Wishbone Management LP Makes New $32.16 Million Investment in Lightspeed Commerce Inc. $LSPD

Key Points

• Wishbone Management LP has made a new investment of approximately $32.16 million in Lightspeed Commerce Inc., acquiring 3,675,000 shares, which represents about 19.3% of its total holdings.
• Lightspeed Commerce reported a loss of $0.05 per share in its latest earnings, missing analysts' expectations, but achieved a revenue increase of 14.6% year-over-year.
• Institutional investors hold roughly 68.68% of Lightspeed Commerce's stock, indicating strong interest from hedge funds and investment firms.

Wishbone Management LP acquired a new stake in shares of Lightspeed Commerce Inc. (NYSE:LSPD - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,675,000 shares of the company's stock, valued at approximately $32,156,000. Lightspeed Commerce comprises approximately 19.3% of Wishbone Management LP's holdings, making the stock its 3rd biggest holding. Wishbone Management LP owned about 2.40% of Lightspeed Commerce as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in LSPD. The Manufacturers Life Insurance Company lifted its position in Lightspeed Commerce by 3.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 117,584 shares of the company's stock worth $1,795,000 after acquiring an additional 3,785 shares during the period. Ameriprise Financial Inc. acquired a new position in shares of Lightspeed Commerce in the fourth quarter valued at about $24,334,000. D. E. Shaw & Co. Inc. raised its stake 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 purchasing an additional 299,482 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Lightspeed Commerce by 178.6% during the fourth quarter. Deutsche Bank AG now owns 24,998 shares of the company's stock worth $381,000 after purchasing an additional 16,025 shares during the period. Finally, LMR Partners LLP lifted its holdings in shares of Lightspeed Commerce by 51.9% during the fourth quarter. LMR Partners LLP now owns 224,822 shares of the company's stock worth $3,424,000 after purchasing an additional 76,822 shares during the period. 68.68% of the stock is owned by institutional investors and hedge funds.

Lightspeed Commerce Price Performance

Shares of NYSE LSPD opened at $12.12 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.60 and a quick ratio of 4.50. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of -2.69, a PEG ratio of 23.41 and a beta of 2.48. The firm's 50 day simple moving average is $12.28 and its 200-day simple moving average is $11.09. Lightspeed Commerce Inc. has a 12 month low of $7.34 and a 12 month high of $18.96.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last announced its quarterly 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). The firm had revenue of $304.94 million for 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%.The business's quarterly revenue was up 14.6% on a year-over-year basis. During the same period last year, the company posted $0.10 earnings per share. Lightspeed Commerce has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Analysts expect that Lightspeed Commerce Inc. will post 0.08 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on LSPD shares. Morgan Stanley increased their price target on shares of Lightspeed Commerce from $12.00 to $14.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 20th. Truist Financial upped their price objective on shares of Lightspeed Commerce from $11.00 to $12.00 and gave the company a "hold" rating in a report on Thursday, July 17th. Stifel Nicolaus increased their price objective on shares of Lightspeed Commerce from $12.00 to $14.00 and gave the stock a "hold" rating in a research note on Friday, August 1st. Barclays raised their target price on shares of Lightspeed Commerce from $12.00 to $15.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Finally, National Bankshares boosted their target price on shares of Lightspeed Commerce from $13.00 to $15.00 and gave the company a "sector perform" 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price 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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