Two Sigma Advisers LP Increases Stock Position in Lightspeed Commerce Inc. (NYSE:LSPD)

Two Sigma Advisers LP lifted its position in Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 165.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,800 shares of the company's stock after acquiring an additional 40,400 shares during the quarter. Two Sigma Advisers LP's holdings in Lightspeed Commerce were worth $987,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. grew its stake 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 acquiring an additional 1,025 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake 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 acquiring an additional 2,168 shares in the last quarter. Bayesian Capital Management LP bought a new stake in shares of Lightspeed Commerce in the 4th quarter worth $165,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Lightspeed Commerce in the 4th quarter worth $256,000. Finally, Scotia Capital Inc. grew its stake 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 acquiring an additional 2,053 shares in the last quarter. Institutional investors own 68.68% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LSPD. UBS Group reduced their target price on shares of Lightspeed Commerce from $17.00 to $14.50 and set a "neutral" rating for the company in a research note on Friday, February 7th. Morgan Stanley reduced their price target on shares of Lightspeed Commerce from $14.00 to $12.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Atb Cap Markets lowered shares of Lightspeed Commerce from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 26th. National Bankshares reduced their price target on shares of Lightspeed Commerce from $15.00 to $13.10 and set a "sector perform" rating for the company in a research report on Friday, April 25th. Finally, Stifel Nicolaus reduced their price target on shares of Lightspeed Commerce from $15.00 to $12.00 and set a "hold" rating for the company in a research report on Friday, March 28th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $14.04.

Lightspeed Commerce Price Performance

Shares of Lightspeed Commerce stock traded up $0.16 on Thursday, reaching $11.32. The stock had a trading volume of 1,068,039 shares, compared to its average volume of 926,444. Lightspeed Commerce Inc. has a 1 year low of $7.34 and a 1 year high of $18.96. The company has a market cap of $1.73 billion, a P/E ratio of -14.14, a price-to-earnings-growth ratio of 3.03 and a beta of 2.47. The company has a current ratio of 6.10, a quick ratio of 5.99 and a debt-to-equity ratio of 0.01. The business's 50 day moving average is $9.84 and its two-hundred day moving average is $12.73.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $253.42 million during the quarter, compared to analysts' expectations of $252.51 million. During the same period in the previous year, the company posted $0.06 earnings per share. The company's quarterly revenue was up 10.1% compared to the same quarter last year. As a group, research analysts anticipate that Lightspeed Commerce Inc. will post 0.08 EPS for the current year.

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.