Artisan Partners Limited Partnership Has $69.37 Million Position in Lightspeed Commerce Inc. (NYSE:LSPD)

Artisan Partners Limited Partnership reduced its stake in shares of Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,555,231 shares of the company's stock after selling 164,800 shares during the quarter. Artisan Partners Limited Partnership owned about 3.00% of Lightspeed Commerce worth $69,374,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of LSPD. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Lightspeed Commerce by 27.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,073 shares of the company's stock worth $158,000 after acquiring an additional 2,168 shares during the period. Vanguard Group Inc. increased its position in shares of 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 purchasing an additional 70,324 shares during the period. Intact Investment Management Inc. raised 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 buying an additional 829,577 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Lightspeed Commerce by 266.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,356,600 shares of the company's stock valued at $20,660,000 after buying an additional 986,100 shares in the last quarter. Finally, AGF Management Ltd. acquired a new position in Lightspeed Commerce during the fourth quarter worth about $1,295,000. Institutional investors and hedge funds own 68.68% of the company's stock.

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Lightspeed Commerce Stock Up 1.9 %

LSPD stock traded up $0.17 during mid-day trading on Tuesday, hitting $8.92. The stock had a trading volume of 971,790 shares, compared to its average volume of 935,533. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of -11.14, a PEG ratio of 3.03 and a beta of 2.44. The company has a current ratio of 6.10, a quick ratio of 5.99 and a debt-to-equity ratio of 0.01. Lightspeed Commerce Inc. has a 1-year low of $8.54 and a 1-year high of $18.96. The company has a fifty day moving average of $12.28 and a 200 day moving average of $14.69.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last posted its earnings results 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 negative net margin of 11.75% and a positive return on equity of 0.61%. On average, equities analysts expect that Lightspeed Commerce Inc. will post 0.08 EPS for the current fiscal year.

Analysts Set New Price Targets

LSPD has been the topic of several recent research reports. JPMorgan Chase & Co. lowered their price objective on shares of Lightspeed Commerce from $13.00 to $10.00 and set a "neutral" rating on the stock in a research note on Monday. Barclays reduced their price objective on Lightspeed Commerce from $15.00 to $13.00 and set an "equal weight" rating for the company in a research note on Friday. BMO Capital Markets cut their target price on Lightspeed Commerce from $15.00 to $14.00 and set an "outperform" rating on the stock in a research report on Thursday, March 27th. Scotiabank cut their price objective on Lightspeed Commerce from $19.00 to $17.00 and set a "sector outperform" rating on the stock in a report on Tuesday, March 25th. Finally, Stifel Nicolaus cut their price target on shares of Lightspeed Commerce from $15.00 to $12.00 and set a "hold" rating on the stock in a report on Friday. Eleven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $15.09.

Lightspeed Commerce Profile

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.