Lightspeed Commerce Inc. $LSPD Stock Holdings Boosted by Pale Fire Capital SE

Key Points

• Pale Fire Capital increased its Lightspeed Commerce stake by 4.5% in the second quarter, bringing its holdings to 5.77 million shares worth approximately $60.6 million. Institutional investors collectively own 68.68% of the company.
• Lightspeed shares rose 2.7% to $10.43, while the company reported quarterly revenue of $322.7 million and adjusted earnings of $0.13 per share, exceeding analyst expectations.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $11.54; estimates include four Buy, nine Hold, and three Sell ratings.

Pale Fire Capital SE grew its stake in Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 4.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,773,932 shares of the company's stock after buying an additional 249,341 shares during the period. Lightspeed Commerce accounts for 1.6% of Pale Fire Capital SE's investment portfolio, making the stock its 7th largest holding. Pale Fire Capital SE owned about 4.19% of Lightspeed Commerce worth $60,569,000 as of its most recent filing with the Securities and Exchange Commission.

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

Lightspeed Commerce Trading Up 2.7%

Shares of Lightspeed Commerce stock opened at $10.43 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.55 and a quick ratio of 3.45. Lightspeed Commerce Inc. has a 1 year low of $7.83 and a 1 year high of $13.72. The business has a 50 day moving average price of $10.38 and a 200 day moving average price of $9.61. The company has a market capitalization of $1.44 billion, a P/E ratio of -14.89, a P/E/G ratio of 1.08 and a beta of 1.84.

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LSPD. JPMorgan Chase & Co. boosted their target price on Lightspeed Commerce from $11.00 to $12.00 and gave the company an "underweight" rating in a report on Friday, July 31st. National Bank Financial lowered their target price on shares of Lightspeed Commerce from $15.00 to $11.00 and set a "sector perform" rating on the stock in a report on Wednesday, May 27th. Benchmark reduced their price objective on shares of Lightspeed Commerce from $18.00 to $16.00 and set a "buy" rating for the company in a research report on Friday, May 22nd. Weiss Ratings reiterated a "sell (d-)" rating on shares of Lightspeed Commerce in a research report on Friday, July 17th. Finally, BMO Capital Markets dropped their price objective on Lightspeed Commerce from $13.00 to $12.00 and set an "outperform" rating on the stock in a report on Monday, May 25th. Four equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Lightspeed Commerce has a consensus rating of "Hold" and an average target price of $11.54.

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.

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