Lightspeed POS (NASDAQ:LSPD) Sees Unusually-High Trading Volume

Shares of Lightspeed POS Inc. (NASDAQ:LSPD) saw unusually-high trading volume on Monday . Approximately 59,523 shares changed hands during trading, a decline of 93% from the previous session’s volume of 853,204 shares.The stock last traded at $119.65 and had previously closed at $121.17.

Several research analysts have issued reports on LSPD shares. Raymond James increased their price target on Lightspeed POS from C$105.00 to C$140.00 and gave the stock an “outperform” rating in a report on Friday, August 6th. Scotiabank increased their price target on Lightspeed POS from $81.00 to $83.00 and gave the company a “sector perform” rating in a research report on Tuesday, June 8th. KeyCorp increased their price target on Lightspeed POS from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, July 28th. Royal Bank of Canada raised their target price on Lightspeed POS from $98.00 to $114.00 and gave the stock an “outperform” rating in a research report on Friday, August 6th. Finally, CIBC raised their target price on Lightspeed POS from C$155.00 to C$195.00 and gave the stock an “outperform” rating in a research report on Monday, September 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $121.93.

The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.88 and a current ratio of 4.91. The business has a 50-day moving average price of $102.76 and a 200 day moving average price of $82.16. The stock has a market capitalization of $15.72 billion and a P/E ratio of -92.50.

Lightspeed POS (NASDAQ:LSPD) last released its quarterly earnings data on Thursday, August 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.11. The business had revenue of $115.92 million for the quarter, compared to analysts’ expectations of $92.13 million. Lightspeed POS had a negative return on equity of 3.07% and a negative net margin of 50.92%. As a group, research analysts forecast that Lightspeed POS Inc. will post -0.54 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in LSPD. BlackRock Inc. lifted its position in Lightspeed POS by 871.5% in the 1st quarter. BlackRock Inc. now owns 1,874,843 shares of the company’s stock valued at $117,759,000 after acquiring an additional 1,681,862 shares in the last quarter. Morgan Stanley raised its stake in Lightspeed POS by 289.6% during the 1st quarter. Morgan Stanley now owns 927,198 shares of the company’s stock valued at $58,237,000 after buying an additional 689,205 shares during the last quarter. Capital International Investors raised its stake in Lightspeed POS by 47.7% during the 1st quarter. Capital International Investors now owns 1,817,650 shares of the company’s stock valued at $114,255,000 after buying an additional 586,614 shares during the last quarter. Summit Partners Public Asset Management LLC purchased a new stake in Lightspeed POS during the 1st quarter valued at $29,867,000. Finally, Vanguard Group Inc. raised its stake in Lightspeed POS by 22.6% during the 2nd quarter. Vanguard Group Inc. now owns 2,458,941 shares of the company’s stock valued at $205,592,000 after buying an additional 453,416 shares during the last quarter. 53.80% of the stock is currently owned by institutional investors and hedge funds.

About Lightspeed POS (NASDAQ:LSPD)

Lightspeed POS Inc provides commerce enabling Software as a Service (SaaS) platform for small and midsize businesses, retailers, restaurants, and golf course operators in Canada, the United States, Germany, Australia, and internationally. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc.

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