Royal Bank of Canada Has $11.30 Million Stock Position in Lightspeed Commerce Inc. $LSPD

Key Points

• Royal Bank of Canada has reduced its stake in Lightspeed Commerce Inc. by 39.0%, ending with approximately $11.30 million in shares after selling over 824,000 shares.
• Lightspeed Commerce reported $304.94 million in revenue for the last quarter, which was an increase of 14.6% year-over-year, but missed EPS estimates by $0.05.
• Various analysts have recently adjusted their price targets for Lightspeed Commerce, with an average target of $14.53 and a consensus rating of "Hold".

Royal Bank of Canada lowered its stake in Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 39.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,290,956 shares of the company's stock after selling 824,327 shares during the quarter. Royal Bank of Canada owned about 0.84% of Lightspeed Commerce worth $11,295,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Ameriprise Financial Inc. bought a new stake in shares of Lightspeed Commerce in the fourth quarter worth about $24,334,000. D. E. Shaw & Co. Inc. increased its holdings in shares of Lightspeed Commerce by 304.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 397,752 shares of the company's stock worth $6,061,000 after acquiring an additional 299,482 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of Lightspeed Commerce by 156.9% in the fourth quarter. Mackenzie Financial Corp now owns 360,221 shares of the company's stock worth $5,487,000 after acquiring an additional 220,000 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Lightspeed Commerce by 99.2% in the fourth quarter. Point72 Asset Management L.P. now owns 422,900 shares of the company's stock worth $6,441,000 after acquiring an additional 210,630 shares in the last quarter. Finally, Louisbourg Investments Inc. increased its holdings in shares of Lightspeed Commerce by 36.2% in the first 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 in the last quarter. Institutional investors and hedge funds own 68.68% of the company's stock.

Lightspeed Commerce Stock Performance

Shares of NYSE LSPD opened at $11.81 on Friday. The stock has a 50 day moving average price of $12.29 and a 200 day moving average price of $11.10. Lightspeed Commerce Inc. has a 52 week low of $7.34 and a 52 week high of $18.96. 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 capitalization of $1.60 billion, a PE ratio of -2.62, a price-to-earnings-growth ratio of 22.42 and a beta of 2.48.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $304.94 million for the quarter, compared to the consensus estimate of $287.28 million. During the same quarter in the previous year, the business posted $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 fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LSPD. Benchmark increased their target price on Lightspeed Commerce from $16.00 to $18.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Truist Financial increased their target price on Lightspeed Commerce from $11.00 to $12.00 and gave the stock a "hold" rating in a report on Thursday, July 17th. Stifel Nicolaus increased their target price on Lightspeed Commerce from $12.00 to $14.00 and gave the stock a "hold" rating in a report on Friday, August 1st. National Bankshares increased their target price on Lightspeed Commerce from $13.00 to $15.00 and gave the stock a "sector perform" rating in a report on Friday, August 1st. Finally, Scotiabank increased their target price on Lightspeed Commerce from $10.00 to $12.00 and gave the stock a "sector perform" rating in a report on Monday, July 28th. Five investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $14.53.

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.

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