LMR Partners LLP Acquires 76,822 Shares of Lightspeed Commerce Inc. (NYSE:LSPD)

LMR Partners LLP grew its stake in shares of Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 51.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 224,822 shares of the company's stock after acquiring an additional 76,822 shares during the period. LMR Partners LLP owned 0.15% of Lightspeed Commerce worth $3,424,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. PCJ Investment Counsel Ltd. raised its holdings in Lightspeed Commerce by 33.8% during the fourth quarter. PCJ Investment Counsel Ltd. now owns 123,060 shares of the company's stock valued at $1,874,000 after buying an additional 31,060 shares in the last quarter. NINE MASTS CAPITAL Ltd bought a new stake in Lightspeed Commerce during the fourth quarter worth approximately $579,000. AGF Management Ltd. acquired a new position in Lightspeed Commerce during the fourth quarter valued at approximately $1,295,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Lightspeed Commerce by 37,065.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,181,809 shares of the company's stock worth $63,688,000 after buying an additional 4,170,557 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Lightspeed Commerce by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 5,333,306 shares of the company's stock valued at $81,319,000 after buying an additional 70,324 shares during the last quarter. 68.68% of the stock is currently owned by hedge funds and other institutional investors.

Lightspeed Commerce Price Performance

Shares of Lightspeed Commerce stock traded up $0.16 during midday trading on Friday, hitting $10.83. 563,060 shares of the company were exchanged, compared to its average volume of 958,316. The firm has a 50 day simple moving average of $9.66 and a 200-day simple moving average of $13.32. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.10 and a quick ratio of 5.99. The firm has a market cap of $1.66 billion, a P/E ratio of -13.54, a PEG ratio of 3.03 and a beta of 2.49. Lightspeed Commerce Inc. has a 52 week low of $7.34 and a 52 week high of $18.96.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LSPD. Stifel Nicolaus lowered their price target on Lightspeed Commerce from $15.00 to $12.00 and set a "hold" rating on the stock in a research report on Friday, March 28th. 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. Scotiabank downgraded shares of Lightspeed Commerce from an "outperform" rating to a "sector perform" rating and reduced their price target for the company from $17.00 to $11.00 in a report on Monday, April 28th. UBS Group dropped their price objective on shares of Lightspeed Commerce from $17.00 to $14.50 and set a "neutral" rating on the stock in a report on Friday, February 7th. Finally, Atb Cap Markets cut shares of Lightspeed Commerce from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 26th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $14.29.

About Lightspeed Commerce

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.