Calamos Advisors LLC Makes New Investment in Lightspeed Commerce Inc. (NYSE:LSPD)

Calamos Advisors LLC acquired a new position in shares of Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 106,278 shares of the company's stock, valued at approximately $2,231,000. Calamos Advisors LLC owned approximately 0.07% of Lightspeed Commerce at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Lightspeed Commerce by 1.5% in the third quarter. Vanguard Group Inc. now owns 4,938,501 shares of the company's stock valued at $69,287,000 after purchasing an additional 72,890 shares in the last quarter. Triasima Portfolio Management inc. acquired a new position in Lightspeed Commerce in the fourth quarter valued at approximately $1,653,000. Public Sector Pension Investment Board lifted its stake in Lightspeed Commerce by 1.5% during the third quarter. Public Sector Pension Investment Board now owns 295,780 shares of the company's stock worth $4,174,000 after purchasing an additional 4,229 shares in the last quarter. Wellington Management Group LLP lifted its stake in Lightspeed Commerce by 19.0% during the third quarter. Wellington Management Group LLP now owns 2,674,070 shares of the company's stock worth $37,517,000 after purchasing an additional 427,320 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. lifted its stake in Lightspeed Commerce by 31.4% during the third quarter. Adage Capital Partners GP L.L.C. now owns 796,710 shares of the company's stock worth $11,178,000 after purchasing an additional 190,282 shares in the last quarter. 68.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LSPD has been the topic of a number of research reports. Wells Fargo & Company decreased their price target on Lightspeed Commerce from $20.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Friday, February 9th. TD Securities cut Lightspeed Commerce from a "buy" rating to a "hold" rating and decreased their price target for the stock from $25.00 to $17.50 in a research note on Friday, February 9th. JPMorgan Chase & Co. decreased their price target on Lightspeed Commerce from $19.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, February 9th. Truist Financial upped their price target on Lightspeed Commerce from $25.00 to $27.00 and gave the stock a "buy" rating in a research note on Friday, January 12th. Finally, Barclays decreased their price target on Lightspeed Commerce from $23.00 to $20.00 and set an "overweight" rating on the stock in a research note on Friday, February 9th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Lightspeed Commerce currently has an average rating of "Hold" and an average target price of $18.74.

Lightspeed Commerce Stock Down 0.5 %

NYSE:LSPD traded down $0.06 during trading hours on Friday, hitting $12.93. The company's stock had a trading volume of 526,209 shares, compared to its average volume of 909,394. The stock has a market capitalization of $1.98 billion, a P/E ratio of -9.58 and a beta of 2.37. The stock has a fifty day moving average of $13.67 and a 200-day moving average of $15.73. 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 52-week low of $12.23 and a 52-week high of $21.71.

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

Lightspeed Commerce Company 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.