Connor Clark & Lunn Investment Management Ltd. Buys 650,200 Shares of Lightspeed Commerce Inc. $LSPD

Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Lightspeed Commerce Inc. (NYSE:LSPD) by 43.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,139,300 shares of the company’s stock after acquiring an additional 650,200 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 1.56% of Lightspeed Commerce worth $25,121,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Lightspeed Commerce by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,197 shares of the company’s stock worth $98,000 after purchasing an additional 1,124 shares during the period. PCJ Investment Counsel Ltd. grew its stake in Lightspeed Commerce by 2.7% during the first quarter. PCJ Investment Counsel Ltd. now owns 126,420 shares of the company’s stock worth $1,106,000 after buying an additional 3,360 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Lightspeed Commerce by 12.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 34,846 shares of the company’s stock valued at $305,000 after buying an additional 3,786 shares during the period. Moloney Securities Asset Management LLC increased its holdings in Lightspeed Commerce by 17.4% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 57,454 shares of the company’s stock valued at $673,000 after buying an additional 8,500 shares during the period. Finally, Tempus Wealth Planning LLC acquired a new position in shares of Lightspeed Commerce in the 1st quarter valued at approximately $119,000. 68.68% of the stock is currently owned by institutional investors.

Lightspeed Commerce Stock Performance

NYSE LSPD opened at $13.09 on Monday. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of -2.88, a PEG ratio of 53.15 and a beta of 2.49. The company has a quick ratio of 4.58, a current ratio of 4.66 and a debt-to-equity ratio of 0.01. Lightspeed Commerce Inc. has a twelve month low of $7.34 and a twelve month high of $18.96. The stock has a fifty day simple moving average of $11.96 and a 200 day simple moving average of $11.67.

Lightspeed Commerce (NYSE:LSPD) last announced its earnings results on Thursday, November 6th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.11 by $0.05. The firm had revenue of $318.96 million for the quarter, compared to the consensus estimate of $308.90 million. Lightspeed Commerce had a positive return on equity of 0.39% and a negative net margin of 59.16%.The business’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 EPS. Lightspeed Commerce has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Sell-side analysts expect that Lightspeed Commerce Inc. will post 0.08 EPS for the current year.

Analysts Set New Price Targets

LSPD has been the topic of several analyst reports. Zacks Research upgraded shares of Lightspeed Commerce from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 21st. Benchmark raised their target price on Lightspeed Commerce from $16.00 to $18.00 and gave the company a “buy” rating in a report on Friday, August 1st. National Bankshares dropped their price objective on Lightspeed Commerce from $15.00 to $13.00 and set a “sector perform” rating for the company in a research report on Thursday, October 23rd. Barclays lifted their target price on Lightspeed Commerce from $12.00 to $15.00 and gave the company an “equal weight” rating in a research report on Friday, August 1st. Finally, Royal Bank Of Canada set a $15.00 target price on shares of Lightspeed Commerce and gave the stock an “outperform” rating in a report on Wednesday, September 17th. Four analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $13.57.

Lightspeed Commerce 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.