Nuveen LLC acquired a new position in shares of Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 117,314 shares of the company's stock, valued at approximately $1,026,000. Nuveen LLC owned approximately 0.08% of Lightspeed Commerce at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. 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. Nuveen Asset Management LLC boosted its holdings in Lightspeed Commerce by 0.8% in the fourth quarter. Nuveen Asset Management LLC now owns 3,149,919 shares of the company's stock worth $48,009,000 after acquiring an additional 24,891 shares in the last quarter. Ameriprise Financial Inc. bought a new position in Lightspeed Commerce in the fourth quarter worth approximately $24,334,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of 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 acquiring an additional 132,500 shares during the last quarter. Finally, Louisbourg Investments Inc. raised its holdings in shares of Lightspeed Commerce by 36.2% in the 1st quarter. Louisbourg Investments Inc. now owns 684,509 shares of the company's stock worth $5,995,000 after acquiring an additional 181,891 shares during the last quarter. 68.68% of the stock is owned by institutional investors.
Lightspeed Commerce Stock Down 1.8%
NYSE:LSPD traded down $0.22 on Thursday, hitting $11.86. The stock had a trading volume of 465,100 shares, compared to its average volume of 880,778. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.50 and a current ratio of 4.60. The stock has a market cap of $1.60 billion, a P/E ratio of -2.64, a price-to-earnings-growth ratio of 23.79 and a beta of 2.48. Lightspeed Commerce Inc. has a 1 year low of $7.34 and a 1 year high of $18.96. The firm's fifty day simple moving average is $12.25 and its two-hundred day simple moving average is $11.16.
Lightspeed Commerce (NYSE:LSPD - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.05). Lightspeed Commerce had a positive return on equity of 0.33% and a negative net margin of 61.11%.The company had revenue of $304.94 million for the quarter, compared to analysts' expectations of $287.28 million. During the same quarter in the previous year, the business earned $0.10 EPS. The company's revenue for the quarter was up 14.6% on a year-over-year basis. Lightspeed Commerce has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Analysts predict that Lightspeed Commerce Inc. will post 0.08 earnings per share for the current year.
Wall Street Analyst Weigh In
LSPD has been the topic of a number of analyst reports. National Bankshares upped their target price on shares of Lightspeed Commerce from $13.00 to $15.00 and gave the stock a "sector perform" rating in a report on Friday, August 1st. Barclays upped their target price on shares of Lightspeed Commerce from $12.00 to $15.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Morgan Stanley upped their target price on shares of Lightspeed Commerce from $12.00 to $14.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 20th. Scotiabank upped their target price on shares of Lightspeed Commerce from $10.00 to $12.00 and gave the stock a "sector perform" rating in a report on Monday, July 28th. Finally, Truist Financial increased their price objective on shares of Lightspeed Commerce from $11.00 to $12.00 and gave the company a "hold" rating in a research note on Thursday, July 17th. Five equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $14.53.
View Our Latest Report on Lightspeed Commerce
Lightspeed Commerce Profile
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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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