70,200 Shares in Lightspeed Commerce Inc. (NYSE:LSPD) Bought by Man Group plc

Man Group plc purchased a new position in shares of Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 70,200 shares of the company's stock, valued at approximately $1,070,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Blue Trust Inc. grew its position in shares of Lightspeed Commerce by 214.4% in the 4th quarter. Blue Trust Inc. now owns 1,503 shares of the company's stock worth $25,000 after buying an additional 1,025 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Lightspeed Commerce by 27.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,073 shares of the company's stock worth $158,000 after buying an additional 2,168 shares during the last quarter. Bayesian Capital Management LP bought a new stake in shares of Lightspeed Commerce in the 4th quarter worth approximately $165,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Lightspeed Commerce in the 4th quarter worth approximately $256,000. Finally, Scotia Capital Inc. grew its position in shares of Lightspeed Commerce by 12.0% in the 4th quarter. Scotia Capital Inc. now owns 19,225 shares of the company's stock worth $293,000 after buying an additional 2,053 shares during the last quarter. 68.68% of the stock is currently owned by institutional investors.

Lightspeed Commerce Stock Up 1.1%

Shares of Lightspeed Commerce stock traded up $0.12 on Thursday, reaching $10.69. The company's stock had a trading volume of 77,693 shares, compared to its average volume of 922,708. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of -13.36, a P/E/G ratio of 3.03 and a beta of 2.49. The firm's fifty day simple moving average is $9.67 and its two-hundred day simple moving average is $13.02. Lightspeed Commerce Inc. has a 52 week low of $7.34 and a 52 week high of $18.96. 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 (NYSE:LSPD - Get Free Report) last posted its earnings results on Thursday, May 22nd. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). The business had revenue of $253.42 million during the quarter, compared to the consensus estimate of $252.51 million. Lightspeed Commerce had a positive return on equity of 0.61% and a negative net margin of 11.75%. The firm's revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 EPS. Equities analysts anticipate that Lightspeed Commerce Inc. will post 0.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Benchmark cut their price objective on Lightspeed Commerce from $21.00 to $16.00 and set a "buy" rating on the stock in a research report on Thursday, March 27th. Barclays lowered their target price on Lightspeed Commerce from $13.00 to $12.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Scotiabank lowered their target price on Lightspeed Commerce from $11.00 to $10.00 and set a "sector perform" rating for the company in a research note on Friday, May 23rd. Wells Fargo & Company lowered their target price on Lightspeed Commerce from $13.00 to $11.00 and set an "equal weight" rating for the company in a research note on Friday, March 28th. Finally, Morgan Stanley lowered their target price on Lightspeed Commerce from $14.00 to $12.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Lightspeed Commerce has an average rating of "Hold" and a consensus price target of $14.23.

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.