Palogic Value Management L.P. Buys 154,071 Shares of 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. raised its position in Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 179.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 240,000 shares of the company's stock after purchasing an additional 154,071 shares during the period. 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 hedge funds also recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of 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 acquiring an additional 1,124 shares during the last quarter. Toronto Dominion Bank raised its position in Lightspeed Commerce by 17.6% in the 4th quarter. Toronto Dominion Bank now owns 20,477 shares of the company's stock worth $312,000 after purchasing an additional 3,069 shares during the period. PCJ Investment Counsel Ltd. raised its position in Lightspeed Commerce by 2.7% in the 1st quarter. PCJ Investment Counsel Ltd. now owns 126,420 shares of the company's stock worth $1,106,000 after purchasing an additional 3,360 shares during the period. The Manufacturers Life Insurance Company raised its position in Lightspeed Commerce by 3.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 117,584 shares of the company's stock worth $1,795,000 after purchasing an additional 3,785 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Lightspeed Commerce by 12.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 34,846 shares of the company's stock worth $305,000 after purchasing an additional 3,786 shares during the period. 68.68% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on LSPD shares. National Bankshares lifted their target price on shares of Lightspeed Commerce from $13.00 to $15.00 and gave the stock a "sector perform" rating in a research report on Friday, August 1st. Barclays lifted their target price on shares of Lightspeed Commerce from $12.00 to $15.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Morgan Stanley lifted their target price on shares of Lightspeed Commerce from $12.00 to $14.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 20th. Scotiabank lifted their target price on shares of Lightspeed Commerce from $10.00 to $12.00 and gave the stock a "sector perform" rating in a research report on Monday, July 28th. Finally, Stifel Nicolaus boosted their price objective on shares of Lightspeed Commerce from $12.00 to $14.00 and gave the company a "hold" rating in a research report on Friday, August 1st. Five 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. Based on data from MarketBeat, Lightspeed Commerce currently has an average rating of "Hold" and a consensus target price of $14.53.

Lightspeed Commerce Trading Up 0.5%

Shares of LSPD stock traded up $0.06 during mid-day trading on Friday, reaching $11.86. The stock had a trading volume of 342,144 shares, compared to its average volume of 445,745. The stock's 50-day moving average price is $12.29 and its two-hundred day moving average price is $11.08. Lightspeed Commerce Inc. has a 52-week low of $7.34 and a 52-week high of $18.96. The firm has a market capitalization of $1.60 billion, a PE ratio of -2.63, a price-to-earnings-growth ratio of 22.69 and a beta of 2.48. The company has a current ratio of 4.60, a quick ratio of 4.50 and a debt-to-equity ratio of 0.01.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.05). The company had revenue of $304.94 million for the quarter, compared to the consensus estimate of $287.28 million. Lightspeed Commerce had a negative net margin of 61.11% and a positive return on equity of 0.33%. The company's revenue for the quarter was up 14.6% on a year-over-year basis. 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. Equities analysts expect that Lightspeed Commerce Inc. will post 0.08 earnings per share for the current fiscal year.

Lightspeed Commerce Company 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.