Russell Investments Group Ltd. Invests $2.82 Million in Lightspeed Commerce Inc. (NYSE:LSPD)

Russell Investments Group Ltd. purchased a new stake in shares of Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 134,257 shares of the company's stock, valued at approximately $2,819,000. Russell Investments Group Ltd. owned about 0.09% of Lightspeed Commerce at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in LSPD. Wellington Management Group LLP increased its stake in Lightspeed Commerce by 19.0% in the 3rd quarter. Wellington Management Group LLP now owns 2,674,070 shares of the company's stock worth $37,517,000 after acquiring an additional 427,320 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its position in shares of Lightspeed Commerce by 31.4% in 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 during the last quarter. Landscape Capital Management L.L.C. increased its position in shares of Lightspeed Commerce by 209.2% in the third quarter. Landscape Capital Management L.L.C. now owns 170,883 shares of the company's stock worth $2,397,000 after purchasing an additional 115,621 shares during the last quarter. Calamos Advisors LLC bought a new position in shares of Lightspeed Commerce in the fourth quarter worth approximately $2,231,000. Finally, Triasima Portfolio Management inc. bought a new position in shares of Lightspeed Commerce in the fourth quarter worth approximately $1,653,000. Institutional investors own 68.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LSPD. Barclays dropped their price objective on Lightspeed Commerce from $23.00 to $20.00 and set an "overweight" rating for the company in a research note on Friday, February 9th. TD Securities lowered Lightspeed Commerce from a "buy" rating to a "hold" rating and dropped their price objective for the company from $25.00 to $17.50 in a research note on Friday, February 9th. National Bankshares dropped their price objective on Lightspeed Commerce from $20.00 to $15.00 and set a "sector perform" rating for the company in a research note on Thursday, April 18th. National Bank Financial lowered Lightspeed Commerce from an "outperform market weight" rating to a "sector perform market weight" rating in a research note on Thursday, February 8th. Finally, BMO Capital Markets dropped their price objective on Lightspeed Commerce from $21.00 to $19.00 and set an "outperform" rating for the company in a research note on Friday, February 9th. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $18.74.

Lightspeed Commerce Stock Down 3.4 %

NYSE LSPD traded down $0.45 on Tuesday, reaching $12.64. 3,299,640 shares of the stock were exchanged, compared to its average volume of 1,271,865. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.21 and a quick ratio of 6.09. Lightspeed Commerce Inc. has a one year low of $12.23 and a one year high of $21.71. The company's 50-day simple moving average is $13.54 and its two-hundred day simple moving average is $15.68.

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.