Lightspeed Commerce Inc. $LSPD Shares Sold by Public Employees Retirement System of Ohio

Key Points

• The Public Employees Retirement System of Ohio has reduced its shares in Lightspeed Commerce Inc. by 42%, now holding 76,807 shares valued at approximately $900,000.
• Despite a negative net margin of 61.11%, Lightspeed Commerce reported a revenue increase of 14.6% year over year, totaling $304.94 million in its latest quarterly earnings.
• A consensus rating on Lightspeed Commerce's stock shows four analysts rating it as a Buy, while eleven rated it as a Hold and two as a Sell, with an average price target of $13.70.

Public Employees Retirement System of Ohio trimmed its holdings in shares of Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 42.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,807 shares of the company's stock after selling 55,584 shares during the quarter. Public Employees Retirement System of Ohio owned 0.05% of Lightspeed Commerce worth $900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Lightspeed Commerce by 0.7% in the first quarter. Vanguard Group Inc. now owns 5,372,421 shares of the company's stock worth $47,004,000 after acquiring an additional 39,115 shares in the last quarter. Wishbone Management LP acquired a new position in shares of Lightspeed Commerce during the first quarter valued at about $32,156,000. Goldman Sachs Group Inc. raised its position in shares of Lightspeed Commerce by 151.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,148,959 shares of the company's stock valued at $18,803,000 after purchasing an additional 1,295,469 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Lightspeed Commerce by 9.8% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,489,100 shares of the company's stock worth $13,030,000 after purchasing an additional 132,500 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Lightspeed Commerce by 10.4% in the 1st quarter. Wellington Management Group LLP now owns 738,428 shares of the company's stock worth $6,461,000 after purchasing an additional 69,583 shares in the last quarter. 68.68% of the stock is currently owned by hedge funds and other institutional investors.

Lightspeed Commerce Price Performance

NYSE:LSPD opened at $11.88 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.60 and a quick ratio of 4.50. The company has a 50 day moving average price of $12.21 and a 200-day moving average price of $11.17. Lightspeed Commerce Inc. has a 1-year low of $7.34 and a 1-year high of $18.96. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of -2.64, a price-to-earnings-growth ratio of 22.85 and a beta of 2.45.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.05). Lightspeed Commerce had a negative net margin of 61.11% and a positive return on equity of 0.33%. The firm had revenue of $304.94 million for the quarter, compared to analyst estimates of $287.28 million. During the same quarter in the prior year, the business posted $0.10 EPS. The firm's quarterly revenue was up 14.6% compared to the same quarter last year. Lightspeed Commerce has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Equities research analysts forecast that Lightspeed Commerce Inc. will post 0.08 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on LSPD shares. TD Securities started coverage on shares of Lightspeed Commerce in a report on Friday. They issued a "hold" rating and a $13.00 price target for the company. Stifel Nicolaus upped their target price on Lightspeed Commerce from $12.00 to $14.00 and gave the company a "hold" rating in a research report on Friday, August 1st. Benchmark lifted their price target on Lightspeed Commerce from $16.00 to $18.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Morgan Stanley boosted their price target on Lightspeed Commerce from $12.00 to $14.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 20th. Finally, Scotiabank raised their price objective on Lightspeed Commerce from $10.00 to $12.00 and gave the stock a "sector perform" rating in a research note on Monday, July 28th. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Lightspeed Commerce has a consensus rating of "Hold" and an average price target of $13.70.

About Lightspeed Commerce

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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