Connor Clark & Lunn Investment Management Ltd. Has $31.78 Million Stock Holdings in Lightspeed Commerce Inc. $LSPD

Connor Clark & Lunn Investment Management Ltd. increased its stake in Lightspeed Commerce Inc. (NYSE:LSPD) by 28.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,752,669 shares of the company’s stock after acquiring an additional 613,369 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 2.04% of Lightspeed Commerce worth $31,778,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LSPD. Louisbourg Investments Inc. raised its holdings in Lightspeed Commerce by 18.0% during the 3rd quarter. Louisbourg Investments Inc. now owns 652,062 shares of the company’s stock worth $7,527,000 after purchasing an additional 99,357 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Lightspeed Commerce by 29.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,468,872 shares of the company’s stock valued at $28,948,000 after purchasing an additional 556,724 shares during the last quarter. Aviso Financial Inc. acquired a new stake in shares of Lightspeed Commerce during the third quarter worth $784,000. AMH Equity Ltd acquired a new stake in shares of Lightspeed Commerce during the third quarter worth $693,000. Finally, Addenda Capital Inc. bought a new position in Lightspeed Commerce during the third quarter worth $583,000. 68.68% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LSPD. TD Securities raised shares of Lightspeed Commerce to a “hold” rating in a research report on Thursday, January 15th. Truist Financial lowered their price objective on Lightspeed Commerce from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, February 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lightspeed Commerce in a research note on Thursday, January 22nd. Zacks Research lowered Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Finally, Barclays lowered their target price on Lightspeed Commerce from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, January 12th. Five investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $13.33.

Lightspeed Commerce Price Performance

Shares of NYSE LSPD opened at $8.93 on Friday. The firm’s 50-day moving average price is $10.30 and its 200-day moving average price is $11.36. Lightspeed Commerce Inc. has a 1-year low of $7.34 and a 1-year high of $14.34. The firm has a market capitalization of $1.23 billion, a P/E ratio of -1.93, a P/E/G ratio of 10.99 and a beta of 2.08. The company has a current ratio of 4.52, a quick ratio of 4.44 and a debt-to-equity ratio of 0.01.

Lightspeed Commerce (NYSE:LSPD) last issued its earnings results on Thursday, February 5th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.13 by $0.02. The company had revenue of $312.35 million during the quarter, compared to the consensus estimate of $311.28 million. Lightspeed Commerce had a positive return on equity of 0.37% and a negative net margin of 58.15%.The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period last year, the business posted $0.12 EPS. Equities research analysts anticipate that Lightspeed Commerce Inc. will post 0.08 earnings per share for the current fiscal year.

Lightspeed Commerce Profile

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.