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

Lightspeed Commerce Inc. (NYSE:LSPD) was the recipient of 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. Based on an average trading volume of 880,200 shares, the days-to-cover ratio is presently 7.3 days. Currently, 4.7% of the company’s stock are sold short.

Lightspeed Commerce Stock Performance

NYSE LSPD traded up $0.17 on Tuesday, hitting $8.92. The stock had a trading volume of 971,790 shares, compared to its average volume of 935,533. The company’s 50-day moving average is $12.28 and its two-hundred day moving average is $14.69. Lightspeed Commerce has a one year low of $8.54 and a one year high of $18.96. The stock has a market cap 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. The company has a quick ratio of 5.99, a current ratio of 6.10 and a debt-to-equity ratio of 0.01.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.03 earnings per share (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 expect that Lightspeed Commerce will post 0.08 earnings per share for the current year.

Hedge Funds Weigh In On Lightspeed Commerce

Several large investors have recently bought and sold shares of the stock. Mackenzie Financial Corp lifted its stake in shares of Lightspeed Commerce by 156.9% in the 4th quarter. Mackenzie Financial Corp now owns 360,221 shares of the company’s stock worth $5,487,000 after acquiring an additional 220,000 shares during the period. Toronto Dominion Bank boosted its stake in Lightspeed Commerce by 17.6% during the 4th quarter. Toronto Dominion Bank now owns 20,477 shares of the company’s stock valued at $312,000 after purchasing an additional 3,069 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Lightspeed Commerce by 6.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 122,854 shares of the company’s stock valued at $1,871,000 after purchasing an additional 7,022 shares during the period. Twinbeech Capital LP bought a new stake in shares of Lightspeed Commerce in the 4th quarter worth $261,000. Finally, Two Sigma Advisers LP raised its stake in shares of Lightspeed Commerce by 165.6% in the 4th quarter. Two Sigma Advisers LP now owns 64,800 shares of the company’s stock worth $987,000 after buying an additional 40,400 shares in the last quarter. Institutional investors and hedge funds own 68.68% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LSPD. Scotiabank dropped their target price on shares of 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. Royal Bank of Canada lowered their price objective on Lightspeed Commerce from $20.00 to $15.00 and set an “outperform” rating for the company in a report on Tuesday, March 25th. Bank of America reduced their target price on Lightspeed Commerce from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, March 27th. Stifel Nicolaus lowered their price target on Lightspeed Commerce from $15.00 to $12.00 and set a “hold” rating for the company in a report on Friday. Finally, Atb Cap Markets lowered Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Eleven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Lightspeed Commerce presently 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.