Nuveen Asset Management LLC Has $48.01 Million Stock Holdings in Lightspeed Commerce Inc. (NYSE:LSPD)

Nuveen Asset Management LLC raised its position in Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 0.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,149,919 shares of the company's stock after purchasing an additional 24,891 shares during the period. Nuveen Asset Management LLC owned 2.07% of Lightspeed Commerce worth $48,009,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in shares of Lightspeed Commerce by 214.4% in the fourth quarter. Blue Trust Inc. now owns 1,503 shares of the company's stock worth $25,000 after buying an additional 1,025 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of 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 worth $158,000 after purchasing an additional 2,168 shares during the last quarter. Bayesian Capital Management LP bought a new position in shares of Lightspeed Commerce in the fourth quarter worth approximately $165,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Lightspeed Commerce in the fourth quarter worth approximately $256,000. Finally, Scotia Capital Inc. increased its position in shares of Lightspeed Commerce by 12.0% in the fourth quarter. Scotia Capital Inc. now owns 19,225 shares of the company's stock worth $293,000 after purchasing an additional 2,053 shares during the last quarter. Institutional investors own 68.68% of the company's stock.

Analyst Upgrades and Downgrades

LSPD has been the topic of a number of recent research reports. National Bankshares reduced their price target on shares of Lightspeed Commerce from $15.00 to $13.10 and set a "sector perform" rating on the stock in a research report on Friday, April 25th. Barclays reduced their price target 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. Benchmark reduced their price target on shares of Lightspeed Commerce from $21.00 to $16.00 and set a "buy" rating on the stock in a research report on Thursday, March 27th. Bank of America reduced their price target on shares of Lightspeed Commerce from $20.00 to $18.00 and set a "buy" rating on the stock in a research report on Thursday, March 27th. Finally, BMO Capital Markets reduced their price target on shares of Lightspeed Commerce from $15.00 to $14.00 and set an "outperform" rating on the stock in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $14.23.

Lightspeed Commerce Trading Up 6.8%

Shares of Lightspeed Commerce stock traded up $0.67 during trading hours on Friday, hitting $10.55. The company's stock had a trading volume of 1,104,542 shares, compared to its average volume of 928,045. Lightspeed Commerce Inc. has a twelve month low of $7.34 and a twelve month high of $18.96. The firm has a fifty day moving average of $9.67 and a 200-day moving average of $13.09. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of -13.19, a P/E/G ratio of 3.03 and a beta of 2.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.99 and a current ratio of 6.10.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last issued its quarterly 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 positive return on equity of 0.61% and a negative net margin of 11.75%. The company had revenue of $253.42 million for the quarter, compared to analysts' expectations of $252.51 million. During the same quarter last year, the company earned $0.06 EPS. Lightspeed Commerce's revenue for the quarter was up 10.1% compared to the same quarter last year. 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.