Palogic Value Management L.P. Boosts Position in Lightspeed Commerce Inc. $LSPD

Key Points

• Palogic Value Management L.P. increased its stake in Lightspeed Commerce by 179.3%, acquiring an additional 154,071 shares, and now holds a total of 240,000 shares valued at approximately $2.1 million.
• Recent ratings upgrades by several research firms have raised the target price for Lightspeed Commerce, with Benchmark and Barclays setting targets as high as $18.00 and $15.00 respectively.
• Despite a revenue increase of 14.6% year-over-year, Lightspeed Commerce reported a miss on EPS expectations, posting $0.06 compared to the consensus estimate of $0.11.

Palogic Value Management L.P. boosted its holdings in shares of Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 179.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 240,000 shares of the company's stock after buying an additional 154,071 shares during the quarter. Palogic Value Management L.P. owned 0.16% of Lightspeed Commerce worth $2,100,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of LSPD. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Lightspeed Commerce by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,197 shares of the company's stock worth $98,000 after buying an additional 1,124 shares during the last quarter. Tempus Wealth Planning LLC purchased a new position in shares of Lightspeed Commerce during the 1st quarter valued at approximately $119,000. BIT Capital GmbH purchased a new position in shares of Lightspeed Commerce during the 1st quarter valued at approximately $150,000. ANTIPODES PARTNERS Ltd purchased a new position in shares of Lightspeed Commerce during the 1st quarter valued at approximately $259,000. Finally, Twinbeech Capital LP purchased a new position in shares of Lightspeed Commerce during the 4th quarter valued at approximately $261,000. 68.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LSPD. National Bankshares lifted their target price on shares of Lightspeed Commerce from $13.00 to $15.00 and gave the company a "sector perform" rating in a report on Friday, August 1st. Scotiabank lifted their target price on shares of Lightspeed Commerce from $10.00 to $12.00 and gave the company a "sector perform" rating in a report on Monday, July 28th. Benchmark lifted their target price on shares of Lightspeed Commerce from $16.00 to $18.00 and gave the company a "buy" rating in a report on Friday, August 1st. Stifel Nicolaus lifted their target price on shares of Lightspeed Commerce from $12.00 to $14.00 and gave the company a "hold" rating in a report on Friday, August 1st. Finally, Barclays lifted their target price on shares of Lightspeed Commerce from $12.00 to $15.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. 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 company's stock. According to data from MarketBeat, Lightspeed Commerce has an average rating of "Hold" and a consensus price target of $14.53.

Lightspeed Commerce Price Performance

Shares of NYSE LSPD opened at $12.12 on Tuesday. The firm has a market cap of $1.64 billion, a PE ratio of -2.69, a PEG ratio of 23.41 and a beta of 2.48. The firm has a fifty day moving average of $12.28 and a 200 day moving average of $11.09. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.50 and a current ratio of 4.60. Lightspeed Commerce Inc. has a one year low of $7.34 and a one year high of $18.96.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last issued 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). The company had revenue of $304.94 million during the quarter, compared to analysts' expectations of $287.28 million. Lightspeed Commerce had a positive return on equity of 0.33% and a negative net margin of 61.11%.Lightspeed Commerce's revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 EPS. Lightspeed Commerce has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. As a group, research analysts predict that Lightspeed Commerce Inc. will post 0.08 EPS for the current fiscal year.

Lightspeed Commerce Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.