lightspeed Commerce (NYSE:LSPD) last announced its earnings results on Thursday, November 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $277.18 million for the quarter, compared to analyst estimates of $273.90 million. Lightspeed Commerce had a negative return on equity of 0.10% and a negative net margin of 13.56%. As a group, equities research analysts expect that Lightspeed Commerce Inc. will post -0.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LSPD has been the subject of several research analyst reports. BTIG Research reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Lightspeed Commerce in a research report on Thursday, September 26th. Royal Bank of Canada raised Lightspeed Commerce from a “strong sell” rating to a “moderate buy” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. raised their target price on Lightspeed Commerce from $20.00 to $26.00 in a research note on Friday, November 8th. Wells Fargo & Company dropped their price target on Lightspeed Commerce from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Finally, BMO Capital Markets raised their price objective on Lightspeed Commerce from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Nine investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $19.50.

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.