Wellington Management Group LLP Decreases Stake in Lightspeed Commerce Inc. (NYSE:LSPD)

Wellington Management Group LLP decreased its position in shares of Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 53.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 715,635 shares of the company's stock after selling 814,432 shares during the period. Wellington Management Group LLP owned approximately 0.47% of Lightspeed Commerce worth $11,801,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in LSPD. NewGen Asset Management Ltd purchased a new stake in shares of Lightspeed Commerce during the 2nd quarter valued at about $9,241,000. CIBC Asset Management Inc lifted its stake in shares of Lightspeed Commerce by 6.6% in the 2nd quarter. CIBC Asset Management Inc now owns 175,008 shares of the company's stock valued at $2,391,000 after purchasing an additional 10,809 shares during the last quarter. TD Asset Management Inc increased its position in shares of Lightspeed Commerce by 0.7% during the 2nd quarter. TD Asset Management Inc now owns 384,137 shares of the company's stock valued at $5,250,000 after purchasing an additional 2,828 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Lightspeed Commerce during the 2nd quarter valued at $181,000. Finally, Dimensional Fund Advisors LP raised its holdings in Lightspeed Commerce by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,205,168 shares of the company's stock valued at $30,189,000 after buying an additional 64,944 shares during the period. 68.68% of the stock is owned by institutional investors.

Lightspeed Commerce Stock Down 1.8 %

Shares of LSPD stock traded down $0.30 during mid-day trading on Friday, hitting $16.23. 530,083 shares of the stock traded hands, compared to its average volume of 1,077,299. Lightspeed Commerce Inc. has a 52-week low of $11.01 and a 52-week high of $21.71. The stock has a market cap of $2.47 billion, a P/E ratio of -18.24 and a beta of 2.40. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.08 and a quick ratio of 5.94. The stock's fifty day moving average is $16.60 and its two-hundred day moving average is $14.73.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. The company had revenue of $277.18 million during the quarter, compared to the consensus estimate of $273.90 million. Lightspeed Commerce had a negative net margin of 13.56% and a negative return on equity of 0.10%. Equities analysts predict that Lightspeed Commerce Inc. will post -0.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LSPD. BMO Capital Markets raised their target price on shares of Lightspeed Commerce from $18.00 to $20.00 and gave the stock an "outperform" rating in a report on Thursday, September 26th. BTIG Research reissued a "buy" rating and issued a $21.00 price objective on shares of Lightspeed Commerce in a research note on Thursday, September 26th. JPMorgan Chase & Co. increased their price target on Lightspeed Commerce from $20.00 to $26.00 in a report on Friday, November 8th. TD Securities boosted their price objective on Lightspeed Commerce from $15.00 to $19.00 and gave the company a "hold" rating in a report on Friday, November 8th. Finally, Jefferies Financial Group decreased their target price on Lightspeed Commerce from $22.00 to $20.00 and set a "hold" rating for the company in a research report on Wednesday, August 21st. Eight investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $20.07.

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.