Lightspeed Commerce Inc. (NYSE:LSPD) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 1.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,938,501 shares of the company's stock after acquiring an additional 72,890 shares during the period. Vanguard Group Inc. owned about 3.24% of Lightspeed Commerce worth $69,287,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. National Bank of Canada FI boosted its holdings in shares of Lightspeed Commerce by 9.3% in the 3rd quarter. National Bank of Canada FI now owns 1,625,814 shares of the company's stock valued at $22,484,000 after acquiring an additional 137,797 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of Lightspeed Commerce by 1.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 295,780 shares of the company's stock valued at $4,174,000 after acquiring an additional 4,229 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Lightspeed Commerce by 19.0% in the 3rd quarter. Wellington Management Group LLP now owns 2,674,070 shares of the company's stock valued at $37,517,000 after acquiring an additional 427,320 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its holdings in shares of Lightspeed Commerce by 31.4% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 796,710 shares of the company's stock valued at $11,178,000 after acquiring an additional 190,282 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in shares of Lightspeed Commerce by 13.9% in the 3rd quarter. New York State Common Retirement Fund now owns 20,350 shares of the company's stock valued at $286,000 after acquiring an additional 2,482 shares during the last quarter. 68.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. BMO Capital Markets dropped their price objective on shares of Lightspeed Commerce from $21.00 to $19.00 and set an "outperform" rating on the stock in a report on Friday, February 9th. JPMorgan Chase & Co. lowered their price target on shares of Lightspeed Commerce from $19.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday, February 9th. National Bankshares downgraded shares of Lightspeed Commerce from an "outperform" rating to a "sector perform" rating and lowered their price target for the stock from $25.00 to $20.00 in a report on Friday, February 9th. Truist Financial increased their price target on shares of Lightspeed Commerce from $25.00 to $27.00 and gave the stock a "buy" rating in a report on Friday, January 12th. Finally, Barclays lowered their price target on shares of Lightspeed Commerce from $23.00 to $20.00 and set an "overweight" rating on the stock in a report on Friday, February 9th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $19.03.

Lightspeed Commerce Price Performance

NYSE:LSPD traded up $0.29 during trading hours on Friday, reaching $14.11. 857,285 shares of the company were exchanged, compared to its average volume of 1,036,825. The stock's 50-day moving average is $14.61 and its 200-day moving average is $15.77. The firm has a market cap of $2.16 billion, a PE ratio of -10.45 and a beta of 2.37. The company has a current ratio of 6.21, a quick ratio of 6.09 and a debt-to-equity ratio of 0.01. Lightspeed Commerce Inc. has a twelve month low of $12.23 and a twelve month high of $21.71.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last issued its earnings results on Thursday, February 8th. The company reported ($0.08) EPS for the quarter, beating analysts' consensus estimates of ($0.20) by $0.12. The business had revenue of $239.70 million during the quarter, compared to analysts' expectations of $236.31 million. Lightspeed Commerce had a negative net margin of 23.85% and a negative return on equity of 2.68%. On average, sell-side analysts anticipate that Lightspeed Commerce Inc. will post -0.5 earnings per share for the current fiscal 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.