TD Asset Management Inc Sells 4,231 Shares of Lightspeed Commerce Inc. $LSPD

TD Asset Management Inc trimmed its stake in shares of Lightspeed Commerce Inc. (NYSE:LSPD) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 387,925 shares of the company’s stock after selling 4,231 shares during the quarter. TD Asset Management Inc’s holdings in Lightspeed Commerce were worth $4,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Montrusco Bolton Investments Inc. bought a new position in Lightspeed Commerce during the 2nd quarter worth approximately $457,000. Anson Funds Management LP bought a new position in Lightspeed Commerce during the 1st quarter valued at approximately $876,000. Palogic Value Management L.P. raised its position in Lightspeed Commerce by 179.3% during the 1st quarter. Palogic Value Management L.P. now owns 240,000 shares of the company’s stock valued at $2,100,000 after purchasing an additional 154,071 shares during the last quarter. Wishbone Management LP bought a new position in Lightspeed Commerce during the 1st quarter valued at approximately $32,156,000. Finally, Goldman Sachs Group Inc. raised its position in 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. 68.68% of the stock is currently owned by institutional investors.

Lightspeed Commerce Stock Up 3.0%

Shares of NYSE:LSPD opened at $11.69 on Tuesday. Lightspeed Commerce Inc. has a 52-week low of $7.34 and a 52-week high of $18.96. The firm has a market capitalization of $1.58 billion, a P/E ratio of -2.60, a P/E/G ratio of 13.17 and a beta of 2.45. The stock has a 50 day moving average price of $11.97 and a 200-day moving average price of $11.34. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.50 and a current ratio of 4.60.

Lightspeed Commerce (NYSE:LSPD) last announced its earnings results on Thursday, July 31st. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $287.28 million. During the same period in the prior year, the company posted $0.10 EPS. The firm’s revenue 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. As a group, equities research analysts anticipate that Lightspeed Commerce Inc. will post 0.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LSPD shares. Royal Bank Of Canada set a $15.00 price target on Lightspeed Commerce and gave the company an “outperform” rating in a research report on Wednesday, September 17th. Truist Financial upped their price target on Lightspeed Commerce from $11.00 to $12.00 and gave the company a “hold” rating in a research report on Thursday, July 17th. Morgan Stanley upped their price target on Lightspeed Commerce from $12.00 to $14.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 20th. Scotiabank upped their price target on Lightspeed Commerce from $10.00 to $12.00 and gave the company a “sector perform” rating in a research report on Monday, July 28th. Finally, National Bankshares upped their price target 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. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $13.70.

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.