Cidel Asset Management Inc. Trims Stake in Lightspeed Commerce Inc. $LSPD

Cidel Asset Management Inc. reduced its holdings in shares of Lightspeed Commerce Inc. (NYSE:LSPD) by 4.0% in the second quarter, Holdings Channel reports. The institutional investor owned 38,929 shares of the company’s stock after selling 1,605 shares during the period. Cidel Asset Management Inc.’s holdings in Lightspeed Commerce were worth $456,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Montrusco Bolton Investments Inc. purchased a new stake in shares of Lightspeed Commerce in the second quarter worth $457,000. Anson Funds Management LP purchased a new stake in shares of Lightspeed Commerce in the first quarter worth $876,000. Palogic Value Management L.P. increased its stake in shares of Lightspeed Commerce by 179.3% in the first quarter. Palogic Value Management L.P. now owns 240,000 shares of the company’s stock worth $2,100,000 after purchasing an additional 154,071 shares in the last quarter. Wishbone Management LP purchased a new stake in shares of Lightspeed Commerce in the first quarter worth $32,156,000. Finally, Goldman Sachs Group Inc. increased 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 purchasing an additional 1,295,469 shares in the last quarter. 68.68% of the stock is owned by hedge funds and other institutional investors.

Lightspeed Commerce Price Performance

Shares of NYSE:LSPD opened at $11.35 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.50 and a current ratio of 4.60. The firm has a fifty day moving average price of $11.97 and a 200 day moving average price of $11.32. Lightspeed Commerce Inc. has a fifty-two week low of $7.34 and a fifty-two week high of $18.96. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of -2.52, a P/E/G ratio of 13.17 and a beta of 2.45.

Lightspeed Commerce (NYSE:LSPD) last issued its earnings results on Thursday, July 31st. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $304.94 million for the quarter, compared to the consensus estimate of $287.28 million. During the same quarter in the prior year, the company posted $0.10 EPS. Lightspeed Commerce’s revenue was up 14.6% compared to the same quarter last year. Lightspeed Commerce has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. As a group, sell-side analysts expect that Lightspeed Commerce Inc. will post 0.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

LSPD has been the subject of a number of analyst reports. Benchmark increased their price objective on shares of Lightspeed Commerce from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Barclays increased their price objective on shares of Lightspeed Commerce from $12.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. Royal Bank Of Canada set a $15.00 price objective on shares of Lightspeed Commerce and gave the stock an “outperform” rating in a research note on Wednesday, September 17th. National Bankshares upped their target price on shares of Lightspeed Commerce from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research report on Friday, August 1st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lightspeed Commerce in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $13.70.

Lightspeed Commerce 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.