Marshall Wace LLP Sells 176,983 Shares of Lightspeed Commerce Inc. (NYSE:LSPD)

Marshall Wace LLP decreased its position in Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 21.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 661,506 shares of the company's stock after selling 176,983 shares during the quarter. Marshall Wace LLP owned 0.44% of Lightspeed Commerce worth $10,075,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Arrowstreet Capital Limited Partnership grew its position in Lightspeed Commerce by 37,065.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,181,809 shares of the company's stock worth $63,688,000 after acquiring an additional 4,170,557 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Lightspeed Commerce by 266.2% during the 4th 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 during the period. Intact Investment Management Inc. boosted its holdings in shares of Lightspeed Commerce by 94.5% during the fourth quarter. Intact Investment Management Inc. now owns 1,707,257 shares of the company's stock worth $26,031,000 after purchasing an additional 829,577 shares during the period. AGF Management Ltd. purchased a new position in shares of Lightspeed Commerce during the fourth quarter valued at approximately $1,295,000. Finally, State Street Corp raised its holdings in shares of Lightspeed Commerce by 29.1% during the third quarter. State Street Corp now owns 353,472 shares of the company's stock valued at $5,829,000 after acquiring an additional 79,696 shares in the last quarter. 68.68% of the stock is currently owned by institutional investors.

Lightspeed Commerce Price Performance

LSPD stock traded up $0.13 during midday trading on Friday, hitting $10.25. The company's stock had a trading volume of 1,151,974 shares, compared to its average volume of 988,667. The company has a quick ratio of 5.99, a current ratio of 6.10 and a debt-to-equity ratio of 0.01. Lightspeed Commerce Inc. has a 12 month low of $7.34 and a 12 month high of $18.96. The company has a 50 day moving average of $10.31 and a two-hundred day moving average of $13.83. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of -12.81, a price-to-earnings-growth ratio of 3.03 and a beta of 2.52.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.07). Lightspeed Commerce had a positive return on equity of 0.61% and a negative net margin of 11.75%. On average, analysts expect that Lightspeed Commerce Inc. will post 0.08 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Benchmark dropped their target price on shares of Lightspeed Commerce from $21.00 to $16.00 and set a "buy" rating for the company in a research report on Thursday, March 27th. Bank of America lowered their target price on Lightspeed Commerce from $20.00 to $18.00 and set a "buy" rating for the company in a research note on Thursday, March 27th. National Bankshares dropped their price objective on shares of Lightspeed Commerce from $15.00 to $13.10 and set a "sector perform" rating on the stock in a research note on Friday. BMO Capital Markets lowered their target price on shares of Lightspeed Commerce from $15.00 to $14.00 and set an "outperform" rating for the company in a report on Thursday, March 27th. Finally, Piper Sandler cut their target price on Lightspeed Commerce from $13.00 to $11.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $14.66.

Lightspeed Commerce Company 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.