Harbor Capital Advisors Inc. Has $1.23 Million Holdings in Lightspeed Commerce Inc. (NYSE:LSPD)

Harbor Capital Advisors Inc. reduced its stake in shares of Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 38.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 140,897 shares of the company's stock after selling 88,715 shares during the period. Harbor Capital Advisors Inc. owned 0.09% of Lightspeed Commerce worth $1,233,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership increased its holdings in shares of 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 buying an additional 4,170,557 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Lightspeed Commerce in the fourth quarter worth about $24,334,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Lightspeed Commerce by 266.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,356,600 shares of the company's stock valued at $20,660,000 after buying an additional 986,100 shares during the last quarter. Intact Investment Management Inc. boosted its stake in 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 last quarter. Finally, D. E. Shaw & Co. Inc. grew its stake in Lightspeed Commerce by 304.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 397,752 shares of the company's stock worth $6,061,000 after purchasing an additional 299,482 shares in the last quarter. 68.68% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on LSPD shares. Scotiabank decreased their price objective on shares of Lightspeed Commerce from $11.00 to $10.00 and set a "sector perform" rating for the company in a report on Friday, May 23rd. Truist Financial assumed coverage on shares of Lightspeed Commerce in a research report on Monday, June 2nd. They set a "hold" rating and a $11.00 price target on the stock. Benchmark cut 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. JPMorgan Chase & Co. restated an "underweight" rating and set a $9.00 target price (down from $10.00) on shares of Lightspeed Commerce in a report on Monday, April 14th. Finally, Piper Sandler dropped their price target on Lightspeed Commerce from $13.00 to $11.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $14.04.

Lightspeed Commerce Stock Down 5.0%

Shares of LSPD traded down $0.57 during midday trading on Friday, reaching $10.93. 1,102,663 shares of the stock were exchanged, compared to its average volume of 928,548. The company has a quick ratio of 5.99, a current ratio of 6.10 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.67 billion, a price-to-earnings ratio of -13.66, a P/E/G ratio of 3.03 and a beta of 2.47. The firm has a 50 day simple moving average of $10.18 and a 200-day simple moving average of $12.53. Lightspeed Commerce Inc. has a 12-month low of $7.34 and a 12-month high of $18.96.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). Lightspeed Commerce had a positive return on equity of 0.61% and a negative net margin of 11.75%. The company had revenue of $253.42 million during the quarter, compared to analyst estimates of $252.51 million. During the same period in the prior year, the firm earned $0.06 EPS. Lightspeed Commerce's quarterly revenue was up 10.1% on a year-over-year basis. 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.