Lightspeed Commerce Inc. (NYSE:LSPD) Shares Sold by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. decreased its holdings in shares of Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 65.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 158,732 shares of the company's stock after selling 299,308 shares during the quarter. Balyasny Asset Management L.P. owned about 0.10% of Lightspeed Commerce worth $2,417,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LSPD. Blue Trust Inc. lifted 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 valued at $25,000 after purchasing an additional 1,025 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted 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 valued at $158,000 after purchasing an additional 2,168 shares during the last quarter. Bayesian Capital Management LP acquired a new position in shares of Lightspeed Commerce in the 4th quarter valued at $165,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Lightspeed Commerce in the 4th quarter valued at $256,000. Finally, Scotia Capital Inc. lifted 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 valued at $293,000 after purchasing an additional 2,053 shares during the last quarter. Institutional investors and hedge funds own 68.68% of the company's stock.

Analyst Upgrades and Downgrades

LSPD has been the topic of several recent analyst reports. Stifel Nicolaus decreased their price target 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. UBS Group dropped their price objective on Lightspeed Commerce from $17.00 to $14.50 and set a "neutral" rating for the company in a research note on Friday, February 7th. Piper Sandler dropped their price objective on Lightspeed Commerce from $13.00 to $11.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Morgan Stanley dropped their price objective on Lightspeed Commerce from $14.00 to $12.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Finally, Wells Fargo & Company dropped their price objective on Lightspeed Commerce from $13.00 to $11.00 and set an "equal weight" rating for the company in a research note on Friday, March 28th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Lightspeed Commerce currently has a consensus rating of "Hold" and an average price target of $14.29.

Lightspeed Commerce Trading Up 5.8%

NYSE:LSPD opened at $10.50 on Tuesday. The firm has a market cap of $1.61 billion, a PE ratio of -13.13, a price-to-earnings-growth ratio of 3.03 and a beta of 2.49. 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 stock has a fifty day moving average price of $9.69 and a 200 day moving average price of $13.39. Lightspeed Commerce Inc. has a 12-month low of $7.34 and a 12-month high of $18.96.

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.

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