Renaissance Technologies LLC Has $3.65 Million Position in Lightspeed Commerce Inc. $LSPD

Renaissance Technologies LLC boosted its holdings in shares of Lightspeed Commerce Inc. (NYSE:LSPD) by 1,221.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 406,783 shares of the company’s stock after acquiring an additional 376,000 shares during the quarter. Renaissance Technologies LLC owned approximately 0.30% of Lightspeed Commerce worth $3,645,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in LSPD. Plato Investment Management Ltd increased its stake in shares of Lightspeed Commerce by 880.0% during the 4th quarter. Plato Investment Management Ltd now owns 5,292 shares of the company’s stock worth $64,000 after purchasing an additional 4,752 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Lightspeed Commerce in the 2nd quarter valued at $92,000. Russell Investments Group Ltd. lifted its stake in shares of Lightspeed Commerce by 106.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 10,386 shares of the company’s stock valued at $122,000 after purchasing an additional 5,354 shares during the last quarter. Aigen Investment Management LP bought a new stake in Lightspeed Commerce in the fourth quarter worth $125,000. Finally, Brooklyn Investment Group bought a new stake in Lightspeed Commerce in the fourth quarter worth $132,000. 68.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Royal Bank Of Canada cut their target price on Lightspeed Commerce from $13.00 to $10.00 and set an “outperform” rating on the stock in a report on Friday, May 22nd. Bank of America assumed coverage on Lightspeed Commerce in a research note on Tuesday, May 19th. They set an “underperform” rating and a $10.00 price target for the company. BMO Capital Markets lowered their price objective on Lightspeed Commerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a report on Monday, May 25th. Scotiabank cut their price objective on Lightspeed Commerce from $12.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Monday, May 25th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lightspeed Commerce in a report on Friday, July 17th. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Lightspeed Commerce has a consensus rating of “Hold” and a consensus target price of $11.32.

Lightspeed Commerce Stock Up 2.2%

LSPD opened at $10.46 on Friday. The business has a 50 day moving average of $10.02 and a 200-day moving average of $9.60. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of -14.94, a P/E/G ratio of 1.09 and a beta of 1.88. The company has a current ratio of 3.55, a quick ratio of 4.18 and a debt-to-equity ratio of 0.01. Lightspeed Commerce Inc. has a 1-year low of $7.83 and a 1-year high of $13.72.

Lightspeed Commerce (NYSE:LSPD) last announced its earnings results on Thursday, July 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. Lightspeed Commerce had a negative net margin of 7.81% and a positive return on equity of 1.06%. The business had revenue of $322.70 million for the quarter, compared to analyst estimates of $310.58 million. During the same quarter in the previous year, the firm posted $0.06 earnings per share. Lightspeed Commerce’s revenue was up 5.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Lightspeed Commerce Inc. will post 0.31 earnings per share for the current year.

Lightspeed Commerce Profile

Lightspeed Commerce Inc is a Canadian technology company that develops cloud-based point-of-sale (POS) and e-commerce software for small and medium-sized businesses across the retail and hospitality sectors. Its integrated platform enables merchants to manage sales, inventory, customer relationships and analytics through a single interface. By combining in-store and online channels, Lightspeed helps businesses streamline operations and improve customer engagement in an increasingly omnichannel marketplace.

The company’s product suite includes POS terminals, payment processing services, inventory management tools, customer loyalty programs and data reporting dashboards.