A number of other institutional investors and hedge funds also recently modified their holdings of LSPD. Vanguard Group Inc. raised its stake in Lightspeed Commerce by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 5,333,306 shares of the company’s stock valued at $81,319,000 after acquiring an additional 70,324 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Lightspeed Commerce by 37,065.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,181,809 shares of the company’s stock valued at $63,688,000 after purchasing an additional 4,170,557 shares in the last quarter. Nuveen Asset Management LLC grew its position in Lightspeed Commerce by 0.8% in the 4th quarter. Nuveen Asset Management LLC now owns 3,149,919 shares of the company’s stock valued at $48,009,000 after buying an additional 24,891 shares in the last quarter. Bank of Montreal Can raised its position in shares of Lightspeed Commerce by 1.1% during the 4th quarter. Bank of Montreal Can now owns 2,022,590 shares of the company’s stock worth $30,803,000 after buying an additional 21,357 shares in the last quarter. Finally, Intact Investment Management Inc. lifted its stake in shares of Lightspeed Commerce by 94.5% in the 4th quarter. Intact Investment Management Inc. now owns 1,707,257 shares of the company’s stock worth $26,031,000 after acquiring an additional 829,577 shares during the period. 68.68% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently issued reports on the company. Stifel Nicolaus lowered their price target on Lightspeed Commerce from $15.00 to $12.00 and set a “hold” rating on the stock in a research report on Friday, March 28th. Bank of America reduced their price objective on shares of Lightspeed Commerce from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, March 27th. Atb Cap Markets cut shares of Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 26th. Barclays dropped their price target on Lightspeed Commerce from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday, April 21st. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $9.00 price objective (down from $10.00) on shares of Lightspeed Commerce in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $14.04.

Check Out Our Latest Analysis on LSPD

Shares of LSPD opened at $11.50 on Friday. The business’s fifty day moving average is $9.89 and its 200 day moving average is $12.65. Lightspeed Commerce Inc. has a 12-month low of $7.34 and a 12-month high of $18.96. The company has a quick ratio of 5.99, a current ratio of 6.10 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.76 billion, a P/E ratio of -14.37, a P/E/G ratio of 3.03 and a beta of 2.47.

Lightspeed Commerce (NYSE:LSPD – Get Free Report) last posted its earnings results on Thursday, May 22nd. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The company had revenue of $253.42 million during the quarter, compared to the consensus estimate of $252.51 million. Lightspeed Commerce had a negative net margin of 11.75% and a positive return on equity of 0.61%. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 EPS. Sell-side analysts anticipate that Lightspeed Commerce Inc. will post 0.08 earnings per share for the current fiscal year.

(Free Report)

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.

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