Lightspeed Commerce Inc. (NASDAQ:LSPD) Holdings Lifted by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lifted its stake in Lightspeed Commerce Inc. (NASDAQ:LSPDGet Rating) by 21.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 148,313 shares of the company’s stock after purchasing an additional 26,016 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.10% of Lightspeed Commerce worth $5,996,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Liberty Wealth Management LLC acquired a new position in shares of Lightspeed Commerce in the 3rd quarter valued at $29,000. Gulf International Bank UK Ltd purchased a new stake in shares of Lightspeed Commerce during the 4th quarter worth about $31,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Lightspeed Commerce in the 4th quarter valued at approximately $35,000. Aviva PLC bought a new position in shares of Lightspeed Commerce in the 4th quarter valued at approximately $258,000. Finally, Schroder Investment Management Group bought a new position in shares of Lightspeed Commerce in the 3rd quarter valued at approximately $267,000. Institutional investors and hedge funds own 66.77% of the company’s stock.

LSPD stock opened at $21.03 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 7.26 and a quick ratio of 7.23. The stock has a market capitalization of $3.11 billion, a P/E ratio of -13.23 and a beta of 3.57. The business has a 50-day moving average of $24.85 and a 200-day moving average of $36.35. Lightspeed Commerce Inc. has a fifty-two week low of $15.03 and a fifty-two week high of $130.02.

LSPD has been the topic of several recent research reports. Raymond James decreased their price objective on Lightspeed Commerce from C$68.00 to C$40.00 in a report on Friday, May 13th. Truist Financial dropped their target price on Lightspeed Commerce from $75.00 to $60.00 in a research report on Friday, February 4th. Barclays dropped their price objective on Lightspeed Commerce from $50.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, April 19th. Moffett Nathanson initiated coverage on Lightspeed Commerce in a report on Tuesday, April 5th. They issued a “buy” rating and a $40.00 price objective for the company. Finally, BMO Capital Markets dropped their price objective on Lightspeed Commerce from C$96.00 to C$60.00 in a report on Friday, February 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $69.00.

Lightspeed Commerce Profile (Get Rating)

Lightspeed Commerce Inc provides commerce enabling Software as a Service (SaaS) platform for small and midsize businesses, retailers, restaurants, and golf course operators in Canada, the United States, Germany, Australia, and internationally. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc.

Recommended Stories

Institutional Ownership by Quarter for Lightspeed Commerce (NASDAQ:LSPD)

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.