D. E. Shaw & Co. Inc. Purchases 299,482 Shares of Lightspeed Commerce Inc. (NYSE:LSPD)

D. E. Shaw & Co. Inc. grew its stake in Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 304.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 397,752 shares of the company's stock after acquiring an additional 299,482 shares during the period. D. E. Shaw & Co. Inc. owned 0.26% of Lightspeed Commerce worth $6,061,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Lightspeed Commerce by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 5,333,306 shares of the company's stock worth $81,319,000 after buying an additional 70,324 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake 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 period. Bank of Montreal Can raised its holdings in Lightspeed Commerce by 1.1% in the 4th quarter. Bank of Montreal Can now owns 2,022,590 shares of the company's stock valued at $30,803,000 after acquiring an additional 21,357 shares in the last quarter. Intact Investment Management Inc. lifted its position in shares of Lightspeed Commerce by 94.5% during the 4th quarter. Intact Investment Management Inc. now owns 1,707,257 shares of the company's stock valued at $26,031,000 after acquiring an additional 829,577 shares during the period. Finally, Ameriprise Financial Inc. bought a new stake in shares of Lightspeed Commerce during the 4th quarter valued at $24,334,000. Institutional investors and hedge funds own 68.68% of the company's stock.

Lightspeed Commerce Trading Up 0.7%

NYSE LSPD traded up $0.08 during trading on Tuesday, hitting $10.96. 917,110 shares of the company's stock traded hands, compared to its average volume of 933,635. The stock has a fifty day moving average of $9.67 and a two-hundred day moving average of $13.24. Lightspeed Commerce Inc. has a 12-month low of $7.34 and a 12-month high of $18.96. The firm has a market cap of $1.68 billion, a P/E ratio of -13.70, a PEG ratio of 3.03 and a beta of 2.49. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.10 and a quick ratio of 5.99.

Analyst Ratings Changes

LSPD has been the topic of several analyst reports. Barclays decreased their price objective on shares of Lightspeed Commerce from $13.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. Morgan Stanley lowered their price target on Lightspeed Commerce from $14.00 to $12.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. UBS Group reduced their price objective on Lightspeed Commerce from $17.00 to $14.50 and set a "neutral" rating on the stock in a research note on Friday, February 7th. Atb Cap Markets cut Lightspeed Commerce from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Finally, Scotiabank cut shares of Lightspeed Commerce from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from $17.00 to $11.00 in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Lightspeed Commerce presently has an average rating of "Hold" and an average target price of $14.29.

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.