Lightspeed Commerce (NYSE:LSPD) Issues Quarterly Earnings Results

Lightspeed Commerce (NYSE:LSPD) issued its quarterly earnings results on Thursday. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01, reports. The company had revenue of $277.18 million during the quarter, compared to analysts’ expectations of $273.90 million. Lightspeed Commerce had a negative return on equity of 0.99% and a negative net margin of 15.55%. Lightspeed Commerce updated its FY 2025 guidance to EPS and its Q3 2025 guidance to EPS.

Lightspeed Commerce Trading Up 0.7 %

LSPD opened at $17.07 on Friday. Lightspeed Commerce has a 52 week low of $11.01 and a 52 week high of $21.71. The company has a quick ratio of 6.06, a current ratio of 6.19 and a debt-to-equity ratio of 0.01. The stock’s fifty day moving average is $14.82 and its two-hundred day moving average is $14.09. The company has a market capitalization of $2.59 billion, a P/E ratio of -17.42, a PEG ratio of 9.93 and a beta of 2.35.

Analysts Set New Price Targets

A number of research firms recently weighed in on LSPD. BMO Capital Markets upped their target price on shares of Lightspeed Commerce from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Wells Fargo & Company dropped their price target on Lightspeed Commerce from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 31st. Jefferies Financial Group reduced their price objective on shares of Lightspeed Commerce from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, August 21st. Benchmark increased their target price on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday. Finally, TD Securities boosted their price objective on Lightspeed Commerce from $15.00 to $19.00 and gave the stock a “hold” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $19.75.

Hedge Funds Weigh In On Lightspeed Commerce

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Westfield Capital Management Co. LP purchased a new position in shares of Lightspeed Commerce in the 1st quarter valued at $34,984,000. Intact Investment Management Inc. raised its holdings in Lightspeed Commerce by 10,117.5% in the third quarter. Intact Investment Management Inc. now owns 877,680 shares of the company’s stock worth $14,473,000 after purchasing an additional 869,090 shares in the last quarter. NewGen Asset Management Ltd purchased a new stake in shares of Lightspeed Commerce during the second quarter valued at about $9,241,000. Marshall Wace LLP boosted its holdings in shares of Lightspeed Commerce by 306.5% in the 2nd quarter. Marshall Wace LLP now owns 807,219 shares of the company’s stock valued at $11,051,000 after buying an additional 608,661 shares in the last quarter. Finally, 1832 Asset Management L.P. raised its stake in shares of Lightspeed Commerce by 345,464.1% during the 2nd quarter. 1832 Asset Management L.P. now owns 404,310 shares of the company’s stock worth $5,535,000 after acquiring an additional 404,193 shares in the last quarter. 68.68% of the stock is currently owned by institutional investors.

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.