Lightspeed Commerce Inc. (NYSE:LSPD) Short Interest Update

Lightspeed Commerce Inc. (NYSE:LSPD) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 6,460,000 shares, a growth of 28.9% from the February 28th total of 5,010,000 shares. Approximately 4.7% of the shares of the stock are sold short. Based on an average daily volume of 880,200 shares, the short-interest ratio is presently 7.3 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership increased its position in Lightspeed Commerce by 37,065.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,181,809 shares of the company’s stock worth $63,688,000 after buying an additional 4,170,557 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Lightspeed Commerce during the 4th quarter valued at about $24,334,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Lightspeed Commerce by 266.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,356,600 shares of the company’s stock valued at $20,660,000 after acquiring an additional 986,100 shares during the last quarter. Intact Investment Management Inc. raised its stake in shares of Lightspeed Commerce by 94.5% in the 4th quarter. Intact Investment Management Inc. now owns 1,707,257 shares of the company’s stock valued at $26,031,000 after acquiring an additional 829,577 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its holdings in Lightspeed Commerce by 304.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 397,752 shares of the company’s stock worth $6,061,000 after purchasing an additional 299,482 shares during the last quarter. Institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Stock Up 1.9 %

NYSE LSPD traded up $0.17 on Tuesday, reaching $8.92. The stock had a trading volume of 971,790 shares, compared to its average volume of 935,533. The company has a current ratio of 6.10, a quick ratio of 5.99 and a debt-to-equity ratio of 0.01. Lightspeed Commerce has a 1 year low of $8.54 and a 1 year high of $18.96. The business has a 50 day moving average price of $12.28 and a 200 day moving average price of $14.69. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of -11.14, a P/E/G ratio of 3.03 and a beta of 2.44.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.07). Lightspeed Commerce had a positive return on equity of 0.61% and a negative net margin of 11.75%. On average, analysts forecast that Lightspeed Commerce will post 0.08 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on LSPD shares. Royal Bank of Canada cut their target price on shares of Lightspeed Commerce from $20.00 to $15.00 and set an “outperform” rating for the company in a research note on Tuesday, March 25th. JPMorgan Chase & Co. cut their price objective on Lightspeed Commerce from $13.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday. Atb Cap Markets cut Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 26th. BMO Capital Markets reduced their target price on Lightspeed Commerce from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, March 27th. Finally, Scotiabank decreased their price target on Lightspeed Commerce from $19.00 to $17.00 and set a “sector outperform” rating for the company in a research report on Tuesday, March 25th. Eleven analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $15.09.

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.