Traders Purchase High Volume of Put Options on Lightspeed Commerce (NYSE:LSPD)

Lightspeed Commerce Inc. (NYSE:LSPDGet Free Report) was the recipient of unusually large options trading on Friday. Investors acquired 7,525 put options on the company. This is an increase of approximately 348% compared to the typical daily volume of 1,680 put options.

Lightspeed Commerce Stock Down 4.9 %

Lightspeed Commerce stock opened at $14.07 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.29 and a current ratio of 6.41. Lightspeed Commerce has a 52-week low of $12.23 and a 52-week high of $21.71. The firm has a 50 day moving average price of $18.55 and a two-hundred day moving average price of $16.41. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of -10.42 and a beta of 2.52.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LSPD. PNC Financial Services Group Inc. grew its position in Lightspeed Commerce by 112.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,299 shares of the company’s stock valued at $40,000 after purchasing an additional 688 shares during the period. Tower Research Capital LLC TRC grew its position in Lightspeed Commerce by 2,570.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,006 shares of the company’s stock valued at $56,000 after purchasing an additional 3,856 shares during the period. Advisors Asset Management Inc. grew its position in Lightspeed Commerce by 53.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 4,553 shares of the company’s stock valued at $64,000 after purchasing an additional 1,582 shares during the period. Captrust Financial Advisors boosted its holdings in Lightspeed Commerce by 24.1% during the 2nd quarter. Captrust Financial Advisors now owns 2,975 shares of the company’s stock worth $66,000 after acquiring an additional 577 shares during the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in Lightspeed Commerce during the 3rd quarter worth $67,000. Institutional investors own 51.98% of the company’s stock.

Analyst Ratings Changes

LSPD has been the topic of several research analyst reports. Truist Financial increased their price objective on shares of Lightspeed Commerce from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, January 12th. Barclays dropped their price objective on shares of Lightspeed Commerce from $23.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday. JPMorgan Chase & Co. dropped their price objective on shares of Lightspeed Commerce from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday. BTIG Research increased their price objective on shares of Lightspeed Commerce from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, December 28th. Finally, UBS Group initiated coverage on shares of Lightspeed Commerce in a research report on Friday, October 20th. They set a “neutral” rating and a $16.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lightspeed Commerce has an average rating of “Hold” and an average price target of $18.87.

Get Our Latest Stock Analysis on Lightspeed Commerce

About Lightspeed Commerce

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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.

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