Royal Bank of Canada Trims Stake 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 trimmed its position in Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) by 39.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,290,956 shares of the company's stock after selling 824,327 shares during the period. Royal Bank of Canada owned approximately 0.84% of Lightspeed Commerce worth $11,295,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its position in Lightspeed Commerce by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 5,372,421 shares of the company's stock valued at $47,004,000 after buying an additional 39,115 shares during the last quarter. Nuveen Asset Management LLC raised its stake 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 valued at $48,009,000 after buying an additional 24,891 shares during the period. Ameriprise Financial Inc. bought a new stake in Lightspeed Commerce in the fourth quarter valued at approximately $24,334,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in Lightspeed Commerce by 9.8% during the first 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, Wellington Management Group LLP lifted its position in Lightspeed Commerce by 10.4% during the first quarter. Wellington Management Group LLP now owns 738,428 shares of the company's stock worth $6,461,000 after acquiring an additional 69,583 shares during the last quarter. 68.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on LSPD shares. Scotiabank boosted their target price on shares of Lightspeed Commerce from $10.00 to $12.00 and gave the company a "sector perform" rating in a research report on Monday, July 28th. Royal Bank Of Canada set a $15.00 price objective on Lightspeed Commerce and gave the stock an "outperform" rating in a research note on Wednesday. Morgan Stanley raised their target price on Lightspeed Commerce from $12.00 to $14.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 20th. National Bankshares boosted their target price on Lightspeed Commerce from $13.00 to $15.00 and gave the company a "sector perform" rating in a research report on Friday, August 1st. Finally, Barclays upped their target price on Lightspeed Commerce from $12.00 to $15.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Five investment 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. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $14.53.

Lightspeed Commerce Stock Performance

NYSE:LSPD traded up $0.28 during trading hours on Wednesday, reaching $12.65. The stock had a trading volume of 488,470 shares, compared to its average volume of 450,668. 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 50 day simple moving average of $12.33 and a 200 day simple moving average of $11.08. Lightspeed Commerce Inc. has a 12-month low of $7.34 and a 12-month high of $18.96. The stock has a market cap of $1.71 billion, a P/E ratio of -2.81, a price-to-earnings-growth ratio of 23.79 and a beta of 2.48.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.06 earnings per share (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 firm had revenue of $304.94 million during the quarter, compared to analysts' expectations of $287.28 million. During the same period in the prior year, the business earned $0.10 earnings per share. The business's quarterly revenue was up 14.6% compared to the same quarter last year. Lightspeed Commerce has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, research analysts forecast that Lightspeed Commerce Inc. will post 0.08 EPS 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.