Caption Management LLC Acquires Shares of 23,870 Lightspeed Commerce Inc. (NYSE:LSPD)

Caption Management LLC bought a new position in shares of Lightspeed Commerce Inc. (NYSE:LSPD) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 23,870 shares of the company’s stock, valued at approximately $364,000.

A number of other large investors also recently modified their holdings of LSPD. Vanguard Group Inc. grew its holdings in Lightspeed Commerce by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 5,333,306 shares of the company’s stock worth $81,319,000 after buying an additional 70,324 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Lightspeed Commerce by 37,065.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,181,809 shares of the company’s stock worth $63,688,000 after acquiring an additional 4,170,557 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Lightspeed Commerce by 1.1% in the fourth quarter. Bank of Montreal Can now owns 2,022,590 shares of the company’s stock valued at $30,803,000 after purchasing an additional 21,357 shares during the last quarter. Intact Investment Management Inc. lifted its position in shares of Lightspeed Commerce by 94.5% during the fourth quarter. Intact Investment Management Inc. now owns 1,707,257 shares of the company’s stock valued at $26,031,000 after purchasing an additional 829,577 shares in the last quarter. Finally, Ameriprise Financial Inc. purchased a new position in Lightspeed Commerce during the fourth quarter worth about $24,334,000. 68.68% of the stock is currently owned by institutional investors.

Lightspeed Commerce Trading Up 0.2 %

Shares of Lightspeed Commerce stock opened at $9.75 on Thursday. The company’s 50-day moving average price is $9.79 and its 200-day moving average price is $13.52. The company has a current ratio of 6.10, a quick ratio of 5.99 and a debt-to-equity ratio of 0.01. Lightspeed Commerce Inc. has a 12-month low of $7.34 and a 12-month high of $18.96. The company has a market cap of $1.49 billion, a price-to-earnings ratio of -12.18, a PEG ratio of 3.03 and a beta of 2.49.

Lightspeed Commerce (NYSE:LSPD) last posted its earnings results on Thursday, February 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.07). Lightspeed Commerce had a positive return on equity of 0.61% and a negative net margin of 11.75%. On average, equities analysts expect that Lightspeed Commerce Inc. will post 0.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on LSPD shares. Piper Sandler dropped their target price on shares of Lightspeed Commerce from $13.00 to $11.00 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. Barclays dropped their price target on Lightspeed Commerce from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday, April 21st. BMO Capital Markets reduced their price objective on Lightspeed Commerce from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday, March 27th. Stifel Nicolaus lowered their target price 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. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $9.00 price target (down previously from $10.00) on shares of Lightspeed Commerce in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $14.29.

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.