Hillsdale Investment Management Inc. Lowers Stock Position in Lightspeed Commerce Inc. $LSPD

Hillsdale Investment Management Inc. lessened its position in shares of Lightspeed Commerce Inc. (NYSE:LSPD) by 98.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 3,800 shares of the company’s stock after selling 323,288 shares during the period. Hillsdale Investment Management Inc.’s holdings in Lightspeed Commerce were worth $34,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of LSPD. Russell Investments Group Ltd. raised its holdings in Lightspeed Commerce by 106.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 10,386 shares of the company’s stock worth $122,000 after purchasing an additional 5,354 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Lightspeed Commerce in the second quarter valued at approximately $92,000. Pictet Asset Management Holding SA increased its position in shares of Lightspeed Commerce by 5.7% in the first quarter. Pictet Asset Management Holding SA now owns 26,557 shares of the company’s stock valued at $237,000 after buying an additional 1,439 shares in the last quarter. Louisbourg Investments Inc. raised its stake in shares of Lightspeed Commerce by 4.1% during the 1st quarter. Louisbourg Investments Inc. now owns 672,764 shares of the company’s stock worth $6,004,000 after buying an additional 26,531 shares during the period. Finally, Purpose Unlimited Inc. purchased a new position in shares of Lightspeed Commerce during the 4th quarter valued at approximately $247,000. Institutional investors and hedge funds own 68.68% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on LSPD shares. UBS Group reduced their price objective on shares of Lightspeed Commerce from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, May 22nd. Bank of America assumed coverage on shares of Lightspeed Commerce in a research report on Tuesday, May 19th. They set an “underperform” rating and a $10.00 price target for the company. Morgan Stanley lowered their price objective on Lightspeed Commerce from $13.50 to $11.50 and set an “equal weight” rating on the stock in a report on Friday, May 22nd. Scotiabank cut their price objective on Lightspeed Commerce from $12.00 to $10.00 and set a “sector perform” rating for the company in a research note on Monday, May 25th. Finally, Royal Bank Of Canada reduced their target price on Lightspeed Commerce from $13.00 to $10.00 and set an “outperform” rating for the company in a report on Friday, May 22nd. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $11.27.

Lightspeed Commerce Stock Performance

LSPD opened at $10.38 on Friday. Lightspeed Commerce Inc. has a twelve month low of $7.83 and a twelve month high of $14.34. The firm has a market capitalization of $1.43 billion, a PE ratio of -10.07, a PEG ratio of 1.96 and a beta of 1.88. The company has a current ratio of 4.28, a quick ratio of 4.18 and a debt-to-equity ratio of 0.01. The firm’s 50-day moving average price is $9.62 and its 200 day moving average price is $9.79.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings data on Thursday, May 21st. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). Lightspeed Commerce had a negative net margin of 11.77% and a positive return on equity of 0.32%. The business had revenue of $290.80 million during the quarter, compared to analyst estimates of $282.87 million. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. As a group, sell-side analysts expect that Lightspeed Commerce Inc. will post 0.3 EPS for the current fiscal year.

About Lightspeed Commerce

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.