Artisan Partners Limited Partnership Cuts Stock Holdings in Lightspeed Commerce Inc. $LSPD

Artisan Partners Limited Partnership lowered its position in shares of Lightspeed Commerce Inc. (NYSE:LSPD) by 7.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,319,030 shares of the company’s stock after selling 252,301 shares during the quarter. Artisan Partners Limited Partnership’s holdings in Lightspeed Commerce were worth $38,316,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE increased its position in shares of Lightspeed Commerce by 846.0% during the second quarter. Bank of America Corp DE now owns 1,873,942 shares of the company’s stock worth $21,944,000 after purchasing an additional 1,675,853 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Lightspeed Commerce by 151.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,148,959 shares of the company’s stock worth $18,803,000 after purchasing an additional 1,295,469 shares during the last quarter. ANTIPODES PARTNERS Ltd grew its holdings in shares of Lightspeed Commerce by 3,784.7% during the second quarter. ANTIPODES PARTNERS Ltd now owns 1,150,227 shares of the company’s stock worth $13,472,000 after buying an additional 1,120,618 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Lightspeed Commerce by 43.7% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,139,300 shares of the company’s stock valued at $25,121,000 after buying an additional 650,200 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Lightspeed Commerce by 29.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,468,872 shares of the company’s stock worth $28,948,000 after acquiring an additional 556,724 shares during the last quarter. 68.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LSPD has been the subject of a number of recent research reports. TD Securities upgraded shares of Lightspeed Commerce to a “hold” rating in a report on Thursday, January 15th. Barclays dropped their price target on Lightspeed Commerce from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday, January 12th. Truist Financial reduced their price objective on Lightspeed Commerce from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, February 11th. Royal Bank Of Canada dropped their target price on Lightspeed Commerce from $15.00 to $13.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Finally, Zacks Research lowered Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Five equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $13.33.

Lightspeed Commerce Trading Down 4.2%

Shares of Lightspeed Commerce stock opened at $9.03 on Friday. The stock has a 50 day moving average of $10.81 and a 200 day moving average of $11.53. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.44 and a current ratio of 4.52. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of -1.95, a PEG ratio of 10.63 and a beta of 2.07. Lightspeed Commerce Inc. has a fifty-two week low of $7.34 and a fifty-two week high of $14.34.

Lightspeed Commerce (NYSE:LSPD) last posted its earnings results on Thursday, February 5th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Lightspeed Commerce had a positive return on equity of 0.37% and a negative net margin of 58.15%.The company had revenue of $312.35 million for the quarter, compared to the consensus estimate of $311.28 million. During the same quarter in the previous year, the business earned $0.12 earnings per share. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. As a group, research analysts predict that Lightspeed Commerce Inc. will post 0.08 earnings per share for the current year.

Lightspeed Commerce Company Profile

Lightspeed Commerce Inc is a Canadian technology company that develops cloud-based point-of-sale (POS) and e-commerce software for small and medium-sized businesses across the retail and hospitality sectors. Its integrated platform enables merchants to manage sales, inventory, customer relationships and analytics through a single interface. By combining in-store and online channels, Lightspeed helps businesses streamline operations and improve customer engagement in an increasingly omnichannel marketplace.

The company’s product suite includes POS terminals, payment processing services, inventory management tools, customer loyalty programs and data reporting dashboards.