Dimensional Fund Advisors LP Increases Position in Lightspeed Commerce Inc. (NYSE:LSPD)

Dimensional Fund Advisors LP raised its position in shares of Lightspeed Commerce Inc. (NYSE:LSPD) by 3.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,205,168 shares of the company’s stock after purchasing an additional 64,944 shares during the period. Dimensional Fund Advisors LP owned approximately 1.44% of Lightspeed Commerce worth $30,189,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in LSPD. TD Asset Management Inc raised its stake in shares of Lightspeed Commerce by 0.5% during the fourth quarter. TD Asset Management Inc now owns 361,808 shares of the company’s stock worth $7,633,000 after acquiring an additional 1,938 shares in the last quarter. Addenda Capital Inc. increased its holdings in shares of Lightspeed Commerce by 5.3% in the first quarter. Addenda Capital Inc. now owns 39,845 shares of the company’s stock worth $560,000 after buying an additional 1,990 shares during the period. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Lightspeed Commerce in the 1st quarter valued at about $35,000. CIBC Asset Management Inc grew its position in Lightspeed Commerce by 3.8% during the 4th quarter. CIBC Asset Management Inc now owns 151,989 shares of the company’s stock worth $3,201,000 after acquiring an additional 5,559 shares during the last quarter. Finally, Conestoga Capital Advisors LLC purchased a new position in Lightspeed Commerce in the 1st quarter worth approximately $141,000. Institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Stock Performance

Shares of LSPD opened at $16.45 on Wednesday. The company has a current ratio of 6.19, a quick ratio of 6.06 and a debt-to-equity ratio of 0.01. Lightspeed Commerce Inc. has a 12 month low of $11.01 and a 12 month high of $21.71. The company has a market cap of $2.52 billion, a price-to-earnings ratio of -15.37, a P/E/G ratio of 8.59 and a beta of 2.32. The business’s fifty day simple moving average is $13.28 and its two-hundred day simple moving average is $13.70.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.03. The firm had revenue of $266.10 million for the quarter, compared to analysts’ expectations of $258.58 million. Lightspeed Commerce had a negative return on equity of 0.99% and a negative net margin of 15.55%. The company’s revenue was up 27.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.14) EPS. Research analysts anticipate that Lightspeed Commerce Inc. will post 0.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LSPD has been the topic of several recent analyst reports. Benchmark restated a “buy” rating and issued a $20.00 target price on shares of Lightspeed Commerce in a report on Thursday, September 26th. Wells Fargo & Company decreased their price objective on shares of Lightspeed Commerce from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 31st. BMO Capital Markets increased their target price on shares of Lightspeed Commerce from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Piper Sandler reduced their price target on Lightspeed Commerce from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, Jefferies Financial Group dropped their price objective on Lightspeed Commerce from $22.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $18.59.

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.