Vanguard Group Inc. Increases Stock Position in Lightspeed Commerce Inc. (NYSE:LSPD)

Vanguard Group Inc. raised its stake in shares of Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,333,306 shares of the company's stock after acquiring an additional 70,324 shares during the period. Vanguard Group Inc. owned approximately 3.51% of Lightspeed Commerce worth $81,319,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in LSPD. FMR LLC increased its holdings in Lightspeed Commerce by 7.1% in the 3rd quarter. FMR LLC now owns 58,971 shares of the company's stock valued at $972,000 after purchasing an additional 3,900 shares during the last quarter. Verition Fund Management LLC acquired a new stake in shares of Lightspeed Commerce in the third quarter valued at $499,000. State Street Corp raised its holdings in shares of Lightspeed Commerce by 29.1% in the 3rd quarter. State Street Corp now owns 353,472 shares of the company's stock valued at $5,829,000 after buying an additional 79,696 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Lightspeed Commerce during the 3rd quarter worth about $705,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Lightspeed Commerce during the 3rd quarter valued at about $699,000. 68.68% of the stock is owned by hedge funds and other institutional investors.

Lightspeed Commerce Stock Up 0.2 %

LSPD traded up $0.02 on Tuesday, reaching $9.15. The company's stock had a trading volume of 114,912 shares, compared to its average volume of 1,076,760. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of -11.43, a P/E/G ratio of 3.03 and a beta of 2.52. Lightspeed Commerce Inc. has a fifty-two week low of $7.34 and a fifty-two week 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 50 day moving average of $10.99 and a two-hundred day moving average of $14.24.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, analysts forecast that Lightspeed Commerce Inc. will post 0.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on LSPD shares. Morgan Stanley cut their price target on shares of Lightspeed Commerce from $17.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Friday, March 28th. Piper Sandler cut their target price on shares of Lightspeed Commerce from $13.00 to $11.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. BMO Capital Markets decreased their price target on shares of Lightspeed Commerce from $15.00 to $14.00 and set an "outperform" rating for the company in a research report on Thursday, March 27th. Wells Fargo & Company cut their price objective on Lightspeed Commerce from $13.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Friday, March 28th. Finally, Stifel Nicolaus decreased their target price on Lightspeed Commerce from $15.00 to $12.00 and set a "hold" rating for the company in a report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $15.03.

About Lightspeed Commerce

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.