Lightspeed Commerce Inc. (NYSE:LSPD) Position Increased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership raised its stake in Lightspeed Commerce Inc. (NYSE:LSPD) by 37,065.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,181,809 shares of the company’s stock after buying an additional 4,170,557 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 2.75% of Lightspeed Commerce worth $63,688,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. State Street Corp raised its position 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 worth $5,829,000 after purchasing an additional 79,696 shares during the period. PCJ Investment Counsel Ltd. increased its stake in Lightspeed Commerce by 33.8% in the 4th quarter. PCJ Investment Counsel Ltd. now owns 123,060 shares of the company’s stock worth $1,874,000 after purchasing an additional 31,060 shares in the last quarter. Verition Fund Management LLC acquired a new stake in Lightspeed Commerce during the 3rd quarter worth about $499,000. NINE MASTS CAPITAL Ltd acquired a new stake in Lightspeed Commerce during the 4th quarter worth about $579,000. Finally, PDT Partners LLC purchased a new stake in Lightspeed Commerce during the third quarter valued at about $659,000. Institutional investors and hedge funds own 68.68% of the company’s stock.

Lightspeed Commerce Stock Performance

Shares of LSPD opened at $8.75 on Tuesday. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of -10.93, a price-to-earnings-growth ratio of 3.03 and a beta of 2.44. The company’s fifty day moving average is $12.40 and its 200-day moving average is $14.71. 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 $8.72 and a 12 month high of $18.96.

Lightspeed Commerce (NYSE:LSPD) last posted its 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%. Equities analysts expect that Lightspeed Commerce Inc. will post 0.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LSPD has been the topic of several analyst reports. Piper Sandler dropped 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 report on Thursday, March 27th. Bank of America lowered their price objective on shares of Lightspeed Commerce from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, March 27th. Morgan Stanley reduced their target price on Lightspeed Commerce from $17.00 to $14.00 and set an “equal weight” rating for the company in a report on Friday. Scotiabank lowered their price target on Lightspeed Commerce from $19.00 to $17.00 and set a “sector outperform” rating on the stock in a report on Tuesday, March 25th. Finally, 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. Eleven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $15.09.

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.