The Manufacturers Life Insurance Company purchased a new position in Lightspeed POS Inc. (NASDAQ:LSPD) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 573,291 shares of the company’s stock, valued at approximately $24,457,000. The Manufacturers Life Insurance Company owned approximately 0.61% of Lightspeed POS at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. Toronto Dominion Bank acquired a new position in Lightspeed POS during the 3rd quarter valued at about $208,000. GSA Capital Partners LLP acquired a new position in Lightspeed POS during the 3rd quarter valued at about $272,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Lightspeed POS during the 3rd quarter valued at about $287,000. Quantitative Systematic Strategies LLC acquired a new position in Lightspeed POS during the 3rd quarter valued at about $288,000. Finally, Cidel Asset Management Inc. acquired a new position in Lightspeed POS during the 3rd quarter valued at about $348,000.
Several research analysts recently issued reports on LSPD shares. Barclays started coverage on Lightspeed POS in a research report on Tuesday, October 6th. They set an “overweight” rating and a $40.00 target price on the stock. BMO Capital Markets increased their price objective on Lightspeed POS from $50.00 to $62.00 and gave the company an “outperform” rating in a report on Friday, November 6th. Royal Bank of Canada increased their price objective on Lightspeed POS from $47.00 to $56.00 and gave the company a “sector perform” rating in a report on Monday, November 9th. TD Securities increased their price objective on Lightspeed POS from $50.00 to $65.00 and gave the company a “buy” rating in a report on Friday, November 6th. Finally, BTIG Research reissued a “buy” rating and issued a $58.00 price objective (up from $53.00) on shares of Lightspeed POS in a report on Thursday, November 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. Lightspeed POS presently has a consensus rating of “Buy” and an average price target of $56.75.
Lightspeed POS (NASDAQ:LSPD) last issued its quarterly earnings results on Thursday, November 5th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). The business had revenue of $45.49 million during the quarter, compared to the consensus estimate of $39.89 million.
About Lightspeed POS
Lightspeed POS Inc provides commerce enabling Software as a Service (SaaS) platform for small and midsize businesses, retailers, restaurants, and golf course operators. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc. The company's solutions cover front-end customer experience that include point of sale, omni-channel engagement, home delivery, and order and loyalty management, as well as management of discounts, price rules, and gift cards; back-end operations management comprising product and menu, inventory, bookings and membership, customer, employee, accounting, floor and table, workflow, reporting and analytics, and real-time dashboard; and integrated payment gateway solutions.
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