5,524,591 Shares in Lightspeed Commerce Inc. $LSPD Bought by Pale Fire Capital SE

Pale Fire Capital SE bought a new position in shares of Lightspeed Commerce Inc. (NYSE:LSPD) in the first quarter, HoldingsChannel.com reports. The firm bought 5,524,591 shares of the company’s stock, valued at approximately $49,500,000. Lightspeed Commerce comprises about 4.2% of Pale Fire Capital SE’s portfolio, making the stock its 8th largest position.

Other hedge funds also recently bought and sold shares of the company. Invesco Ltd. grew its position in shares of Lightspeed Commerce by 2.9% in the second quarter. Invesco Ltd. now owns 29,567 shares of the company’s stock valued at $346,000 after purchasing an additional 835 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in shares of Lightspeed Commerce by 4.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 25,118 shares of the company’s stock worth $303,000 after purchasing an additional 1,148 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Lightspeed Commerce by 15.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 16,902 shares of the company’s stock worth $198,000 after purchasing an additional 2,314 shares during the last quarter. Swiss National Bank boosted its stake in Lightspeed Commerce by 1.6% during the 4th quarter. Swiss National Bank now owns 246,200 shares of the company’s stock valued at $2,977,000 after purchasing an additional 3,900 shares during the period. Finally, Plato Investment Management Ltd boosted its stake in Lightspeed Commerce by 880.0% during the 4th quarter. Plato Investment Management Ltd now owns 5,292 shares of the company’s stock valued at $64,000 after purchasing an additional 4,752 shares during the period. 68.68% of the stock is currently owned by institutional investors.

Lightspeed Commerce Trading Up 3.5%

Shares of LSPD opened at $9.90 on Friday. The stock’s 50-day moving average price is $9.72 and its 200 day moving average price is $9.72. The company has a quick ratio of 4.18, a current ratio of 4.28 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of -9.62, a P/E/G ratio of 1.46 and a beta of 1.88. Lightspeed Commerce Inc. has a 12-month low of $7.83 and a 12-month high of $14.34.

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

Analysts Set New Price Targets

LSPD has been the topic of several recent analyst reports. UBS Group dropped their price target on Lightspeed Commerce from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Friday, May 22nd. Morgan Stanley lowered their price objective on shares of Lightspeed Commerce from $13.50 to $11.50 and set an “equal weight” rating on the stock in a research note on Friday, May 22nd. BTIG Research dropped their target price on shares of Lightspeed Commerce from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Truist Financial cut their target price on shares of Lightspeed Commerce from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Thursday, May 28th. Finally, Bank of America started coverage on shares of Lightspeed Commerce in a report on Tuesday, May 19th. They issued an “underperform” rating and a $10.00 price target for the company. Four investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $11.27.

About Lightspeed Commerce

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.