Lightspeed Commerce Inc. $LSPD is Wishbone Management LP’s 5th Largest Position

Wishbone Management LP lessened its stake in shares of Lightspeed Commerce Inc. (NYSE:LSPD) by 31.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,800,000 shares of the company’s stock after selling 1,298,304 shares during the period. Lightspeed Commerce accounts for approximately 14.4% of Wishbone Management LP’s holdings, making the stock its 5th biggest position. Wishbone Management LP owned 2.06% of Lightspeed Commerce worth $33,824,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Lightspeed Commerce by 28.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,752,669 shares of the company’s stock valued at $31,778,000 after purchasing an additional 613,369 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Lightspeed Commerce by 151.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,148,959 shares of the company’s stock valued at $18,803,000 after purchasing an additional 1,295,469 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Lightspeed Commerce by 5.2% during the 3rd quarter. Bank of America Corp DE now owns 1,971,125 shares of the company’s stock valued at $22,766,000 after purchasing an additional 97,183 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Lightspeed Commerce by 0.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,948,620 shares of the company’s stock valued at $22,507,000 after purchasing an additional 9,503 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Lightspeed Commerce by 3.9% during the 3rd quarter. Bank of Montreal Can now owns 1,839,750 shares of the company’s stock valued at $21,239,000 after purchasing an additional 69,018 shares during the last quarter. Institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Stock Down 0.9%

Shares of NYSE:LSPD opened at $9.64 on Friday. The company has a current ratio of 4.28, a quick ratio of 4.18 and a debt-to-equity ratio of 0.01. Lightspeed Commerce Inc. has a 12 month low of $7.83 and a 12 month high of $14.34. The company has a 50-day moving average price of $9.21 and a 200 day moving average price of $10.08. The company has a market cap of $1.32 billion, a price-to-earnings ratio of -9.35, a PEG ratio of 1.83 and a beta of 1.92.

Lightspeed Commerce (NYSE:LSPD) last announced its quarterly earnings results on Thursday, May 21st. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). Lightspeed Commerce had a negative net margin of 11.77% and a positive return on equity of 0.32%. The business had revenue of $290.80 million during the quarter, compared to the consensus estimate of $282.87 million. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. As a group, equities research analysts predict that Lightspeed Commerce Inc. will post 0.3 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Royal Bank Of Canada dropped their price objective on shares of Lightspeed Commerce from $13.00 to $10.00 and set an “outperform” rating for the company in a report on Friday, May 22nd. BTIG Research dropped their price objective on shares of Lightspeed Commerce from $15.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Truist Financial dropped their price objective on shares of Lightspeed Commerce from $11.00 to $10.00 and set a “hold” rating for the company in a report on Thursday, May 28th. Stifel Nicolaus dropped their price objective on shares of Lightspeed Commerce from $12.00 to $10.00 and set a “hold” rating for the company in a report on Friday, May 22nd. Finally, Bank of America assumed coverage on shares of Lightspeed Commerce in a report on Tuesday, May 19th. They set an “underperform” rating and a $10.00 price objective for the company. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $11.27.

Lightspeed Commerce Profile

Lightspeed Commerce Inc is a Canadian technology company that develops cloud-based point-of-sale (POS) and e-commerce software for small and medium-sized businesses across the retail and hospitality sectors. Its integrated platform enables merchants to manage sales, inventory, customer relationships and analytics through a single interface. By combining in-store and online channels, Lightspeed helps businesses streamline operations and improve customer engagement in an increasingly omnichannel marketplace.

The company’s product suite includes POS terminals, payment processing services, inventory management tools, customer loyalty programs and data reporting dashboards.