Barclays PLC Buys 28,825 Shares of Lightspeed Commerce Inc. (NYSE:LSPD)

Barclays PLC increased its stake in Lightspeed Commerce Inc. (NYSE:LSPD) by 8,355.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 29,170 shares of the company’s stock after purchasing an additional 28,825 shares during the quarter. Barclays PLC’s holdings in Lightspeed Commerce were worth $481,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in LSPD. Toronto Dominion Bank increased its position in shares of Lightspeed Commerce by 102.8% during the second quarter. Toronto Dominion Bank now owns 6,870 shares of the company’s stock valued at $94,000 after purchasing an additional 3,482 shares during the period. Headlands Technologies LLC acquired a new stake in Lightspeed Commerce during the second quarter worth $181,000. Aigen Investment Management LP bought a new stake in Lightspeed Commerce in the 3rd quarter valued at $225,000. Polar Asset Management Partners Inc. acquired a new position in shares of Lightspeed Commerce in the 3rd quarter valued at $412,000. Finally, Algert Global LLC bought a new position in shares of Lightspeed Commerce during the 3rd quarter worth about $448,000. Institutional investors own 68.68% of the company’s stock.

Wall Street Analysts Forecast Growth

LSPD has been the topic of several analyst reports. BTIG Research reiterated a “buy” rating and issued a $21.00 price objective on shares of Lightspeed Commerce in a research note on Thursday, September 26th. Piper Sandler upped their price target on Lightspeed Commerce from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. TD Securities lifted their price objective on Lightspeed Commerce from $15.00 to $19.00 and gave the company a “hold” rating in a report on Friday, November 8th. BMO Capital Markets upped 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. Finally, Royal Bank of Canada upgraded shares of Lightspeed Commerce from a “strong sell” rating to a “moderate buy” rating in a research report on Friday, November 8th. Eight 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. Based on data from MarketBeat.com, Lightspeed Commerce currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.07.

Lightspeed Commerce Trading Up 3.3 %

LSPD opened at $15.74 on Friday. The firm has a 50 day simple moving average of $16.58 and a 200 day simple moving average of $14.81. Lightspeed Commerce Inc. has a fifty-two week low of $11.01 and a fifty-two week high of $20.09. The company has a market cap of $2.39 billion, a price-to-earnings ratio of -17.69 and a beta of 2.40. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.08 and a quick ratio of 5.94.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. The business had revenue of $277.18 million for the quarter, compared to analyst estimates of $273.90 million. Lightspeed Commerce had a negative return on equity of 0.10% and a negative net margin of 13.56%. On average, sell-side analysts anticipate that Lightspeed Commerce Inc. will post -0.02 earnings per share for the current year.

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.