Lightspeed Commerce Inc. $LSPD Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors reduced its Lightspeed Commerce stake by 8.4% in the first quarter, selling 140,178 shares and retaining 1.53 million shares valued at approximately $13.7 million. Institutional investors collectively own 68.68% of the company.
• Analysts have generally turned more cautious, with several firms lowering price targets. Lightspeed has a consensus “Hold” rating and an average target price of $11.32.
• Lightspeed’s latest quarterly results exceeded expectations, with EPS of $0.13 versus the $0.11 consensus and revenue of $322.7 million versus estimates of $310.6 million. Revenue increased 5.8% year over year.

Dimensional Fund Advisors LP reduced its stake in shares of Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 8.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,530,830 shares of the company's stock after selling 140,178 shares during the quarter. Dimensional Fund Advisors LP owned about 1.11% of Lightspeed Commerce worth $13,712,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of LSPD. Plato Investment Management Ltd increased its stake in Lightspeed Commerce by 880.0% during the 4th quarter. Plato Investment Management Ltd now owns 5,292 shares of the company's stock valued at $64,000 after buying an additional 4,752 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Lightspeed Commerce in the 2nd quarter worth approximately $92,000. Russell Investments Group Ltd. lifted its stake in shares of Lightspeed Commerce by 106.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 10,386 shares of the company's stock worth $122,000 after acquiring an additional 5,354 shares during the period. Aigen Investment Management LP acquired a new stake in Lightspeed Commerce in the fourth quarter worth approximately $125,000. Finally, Brooklyn Investment Group acquired a new stake in Lightspeed Commerce in the fourth quarter worth approximately $132,000. Institutional investors and hedge funds own 68.68% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LSPD shares. Stifel Nicolaus lowered their price target on Lightspeed Commerce from $12.00 to $10.00 and set a "hold" rating on the stock in a research report on Friday, May 22nd. National Bank Financial cut their price objective on Lightspeed Commerce from $15.00 to $11.00 and set a "sector perform" rating for the company in a report on Wednesday, May 27th. Barclays decreased their target price on Lightspeed Commerce from $12.00 to $11.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 21st. Benchmark lowered their target price on Lightspeed Commerce from $18.00 to $16.00 and set a "buy" rating on the stock in a report on Friday, May 22nd. Finally, BMO Capital Markets dropped their price target on shares of Lightspeed Commerce from $13.00 to $12.00 and set an "outperform" rating on the stock in a research report on Monday, May 25th. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $11.32.

Lightspeed Commerce Trading Up 2.2%

NYSE:LSPD opened at $10.46 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.55 and a quick ratio of 4.18. Lightspeed Commerce Inc. has a fifty-two week low of $7.83 and a fifty-two week high of $13.72. The stock's 50-day moving average is $10.02 and its two-hundred day moving average is $9.60. The stock has a market cap of $1.44 billion, a PE ratio of -14.94, a price-to-earnings-growth ratio of 1.12 and a beta of 1.88.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.02. Lightspeed Commerce had a negative net margin of 7.81% and a positive return on equity of 1.06%. The business had revenue of $322.70 million during the quarter, compared to analyst estimates of $310.58 million. During the same period in the prior year, the firm earned $0.06 earnings per share. The firm's revenue was up 5.8% compared to the same quarter last year. As a group, equities research analysts forecast that Lightspeed Commerce Inc. will post 0.31 earnings per share for the current fiscal year.

About Lightspeed Commerce

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.

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