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

Man Group plc bought a new position in Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 70,200 shares of the company's stock, valued at approximately $1,070,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LSPD. Blue Trust Inc. lifted its position in Lightspeed Commerce by 214.4% during the fourth quarter. Blue Trust Inc. now owns 1,503 shares of the company's stock worth $25,000 after acquiring an additional 1,025 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Lightspeed Commerce by 27.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,073 shares of the company's stock valued at $158,000 after acquiring an additional 2,168 shares during the last quarter. Bayesian Capital Management LP acquired a new position in shares of Lightspeed Commerce during the fourth quarter worth $165,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Lightspeed Commerce during the fourth quarter worth $256,000. Finally, Scotia Capital Inc. increased its holdings in shares of Lightspeed Commerce by 12.0% during the fourth quarter. Scotia Capital Inc. now owns 19,225 shares of the company's stock worth $293,000 after buying an additional 2,053 shares in the last quarter. 68.68% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on LSPD shares. Atb Cap Markets cut shares of Lightspeed Commerce from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Piper Sandler decreased their price objective on Lightspeed Commerce from $13.00 to $11.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. Morgan Stanley cut their price target on shares of Lightspeed Commerce from $14.00 to $12.00 and set an "equal weight" rating on the stock 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 for the company in a research note on Friday, February 7th. Finally, Bank of America decreased their price target on shares of Lightspeed Commerce from $20.00 to $18.00 and set a "buy" rating for the company in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Lightspeed Commerce currently has an average rating of "Hold" and an average target price of $14.23.

Lightspeed Commerce Stock Performance

Shares of Lightspeed Commerce stock traded down $0.23 on Wednesday, hitting $10.64. 310,965 shares of the company's stock were exchanged, compared to its average volume of 1,048,112. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.99 and a current ratio of 6.10. The company has a 50-day simple moving average of $9.67 and a 200-day simple moving average of $13.03. The stock has a market capitalization of $1.63 billion, a PE ratio of -13.31, a PEG ratio of 3.03 and a beta of 2.49. Lightspeed Commerce Inc. has a 1 year low of $7.34 and a 1 year high of $18.96.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). The business had revenue of $253.42 million during the quarter, compared to analysts' expectations of $252.51 million. Lightspeed Commerce had a negative net margin of 11.75% and a positive return on equity of 0.61%. Lightspeed Commerce's revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.06 earnings per share. As a group, equities analysts anticipate that Lightspeed Commerce Inc. will post 0.08 EPS for the current year.

About Lightspeed Commerce

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.