Arrowstreet Capital Limited Partnership Purchases 556,724 Shares of Lightspeed Commerce Inc. $LSPD

Arrowstreet Capital Limited Partnership raised its holdings in shares of Lightspeed Commerce Inc. (NYSE:LSPD) by 29.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,468,872 shares of the company’s stock after purchasing an additional 556,724 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 1.83% of Lightspeed Commerce worth $28,948,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in LSPD. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Lightspeed Commerce by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,197 shares of the company’s stock valued at $98,000 after purchasing an additional 1,124 shares during the period. Russell Investments Group Ltd. raised its stake in Lightspeed Commerce by 106.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 10,386 shares of the company’s stock valued at $122,000 after buying an additional 5,354 shares during the last quarter. Magnetar Financial LLC bought a new position in shares of Lightspeed Commerce during the 2nd quarter valued at $156,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Lightspeed Commerce by 12.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 34,846 shares of the company’s stock valued at $305,000 after buying an additional 3,786 shares during the period. Finally, Montrusco Bolton Investments Inc. purchased a new position in shares of Lightspeed Commerce in the 2nd quarter worth $457,000. Hedge funds and other institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Stock Up 2.2%

NYSE LSPD opened at $11.59 on Friday. The company has a quick ratio of 4.58, a current ratio of 4.66 and a debt-to-equity ratio of 0.01. Lightspeed Commerce Inc. has a 52 week low of $7.34 and a 52 week high of $17.59. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of -2.55, a PEG ratio of 18.73 and a beta of 2.16. The company has a fifty day moving average of $11.75 and a two-hundred day moving average of $11.85.

Lightspeed Commerce (NYSE:LSPD) last announced its earnings results on Thursday, November 6th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.05. Lightspeed Commerce had a negative net margin of 59.16% and a positive return on equity of 0.39%. The business had revenue of $318.96 million for the quarter, compared to the consensus estimate of $308.90 million. During the same quarter in the prior year, the firm posted $0.13 earnings per share. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. On average, analysts predict that Lightspeed Commerce Inc. will post 0.08 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on the company. Zacks Research upgraded Lightspeed Commerce from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. TD Securities initiated coverage on shares of Lightspeed Commerce in a report on Friday, October 3rd. They set a “hold” rating and a $13.00 target price for the company. Morgan Stanley raised their price objective on Lightspeed Commerce from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Lightspeed Commerce in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada set a $15.00 price objective on shares of Lightspeed Commerce and gave the company an “outperform” rating in a report on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $13.72.

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.