Wellington Management Group LLP trimmed its position in shares of Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 6.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 668,845 shares of the company's stock after selling 46,790 shares during the quarter. Wellington Management Group LLP owned 0.44% of Lightspeed Commerce worth $10,187,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. CIBC Asset Management Inc boosted its holdings in Lightspeed Commerce by 0.4% in the fourth quarter. CIBC Asset Management Inc now owns 172,182 shares of the company's stock valued at $2,620,000 after purchasing an additional 679 shares during the period. Blue Trust Inc. increased its position in Lightspeed Commerce by 214.4% in the 4th quarter. Blue Trust Inc. now owns 1,503 shares of the company's stock valued at $25,000 after acquiring an additional 1,025 shares during the period. PNC Financial Services Group Inc. increased its position in Lightspeed Commerce by 5.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 24,296 shares of the company's stock valued at $370,000 after acquiring an additional 1,276 shares during the period. Scotia Capital Inc. increased its position in Lightspeed Commerce by 12.0% in the 4th quarter. Scotia Capital Inc. now owns 19,225 shares of the company's stock valued at $293,000 after acquiring an additional 2,053 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position 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 valued at $158,000 after acquiring an additional 2,168 shares during the period. 68.68% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. BMO Capital Markets lowered their price objective on Lightspeed Commerce from $15.00 to $14.00 and set an "outperform" rating on the stock in a report on Thursday, March 27th. Benchmark lowered their price objective on Lightspeed Commerce from $21.00 to $16.00 and set a "buy" rating on the stock in a report on Thursday, March 27th. National Bankshares lowered their price objective on Lightspeed Commerce from $15.00 to $13.10 and set a "sector perform" rating on the stock in a report on Friday, April 25th. Morgan Stanley lowered their price objective on Lightspeed Commerce from $14.00 to $12.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Finally, Truist Financial started coverage on Lightspeed Commerce in a research note on Monday. They set a "hold" rating and a $11.00 price target on the stock. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $14.04.
Check Out Our Latest Research Report on Lightspeed Commerce
Lightspeed Commerce Trading Up 1.0%
Lightspeed Commerce stock traded up $0.11 during midday trading on Wednesday, reaching $11.16. The stock had a trading volume of 970,874 shares, compared to its average volume of 924,693. The firm's fifty day simple moving average is $9.74 and its two-hundred day simple moving average is $12.79. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of -13.95, a PEG ratio of 3.03 and a beta of 2.47. Lightspeed Commerce Inc. has a twelve month low of $7.34 and a twelve month high of $18.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.10 and a quick ratio of 5.99.
Lightspeed Commerce (NYSE:LSPD - Get Free Report) last issued its 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). The company had revenue of $253.42 million for 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 company's quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the business earned $0.06 EPS. Equities analysts anticipate that Lightspeed Commerce Inc. will post 0.08 EPS for the current fiscal year.
Lightspeed Commerce Company Profile
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Free Report)
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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