Wellington Management Group LLP Sells 46,790 Shares of Lightspeed Commerce Inc. (NYSE:LSPD)

Wellington Management Group LLP lowered its stake in Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 668,845 shares of the company's stock after selling 46,790 shares during the quarter. Wellington Management Group LLP owned approximately 0.44% of Lightspeed Commerce worth $10,187,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Blue Trust Inc. lifted its position in Lightspeed Commerce by 214.4% during the fourth quarter. Blue Trust Inc. now owns 1,503 shares of the company's stock valued at $25,000 after buying an additional 1,025 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position 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 valued at $158,000 after purchasing an additional 2,168 shares in the last quarter. Toronto Dominion Bank boosted its stake in Lightspeed Commerce by 153.4% during the 3rd quarter. Toronto Dominion Bank now owns 17,408 shares of the company's stock valued at $287,000 after acquiring an additional 10,538 shares during the last quarter. Amundi grew its stake in Lightspeed Commerce by 20.5% in the fourth quarter. Amundi now owns 22,538 shares of the company's stock worth $347,000 after purchasing an additional 3,838 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Lightspeed Commerce by 5.5% in 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 last quarter. Institutional investors and hedge funds own 68.68% of the company's stock.

Analyst Ratings Changes

LSPD has been the topic of a number of analyst reports. Piper Sandler dropped their price objective on shares of Lightspeed Commerce from $13.00 to $11.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Morgan Stanley dropped 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 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. 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, March 28th. Finally, Scotiabank dropped their price target on Lightspeed Commerce from $19.00 to $17.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Lightspeed Commerce has a consensus rating of "Hold" and a consensus target price of $15.03.

Lightspeed Commerce Price Performance

LSPD stock traded down $0.05 during mid-day trading on Tuesday, hitting $9.09. The stock had a trading volume of 134,971 shares, compared to its average volume of 963,104. The firm has a fifty day simple moving average of $10.99 and a 200 day simple moving average of $14.24. Lightspeed Commerce Inc. has a 52 week low of $7.34 and a 52 week high of $18.96. The company has a current ratio of 6.10, a quick ratio of 5.99 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1.39 billion, a P/E ratio of -11.35, a P/E/G ratio of 3.03 and a beta of 2.52.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.03 earnings per share 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, research analysts forecast that Lightspeed Commerce Inc. will post 0.08 EPS for the current year.

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.