Point72 Asset Management L.P. Increases Stake in Lightspeed Commerce Inc. (NYSE:LSPD)

Point72 Asset Management L.P. increased its holdings in Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 99.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 422,900 shares of the company's stock after buying an additional 210,630 shares during the quarter. Point72 Asset Management L.P. owned about 0.28% of Lightspeed Commerce worth $6,441,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. grew its stake in shares of Lightspeed Commerce by 214.4% during the 4th quarter. Blue Trust Inc. now owns 1,503 shares of the company's stock worth $25,000 after purchasing an additional 1,025 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in 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 acquiring an additional 2,168 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in Lightspeed Commerce in the 4th quarter worth $165,000. Susquehanna Fundamental Investments LLC acquired a new position in Lightspeed Commerce during the fourth quarter worth $256,000. Finally, Scotia Capital Inc. lifted its holdings in Lightspeed Commerce by 12.0% during the fourth quarter. Scotia Capital Inc. now owns 19,225 shares of the company's stock valued at $293,000 after purchasing an additional 2,053 shares in the last quarter. Institutional investors and hedge funds own 68.68% of the company's stock.

Lightspeed Commerce Trading Up 6.8%

NYSE:LSPD traded up $0.67 on Friday, hitting $10.55. The stock had a trading volume of 1,104,542 shares, compared to its average volume of 928,045. 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 stock has a market cap of $1.61 billion, a price-to-earnings ratio of -13.19, a PEG ratio of 3.03 and a beta of 2.49. The company has a fifty day moving average price of $9.67 and a two-hundred day moving average price of $13.09. 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 posted its 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). The firm had revenue of $253.42 million during the quarter, compared to analyst estimates of $252.51 million. Lightspeed Commerce had a negative net margin of 11.75% and a positive return on equity of 0.61%. The business's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 earnings per share. Equities research analysts expect that Lightspeed Commerce Inc. will post 0.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LSPD. National Bankshares dropped their target price 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. Wells Fargo & Company dropped their target price on shares of Lightspeed Commerce from $13.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Friday, March 28th. Bank of America dropped their target price 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. Benchmark dropped their target price 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. Finally, UBS Group dropped their target price on shares of Lightspeed Commerce from $17.00 to $14.50 and set a "neutral" rating on the stock in a research report on Friday, February 7th. 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's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price 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.