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

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company increased its holdings 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 valued at $1,795,000 after purchasing an additional 3,785 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in Lightspeed Commerce in the 4th quarter valued at approximately $24,334,000. D. E. Shaw & Co. Inc. increased its holdings in Lightspeed Commerce by 304.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 397,752 shares of the company's stock valued at $6,061,000 after purchasing an additional 299,482 shares during the last quarter. Deutsche Bank AG increased its holdings in Lightspeed Commerce by 178.6% in the 4th quarter. Deutsche Bank AG now owns 24,998 shares of the company's stock valued at $381,000 after purchasing an additional 16,025 shares during the last quarter. Finally, LMR Partners LLP increased its holdings in Lightspeed Commerce by 51.9% in the 4th quarter. LMR Partners LLP now owns 224,822 shares of the company's stock valued at $3,424,000 after purchasing an additional 76,822 shares during the last quarter. Institutional investors and hedge funds own 68.68% of the company's stock.

Lightspeed Commerce Stock Up 0.5%

Shares of LSPD stock traded up $0.06 on Friday, reaching $11.86. 342,144 shares of the stock were exchanged, compared to its average volume of 445,745. The company has a current ratio of 4.60, a quick ratio of 4.50 and a debt-to-equity ratio of 0.01. The business's 50 day moving average price is $12.29 and its 200 day moving average price is $11.08. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of -2.63, a PEG ratio of 22.69 and a beta of 2.48. Lightspeed Commerce Inc. has a twelve month low of $7.34 and a twelve month high of $18.96.

Lightspeed Commerce (NYSE:LSPD - Get Free Report) last issued its 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). The firm had revenue of $304.94 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter 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. As a group, sell-side analysts expect that Lightspeed Commerce Inc. will post 0.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LSPD. National Bankshares lifted their target price on shares of Lightspeed Commerce from $13.00 to $15.00 and gave the company a "sector perform" rating in a report on Friday, August 1st. Barclays lifted their target price on shares of Lightspeed Commerce from $12.00 to $15.00 and gave the company an "equal weight" rating in a 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 company an "equal weight" rating in a report on Wednesday, August 20th. Benchmark boosted their price target on shares of Lightspeed Commerce from $16.00 to $18.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, Scotiabank boosted their price target on shares of Lightspeed Commerce from $10.00 to $12.00 and gave the stock a "sector perform" rating in a research note on Monday, July 28th. Five analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $14.53.

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.