Addenda Capital Inc. Has $560,000 Stock Holdings in Lightspeed Commerce Inc. (NYSE:LSPD)

Addenda Capital Inc. increased its position in shares of Lightspeed Commerce Inc. (NYSE:LSPD) by 5.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,845 shares of the company’s stock after acquiring an additional 1,990 shares during the period. Addenda Capital Inc.’s holdings in Lightspeed Commerce were worth $560,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Russell Investments Group Ltd. acquired a new stake in Lightspeed Commerce in the fourth quarter valued at approximately $2,819,000. Vanguard Group Inc. lifted its holdings in shares of Lightspeed Commerce by 1.5% during the third quarter. Vanguard Group Inc. now owns 4,938,501 shares of the company’s stock worth $69,287,000 after purchasing an additional 72,890 shares during the period. Hsbc Holdings PLC acquired a new position in shares of Lightspeed Commerce during the fourth quarter worth $1,229,000. Artisan Partners Limited Partnership lifted its holdings in shares of Lightspeed Commerce by 13.4% during the fourth quarter. Artisan Partners Limited Partnership now owns 5,297,686 shares of the company’s stock worth $111,232,000 after purchasing an additional 627,796 shares during the period. Finally, Norges Bank acquired a new position in shares of Lightspeed Commerce during the fourth quarter worth $25,993,000. Institutional investors and hedge funds own 68.68% of the company’s stock.

Lightspeed Commerce Stock Down 0.4 %

Lightspeed Commerce stock opened at $13.69 on Friday. Lightspeed Commerce Inc. has a fifty-two week low of $12.23 and a fifty-two week high of $21.71. The firm’s 50-day simple moving average is $14.10 and its 200 day simple moving average is $15.39. 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 (NYSE:LSPD) last released its quarterly earnings results on Thursday, May 16th. The company reported $0.01 earnings per share for the quarter, topping 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 business had revenue of $230.22 million for the quarter, compared to analysts’ expectations of $224.08 million. Equities analysts forecast that Lightspeed Commerce Inc. will post -0.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on LSPD shares. Cibc World Mkts upgraded shares of Lightspeed Commerce from a “hold” rating to a “strong-buy” rating in a report on Friday, May 24th. BMO Capital Markets lifted their target price on shares of Lightspeed Commerce from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Jefferies Financial Group lifted their target price on shares of Lightspeed Commerce from $14.00 to $16.00 and gave the stock a “hold” rating in a research note on Tuesday, May 21st. Royal Bank of Canada reissued an “outperform” rating and set a $21.00 target price on shares of Lightspeed Commerce in a research note on Wednesday, May 29th. Finally, Scotiabank lifted their target price on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 17th. Twelve investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lightspeed Commerce presently has an average rating of “Hold” and an average target price of $18.78.

About Lightspeed Commerce

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.