PCJ Investment Counsel Ltd. Increases Position in Lightspeed Commerce Inc.

PCJ Investment Counsel Ltd. has expanded its stake in Lightspeed Commerce Inc. (NYSE:LSPD) by 33.8% during the fourth quarter, as indicated by its recent Form 13F filing with the Securities and Exchange Commission (SEC). Following this increase, the institutional investor now holds 123,060 shares of the company's stock, having purchased an additional 31,060 shares in the quarter. As of the end of the fourth quarter, PCJ Investment Counsel Ltd. owned approximately 0.08% of Lightspeed Commerce, which was valued at $1,874,000.

Investors in Lightspeed Commerce

Numerous other institutional investors and hedge funds have also made adjustments to their positions in Lightspeed Commerce. Blue Trust Inc. significantly increased its stake in the company by 214.4% in the fourth quarter, bringing its total to 1,503 shares valued at $25,000 after acquiring an additional 1,025 shares. Additionally, Aigen Investment Management LP established a new position in Lightspeed Commerce during the third quarter, valued at $225,000. Meanwhile, Toronto Dominion Bank raised its holdings by 153.4%, owning 17,408 shares valued at $287,000 after purchasing 10,538 shares in the last quarter. PNC Financial Services Group Inc. also increased its stake by 5.5%, owning 24,296 shares worth $370,000 after an additional purchase. Lastly, Polar Asset Management Partners Inc. acquired a new stake in the third quarter valued at $412,000. At present, hedge funds and other institutional investors hold approximately 68.68% of the company's stock.

Wall Street Analyst Ratings

Several analysts have provided their insights regarding Lightspeed Commerce's stock. Barclays recently downgraded its target price from $18.00 to $15.00 while maintaining an “equal weight” rating. Conversely, Bank of America started coverage on Lightspeed Commerce with a “buy” rating and a target price of $20.00. UBS Group also adjusted its target price from $17.00 to $14.50 with a “neutral” rating. Furthermore, Piper Sandler reduced its price objective to $13.00 while maintaining a “neutral” stance on the stock. Wells Fargo & Company also decreased its target price from $16.00 to $13.00 with an “equal weight” rating. In summary, eight analysts have given the stock a hold rating, five have recommended buying it, and one has issued a strong buy recommendation. According to MarketBeat data, Lightspeed Commerce maintains a consensus rating of "Moderate Buy" with a consensus target price of $18.39.

Lightspeed Commerce Stock Overview

As of Friday, Lightspeed Commerce stock opened at $11.42. The company has a market capitalization of $1.75 billion, a price-to-earnings (PE) ratio of -14.27, and a price-to-earnings-growth (PEG) ratio of 3.03. Lightspeed has a beta value of 2.44, a quick ratio of 5.99, a current ratio of 6.10, and a very low debt-to-equity ratio of 0.01. Over the past year, the stock has reached a low of $11.01 and a high of $18.96, with 50-day and 200-day moving averages at $14.07 and $14.99, respectively.

Recent Earnings Report

Lightspeed Commerce released its earnings results on February 6, where it reported earnings per share (EPS) of $0.03, falling short of analysts' consensus estimate of $0.10 by $0.07. The company experienced a positive return on equity of 0.61%, but it also had a negative net margin of 11.75%. Experts predict that Lightspeed Commerce is expected to achieve earnings per share of $0.08 for the current fiscal year.

About Lightspeed Commerce

Lightspeed Commerce Inc. specializes in delivering cloud-based software and payment solutions tailored for small to medium-sized businesses, including retailers, restaurants, and golf course operators. The company operates its Software as a Service platform across North America, Europe, the United Kingdom, Australia, New Zealand, and other international markets, enabling clients to engage with consumers and manage operations efficiently.

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