Point72 Asset Management L.P. Has $6.44 Million Stake in Lightspeed Commerce Inc. (NYSE:LSPD)

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

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Lightspeed Commerce by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 5,333,306 shares of the company's stock worth $81,319,000 after purchasing an additional 70,324 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Lightspeed Commerce by 37,065.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,181,809 shares of the company's stock worth $63,688,000 after purchasing an additional 4,170,557 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Lightspeed Commerce by 0.8% in the 4th quarter. Nuveen Asset Management LLC now owns 3,149,919 shares of the company's stock worth $48,009,000 after purchasing an additional 24,891 shares in the last quarter. Bank of Montreal Can lifted its stake in Lightspeed Commerce by 1.1% during the 4th quarter. Bank of Montreal Can now owns 2,022,590 shares of the company's stock valued at $30,803,000 after acquiring an additional 21,357 shares in the last quarter. Finally, Intact Investment Management Inc. lifted 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 in the last quarter. 68.68% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Scotiabank cut Lightspeed Commerce from an "outperform" rating to a "sector perform" rating and dropped their price objective for the company from $17.00 to $11.00 in a research note on Monday, April 28th. Atb Cap Markets cut Lightspeed Commerce from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Barclays dropped their price objective on Lightspeed Commerce from $13.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. Stifel Nicolaus dropped their price objective on Lightspeed Commerce from $15.00 to $12.00 and set a "hold" rating on the stock in a research note on Friday, March 28th. Finally, Morgan Stanley dropped their price objective on Lightspeed Commerce from $14.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $14.29.

Lightspeed Commerce Trading Up 0.4%

Shares of LSPD opened at $10.88 on Tuesday. The business has a 50-day moving average of $9.67 and a 200 day moving average of $13.24. Lightspeed Commerce Inc. has a fifty-two week low of $7.34 and a fifty-two week high of $18.96. The firm has a market cap of $1.66 billion, a P/E ratio of -13.60, a price-to-earnings-growth 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 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.

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