Arrowstreet Capital Limited Partnership lifted its position in Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 37,065.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,181,809 shares of the company's stock after acquiring an additional 4,170,557 shares during the period. Arrowstreet Capital Limited Partnership owned 2.75% of Lightspeed Commerce worth $63,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in Lightspeed Commerce by 214.4% during the 4th quarter. Blue Trust Inc. now owns 1,503 shares of the company's stock valued at $25,000 after purchasing an additional 1,025 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in 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 buying an additional 2,168 shares during the period. Toronto Dominion Bank increased its holdings in Lightspeed Commerce by 153.4% in the 3rd quarter. Toronto Dominion Bank now owns 17,408 shares of the company's stock worth $287,000 after buying an additional 10,538 shares during the period. Amundi raised its position in Lightspeed Commerce by 20.5% during the 4th quarter. Amundi now owns 22,538 shares of the company's stock worth $347,000 after buying an additional 3,838 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Lightspeed Commerce by 5.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 24,296 shares of the company's stock valued at $370,000 after acquiring an additional 1,276 shares during the period. Hedge funds and other institutional investors own 68.68% of the company's stock.
Lightspeed Commerce Price Performance
Shares of LSPD traded down $0.46 during mid-day trading on Friday, hitting $7.74. 1,375,578 shares of the company were exchanged, compared to its average volume of 938,455. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -9.74, a price-to-earnings-growth ratio of 3.03 and a beta of 2.44. Lightspeed Commerce Inc. has a 1-year low of $7.43 and a 1-year high of $18.96. The company has a 50 day moving average of $12.04 and a 200-day moving average of $14.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.99 and a current ratio of 6.10.
Lightspeed Commerce (NYSE:LSPD - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.03 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%. Analysts expect that Lightspeed Commerce Inc. will post 0.08 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
LSPD has been the subject of several recent research reports. Stifel Nicolaus reduced their target price on shares of Lightspeed Commerce from $15.00 to $12.00 and set a "hold" rating for the company in a report on Friday, March 28th. BMO Capital Markets reduced their price objective on Lightspeed Commerce from $15.00 to $14.00 and set an "outperform" rating for the company in a research note on Thursday, March 27th. UBS Group decreased their price objective on Lightspeed Commerce from $17.00 to $14.50 and set a "neutral" rating for the company in a report on Friday, February 7th. Piper Sandler dropped their target price on Lightspeed Commerce from $13.00 to $11.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Finally, Benchmark reduced their price target on Lightspeed Commerce from $21.00 to $16.00 and set a "buy" rating for the company in a research report on Thursday, March 27th. Eleven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $15.09.
Get Our Latest Stock Analysis on LSPD
Lightspeed Commerce Profile
(
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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