ANTIPODES PARTNERS Ltd Takes $259,000 Position in Lightspeed Commerce Inc. (NYSE:LSPD)

ANTIPODES PARTNERS Ltd purchased a new position in shares of Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 29,609 shares of the company's stock, valued at approximately $259,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LSPD. Vanguard Group Inc. grew its holdings in Lightspeed Commerce by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 5,333,306 shares of the company's stock valued at $81,319,000 after purchasing an additional 70,324 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake 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 valued at $63,688,000 after buying an additional 4,170,557 shares during the period. Nuveen Asset Management LLC boosted its position in shares of Lightspeed Commerce by 0.8% in the fourth quarter. Nuveen Asset Management LLC now owns 3,149,919 shares of the company's stock worth $48,009,000 after acquiring an additional 24,891 shares during the last quarter. Bank of Montreal Can raised its holdings in Lightspeed Commerce by 1.1% in the fourth quarter. Bank of Montreal Can now owns 2,022,590 shares of the company's stock valued at $30,803,000 after buying an additional 21,357 shares during the period. Finally, Ameriprise Financial Inc. purchased a new position in Lightspeed Commerce in the 4th quarter worth approximately $24,334,000. Hedge funds and other institutional investors own 68.68% of the company's stock.

Lightspeed Commerce Trading Up 4.4%

Shares of NYSE LSPD traded up $0.57 during mid-day trading on Friday, hitting $13.69. 1,084,038 shares of the company traded hands, compared to its average volume of 412,291. Lightspeed Commerce Inc. has a 1 year low of $7.34 and a 1 year high of $18.96. The company has a quick ratio of 5.26, a current ratio of 5.36 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of -3.13, a PEG ratio of 4.39 and a beta of 2.48. The business has a 50 day moving average of $11.54 and a two-hundred day moving average of $11.51.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last issued its earnings results on Thursday, May 22nd. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). Lightspeed Commerce had a negative net margin of 61.96% and a positive return on equity of 0.79%. The company had revenue of $253.42 million for the quarter, compared to analyst estimates of $252.51 million. During the same period last year, the business earned $0.06 EPS. The company's quarterly revenue was up 10.1% on a year-over-year basis. On average, sell-side analysts anticipate that Lightspeed Commerce Inc. will post 0.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LSPD has been the subject of several research analyst reports. Scotiabank lowered their price objective on Lightspeed Commerce from $11.00 to $10.00 and set a "sector perform" rating for the company in a report on Friday, May 23rd. JPMorgan Chase & Co. restated an "underweight" rating and set a $9.00 price objective (down previously from $10.00) on shares of Lightspeed Commerce in a research report on Monday, April 14th. Wells Fargo & Company lowered their price target on shares of Lightspeed Commerce from $13.00 to $11.00 and set an "equal weight" rating for the company in a research report on Friday, March 28th. Morgan Stanley cut their price objective on shares of Lightspeed Commerce from $14.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, Stifel Nicolaus dropped their price target on shares of Lightspeed Commerce from $15.00 to $12.00 and set a "hold" rating on the stock in a research note on Friday, March 28th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Lightspeed Commerce currently has a consensus rating of "Hold" and an average target price of $14.09.

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.