PenderFund Capital Management Ltd. Has $1.41 Million Stake in Lightspeed Commerce Inc. $LSPD

Key Points

• PenderFund Capital Management Ltd. sold 213,619 shares of Lightspeed Commerce, reducing its stake by 57% during the first quarter, leaving it with 161,181 shares valued at approximately $1.41 million.
• Analysts have increased Lightspeed Commerce's price targets, with firms like Morgan Stanley and Benchmark raising their targets to $14.00 and $18.00 respectively, while the stock currently has a consensus rating of "Hold".
• Lightspeed Commerce reported a negative net margin of 61.11% for the last quarter, missing EPS estimates while achieving revenues of $304.94 million, which is a 14.6% increase year-over-year.

PenderFund Capital Management Ltd. cut its position in shares of Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 57.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 161,181 shares of the company's stock after selling 213,619 shares during the quarter. PenderFund Capital Management Ltd. owned 0.11% of Lightspeed Commerce worth $1,410,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Bayesian Capital Management LP acquired a new position in Lightspeed Commerce during the 4th quarter valued at approximately $165,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted 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 valued at $98,000 after purchasing an additional 1,124 shares during the period. Tempus Wealth Planning LLC acquired a new position in Lightspeed Commerce during the 1st quarter valued at approximately $119,000. Twinbeech Capital LP acquired a new position in Lightspeed Commerce during the 4th quarter valued at approximately $261,000. Finally, BIT Capital GmbH acquired a new position in Lightspeed Commerce during the 1st quarter valued at approximately $150,000. 68.68% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on LSPD shares. Scotiabank boosted their price objective on Lightspeed Commerce from $10.00 to $12.00 and gave the company a "sector perform" rating in a research report on Monday, July 28th. Benchmark lifted their target price on Lightspeed Commerce from $16.00 to $18.00 and gave the company a "buy" rating in a research note on Friday, August 1st. National Bankshares raised their price target on Lightspeed Commerce from $13.00 to $15.00 and gave the company a "sector perform" rating in a report on Friday, August 1st. Morgan Stanley raised their price target on Lightspeed Commerce from $12.00 to $14.00 and gave the company an "equal weight" rating in a report on Wednesday, August 20th. Finally, Barclays raised their price target on 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $14.53.

Lightspeed Commerce Stock Performance

NYSE LSPD traded down $0.01 during trading on Tuesday, hitting $12.13. The company's stock had a trading volume of 435,211 shares, compared to its average volume of 402,730. The company has a quick ratio of 4.50, a current ratio of 4.60 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average price of $12.29 and a 200 day moving average price of $11.10. The firm has a market cap of $1.64 billion, a P/E ratio of -2.69, a price-to-earnings-growth ratio of 23.33 and a beta of 2.48. Lightspeed Commerce Inc. has a 52 week low of $7.34 and a 52 week high of $18.96.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.06 EPS 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 analyst estimates of $287.28 million. Lightspeed Commerce had a negative net margin of 61.11% and a positive return on equity of 0.33%. The firm's quarterly revenue was up 14.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 EPS. 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 earnings per share for the current fiscal year.

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.