Capstone Investment Advisors LLC Cuts Stake in Lightspeed Commerce Inc. (NYSE:LSPD)

Capstone Investment Advisors LLC lessened its position in shares of Lightspeed Commerce Inc. (NYSE:LSPD) by 32.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,370 shares of the company’s stock after selling 12,040 shares during the period. Capstone Investment Advisors LLC’s holdings in Lightspeed Commerce were worth $533,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LSPD. Artisan Partners Limited Partnership boosted its holdings in shares of Lightspeed Commerce by 13.4% in the 4th quarter. Artisan Partners Limited Partnership now owns 5,297,686 shares of the company’s stock valued at $111,232,000 after buying an additional 627,796 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Lightspeed Commerce by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 4,938,501 shares of the company’s stock valued at $69,287,000 after buying an additional 72,890 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Lightspeed Commerce by 19.0% in the 3rd quarter. Wellington Management Group LLP now owns 2,674,070 shares of the company’s stock valued at $37,517,000 after buying an additional 427,320 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Lightspeed Commerce by 14.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,965,996 shares of the company’s stock valued at $41,267,000 after buying an additional 246,741 shares in the last quarter. Finally, Hillsdale Investment Management Inc. boosted its holdings in shares of Lightspeed Commerce by 365.2% in the 4th quarter. Hillsdale Investment Management Inc. now owns 1,348,120 shares of the company’s stock valued at $28,317,000 after buying an additional 1,058,320 shares in the last quarter. Institutional investors and hedge funds own 68.68% of the company’s stock.

Wall Street Analysts Forecast Growth

LSPD has been the subject of several research analyst reports. Bank of America upped their target price on shares of Lightspeed Commerce from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, May 17th. Jefferies Financial Group upped their target price on shares of Lightspeed Commerce from $14.00 to $16.00 and gave the company a “hold” rating in a report on Tuesday, May 21st. UBS Group upped their price target on shares of Lightspeed Commerce from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. JPMorgan Chase & Co. reduced their price target on shares of Lightspeed Commerce from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Friday, May 17th. Finally, Cibc World Mkts upgraded shares of Lightspeed Commerce from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 24th. Twelve investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $18.78.

Lightspeed Commerce Trading Down 2.6 %

LSPD stock opened at $14.54 on Friday. Lightspeed Commerce Inc. has a one year low of $12.23 and a one year high of $21.71. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.23 and a current ratio of 6.34. The company has a fifty day moving average of $13.89 and a 200-day moving average of $15.70.

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.