D. E. Shaw & Co. Inc. Grows Stake in Lightspeed Commerce Inc. (NYSE:LSPD)

D. E. Shaw & Co. Inc. boosted its position in Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 304.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the 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 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. PCJ Investment Counsel Ltd. lifted its holdings in shares of 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. NINE MASTS CAPITAL Ltd bought a new position in shares of Lightspeed Commerce in the fourth quarter valued at $579,000. AGF Management Ltd. acquired a new position in shares of Lightspeed Commerce during the fourth quarter valued at about $1,295,000. Arrowstreet Capital Limited Partnership increased its position in shares of Lightspeed Commerce by 37,065.0% during the fourth 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 in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Lightspeed Commerce by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 5,333,306 shares of the company's stock worth $81,319,000 after acquiring an additional 70,324 shares during the last quarter. Institutional investors and hedge funds own 68.68% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on LSPD shares. Benchmark decreased their price objective on Lightspeed Commerce from $21.00 to $16.00 and set a "buy" rating for the company in a report on Thursday, March 27th. Scotiabank cut Lightspeed Commerce from an "outperform" rating to a "sector perform" rating and cut their price objective for the stock from $17.00 to $11.00 in a research report on Monday, April 28th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $9.00 price target (down from $10.00) on shares of Lightspeed Commerce in a report on Monday, April 14th. Atb Cap Markets lowered shares of Lightspeed Commerce from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Finally, Barclays lowered 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 report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $14.29.

Lightspeed Commerce Trading Down 6.8%

Lightspeed Commerce stock traded down $0.73 during mid-day trading on Thursday, hitting $10.04. The company's stock had a trading volume of 626,091 shares, compared to its average volume of 933,170. The business has a 50 day moving average price of $9.68 and a 200-day moving average price of $13.21. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.10 and a quick ratio of 5.99. Lightspeed Commerce Inc. has a 12 month low of $7.34 and a 12 month high of $18.96. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of -12.57, a price-to-earnings-growth ratio of 3.03 and a beta of 2.49.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last issued its earnings results on Thursday, May 22nd. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). Lightspeed Commerce had a negative net margin of 11.75% and a positive return on equity of 0.61%. The company's quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.06 EPS. As a group, analysts forecast that Lightspeed Commerce Inc. will post 0.08 EPS for the current year.

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.