D. E. Shaw & Co. Inc. Purchases 299,482 Shares of Lightspeed Commerce Inc. (NYSE:LSPD)

D. E. Shaw & Co. Inc. raised its holdings in shares of Lightspeed Commerce Inc. (NYSE:LSPD) by 304.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 397,752 shares of the company’s stock after acquiring an additional 299,482 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.26% of Lightspeed Commerce worth $6,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Caption Management LLC bought a new stake in Lightspeed Commerce during the fourth quarter valued at about $364,000. Azora Capital LP boosted its holdings in shares of Lightspeed Commerce by 1.5% in the 4th quarter. Azora Capital LP now owns 1,460,772 shares of the company’s stock worth $22,248,000 after purchasing an additional 21,441 shares during the period. Bayesian Capital Management LP bought a new position in Lightspeed Commerce during the fourth quarter valued at $165,000. Beryl Capital Management LLC bought a new position in Lightspeed Commerce during the 4th quarter valued at about $1,597,000. Finally, Ameriprise Financial Inc. purchased a new stake in Lightspeed Commerce in the fourth quarter worth $24,334,000. Institutional investors own 68.68% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on LSPD shares. Royal Bank of Canada dropped their price objective on Lightspeed Commerce from $20.00 to $15.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 25th. Benchmark reduced their price objective on shares of Lightspeed Commerce from $21.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, March 27th. UBS Group reduced their target price on Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating on the stock in a research report on Friday, February 7th. Bank of America lowered their price target on Lightspeed Commerce from $20.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, March 27th. Finally, Barclays cut their price objective on shares of Lightspeed Commerce from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Lightspeed Commerce currently has a consensus rating of “Hold” and a consensus target price of $14.29.

Lightspeed Commerce Price Performance

Shares of LSPD opened at $10.83 on Friday. The business’s 50-day moving average is $9.66 and its two-hundred day moving average is $13.30. The company has a market capitalization of $1.66 billion, a P/E ratio of -13.54, a P/E/G ratio of 3.03 and a beta of 2.49. Lightspeed Commerce Inc. has a fifty-two week low of $7.34 and a fifty-two week high of $18.96. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.99 and a current ratio of 6.10.

Lightspeed Commerce 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.