Alberta Investment Management Corp Increases Position in Lightspeed Commerce Inc. (NYSE:LSPD)

Alberta Investment Management Corp increased its stake in shares of Lightspeed Commerce Inc. (NYSE:LSPD) by 45.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 150,300 shares of the company’s stock after buying an additional 47,000 shares during the period. Alberta Investment Management Corp owned about 0.10% of Lightspeed Commerce worth $2,291,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LSPD. Westfield Capital Management Co. LP lifted its position in shares of Lightspeed Commerce by 30.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 3,325,531 shares of the company’s stock valued at $54,838,000 after acquiring an additional 766,688 shares during the period. Azora Capital LP raised its holdings in Lightspeed Commerce by 3.4% during the third quarter. Azora Capital LP now owns 1,439,331 shares of the company’s stock worth $23,735,000 after purchasing an additional 47,359 shares during the last quarter. National Bank of Canada FI boosted its position in Lightspeed Commerce by 1.4% during the third quarter. National Bank of Canada FI now owns 1,161,144 shares of the company’s stock worth $19,146,000 after purchasing an additional 16,267 shares in the last quarter. Intact Investment Management Inc. boosted its position in Lightspeed Commerce by 10,117.5% during the third quarter. Intact Investment Management Inc. now owns 877,680 shares of the company’s stock worth $14,473,000 after purchasing an additional 869,090 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Lightspeed Commerce by 226.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 370,500 shares of the company’s stock valued at $6,108,000 after purchasing an additional 256,900 shares during the last quarter. 68.68% of the stock is currently owned by institutional investors and hedge funds.

Lightspeed Commerce Price Performance

LSPD stock opened at $13.43 on Friday. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of -16.79, a price-to-earnings-growth ratio of 3.10 and a beta of 2.42. The company has a quick ratio of 5.99, a current ratio of 6.10 and a debt-to-equity ratio of 0.01. Lightspeed Commerce Inc. has a 52-week low of $11.01 and a 52-week high of $18.96. The stock’s fifty day simple moving average is $14.77 and its 200-day simple moving average is $15.00.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.07). Lightspeed Commerce had a positive return on equity of 0.61% and a negative net margin of 11.75%. Equities research analysts expect that Lightspeed Commerce Inc. will post 0.08 EPS for the current year.

Analyst Upgrades and Downgrades

LSPD has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on Lightspeed Commerce from $20.00 to $26.00 in a research note on Friday, November 8th. Wells Fargo & Company cut their target price on shares of Lightspeed Commerce from $16.00 to $13.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Royal Bank of Canada upgraded shares of Lightspeed Commerce from a “strong sell” rating to a “moderate buy” rating in a research report on Friday, November 8th. Benchmark lifted their price objective on Lightspeed Commerce from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Scotiabank reduced their target price on Lightspeed Commerce from $21.00 to $19.00 and set a “sector outperform” rating on the stock in a research note on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Lightspeed Commerce has an average rating of “Moderate Buy” and a consensus price target of $18.39.

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.