Lightspeed Commerce Inc. $LSPD Shares Bought by Pale Fire Capital SE

Pale Fire Capital SE boosted its stake in Lightspeed Commerce Inc. (NYSE:LSPD) by 4.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 5,773,932 shares of the company’s stock after buying an additional 249,341 shares during the period. Lightspeed Commerce comprises 1.6% of Pale Fire Capital SE’s portfolio, making the stock its 7th largest position. Pale Fire Capital SE’s holdings in Lightspeed Commerce were worth $60,569,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in LSPD. Public Employees Retirement System of Ohio bought a new position in shares of Lightspeed Commerce in the 2nd quarter worth about $540,000. Amundi acquired a new position in Lightspeed Commerce during the 1st quarter valued at about $121,000. Royal Bank of Canada increased its stake in shares of Lightspeed Commerce by 64.4% during the first quarter. Royal Bank of Canada now owns 2,226,453 shares of the company’s stock valued at $19,950,000 after acquiring an additional 872,131 shares during the period. Renaissance Technologies LLC increased its position in shares of Lightspeed Commerce by 1,221.5% during the 1st quarter. Renaissance Technologies LLC now owns 406,783 shares of the company’s stock valued at $3,645,000 after purchasing an additional 376,000 shares during the period. Finally, Louisbourg Investments Inc. raised its stake in shares of Lightspeed Commerce by 4.1% in the 1st quarter. Louisbourg Investments Inc. now owns 672,764 shares of the company’s stock worth $6,004,000 after buying an additional 26,531 shares in the last quarter. 68.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LSPD. Bank of America initiated coverage on Lightspeed Commerce in a report on Tuesday, May 19th. They set an “underperform” rating and a $10.00 target price on the stock. Truist Financial dropped their price target on Lightspeed Commerce from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Thursday, May 28th. UBS Group cut their price objective on Lightspeed Commerce from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, May 22nd. National Bank Financial decreased their target price on Lightspeed Commerce from $15.00 to $11.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 27th. Finally, Morgan Stanley reduced their price objective on shares of Lightspeed Commerce from $13.50 to $11.50 and set an “equal weight” rating for the company in a research note on Friday, May 22nd. Four analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Lightspeed Commerce presently has an average rating of “Hold” and an average target price of $11.54.

Lightspeed Commerce Trading Up 2.7%

Shares of NYSE LSPD opened at $10.43 on Thursday. Lightspeed Commerce Inc. has a one year low of $7.83 and a one year high of $13.72. The firm has a market capitalization of $1.44 billion, a PE ratio of -14.89, a PEG ratio of 1.08 and a beta of 1.84. The company has a current ratio of 3.55, a quick ratio of 3.45 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $10.38 and a two-hundred day moving average price of $9.61.

Lightspeed Commerce (NYSE:LSPD) last issued its earnings results on Thursday, July 30th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $322.70 million for the quarter, compared to the consensus estimate of $310.58 million. Lightspeed Commerce had a positive return on equity of 1.06% and a negative net margin of 7.81%.The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 EPS. As a group, analysts predict that Lightspeed Commerce Inc. will post 0.31 earnings per share for the current fiscal year.

Lightspeed Commerce 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.