ANTIPODES PARTNERS Ltd Reduces Position in Lightspeed Commerce Inc. $LSPD

ANTIPODES PARTNERS Ltd trimmed its holdings in Lightspeed Commerce Inc. (NYSE:LSPD) by 10.4% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,030,961 shares of the company’s stock after selling 119,266 shares during the quarter. ANTIPODES PARTNERS Ltd owned about 0.76% of Lightspeed Commerce worth $11,908,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Goldman Sachs Group Inc. grew its stake in shares of Lightspeed Commerce by 151.8% in the first quarter. Goldman Sachs Group Inc. now owns 2,148,959 shares of the company’s stock worth $18,803,000 after acquiring an additional 1,295,469 shares during the period. Moloney Securities Asset Management LLC boosted its holdings in Lightspeed Commerce by 17.4% in the second quarter. Moloney Securities Asset Management LLC now owns 57,454 shares of the company’s stock worth $673,000 after purchasing an additional 8,500 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Lightspeed Commerce by 25.9% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 14,096 shares of the company’s stock worth $165,000 after purchasing an additional 2,899 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Lightspeed Commerce by 43.7% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,139,300 shares of the company’s stock worth $25,121,000 after purchasing an additional 650,200 shares during the period. Finally, Geode Capital Management LLC raised its stake in Lightspeed Commerce by 8.1% during the 2nd quarter. Geode Capital Management LLC now owns 78,301 shares of the company’s stock valued at $922,000 after buying an additional 5,834 shares during the last quarter. Institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Stock Down 0.1%

LSPD stock opened at $9.37 on Friday. The business’s 50-day moving average price is $11.09 and its 200-day moving average price is $11.64. The stock has a market cap of $1.29 billion, a P/E ratio of -2.03, a PEG ratio of 11.03 and a beta of 2.07. The company has a quick ratio of 4.44, a current ratio of 4.52 and a debt-to-equity ratio of 0.01. Lightspeed Commerce Inc. has a twelve month low of $7.34 and a twelve month high of $14.34.

Lightspeed Commerce (NYSE:LSPD) last released its earnings results on Thursday, February 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.02. Lightspeed Commerce had a negative net margin of 58.15% and a positive return on equity of 0.37%. The company had revenue of $312.35 million during the quarter, compared to analyst estimates of $311.28 million. During the same period in the prior year, the firm posted $0.12 EPS. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. On average, equities research analysts forecast that Lightspeed Commerce Inc. will post 0.08 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LSPD. Weiss Ratings restated a “sell (d-)” rating on shares of Lightspeed Commerce in a research note on Thursday, January 22nd. Royal Bank Of Canada dropped their target price on Lightspeed Commerce from $15.00 to $13.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Zacks Research downgraded Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. BTIG Research lowered their price objective on shares of Lightspeed Commerce from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. Finally, Barclays cut their target price on shares of Lightspeed Commerce from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday, January 12th. Five research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $13.33.

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.