1 week Ago By ABMN Staff
Norges Bank purchased a new stake in shares of Lightspeed Commerce Inc. ( NYSE:LSPD – Free Report ) in the 4th quarter, HoldingsChannel reports. The fund purchased 63,296 shares of the company’s stock, valued at approximately $964,000.
Other institutional investors have also modified their holdings of the company. FMR LLC lifted its holdings in shares of Lightspeed Commerce by 7.1% during the 3rd quarter.
FMR LLC now owns 58,971 shares of the company’s stock valued at $972,000 after purchasing an additional 3,900 shares during the last quarter. State Street Corp increased its position in Lightspeed Commerce by 29.1% during the 3rd quarter.
State Street Corp now owns 353,472 shares of the company’s stock valued at $5,829,000 after buying an additional 79,696 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Lightspeed Commerce in the third quarter valued at about $705,000. Public Employees Retirement System of Ohio acquired a new stake in Lightspeed Commerce in the third quarter worth about $699,000.
Finally, Barclays PLC boosted its holdings in Lightspeed Commerce by 8,355.1% in the third quarter. Barclays PLC now owns 29,170 shares of the company’s stock worth $481,000 after acquiring an additional 28,825 shares in the last quarter.
68.68% of the stock is currently owned by institutional investors. Analyst Ratings Changes Several equities analysts have recently issued reports on LSPD shares.
Benchmark cut their price objective on shares of Lightspeed Commerce from $21.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, March 27th.
Wells Fargo & Company cut their price target on shares of Lightspeed Commerce from $13.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Friday, March 28th.
Barclays lowered their price objective on shares of Lightspeed Commerce from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday, March 28th.
Atb Cap Markets lowered shares of Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 26th. Finally, BMO Capital Markets reduced their target price 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. Eleven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.
com, the company presently has a consensus rating of “Hold” and an average target price of $15.09. Lightspeed Commerce Stock Up 3.
6 % Shares of LSPD stock opened at $9.15 on Friday. Lightspeed Commerce Inc.
has a twelve month low of $7.34 and a twelve month high of $18.96.
The stock has a market cap of $1.40 billion, a P/E ratio of -11.43, a P/E/G ratio of 3.
03 and a beta of 2.52. The stock has a 50 day moving average of $11.
09 and a 200 day moving average of $14.31. 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 ( NYSE:LSPD – Get Free Report ) last posted its earnings results on Thursday, February 6th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.
10 by ($0.07). Lightspeed Commerce had a negative net margin of 11.
75% and a positive return on equity of 0.61%. As a group, sell-side analysts expect that Lightspeed Commerce Inc.
will post 0.08 EPS for the current year. Lightspeed Commerce Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding LSPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lightspeed Commerce Inc.
( NYSE:LSPD – Free Report ). Receive News & Ratings for Lightspeed Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lightspeed Commerce and related companies with MarketBeat.com's FREE daily email newsletter .
.
