Bank of Montreal Can Lowers Position in Lightspeed Commerce Inc. $LSPD

Bank of Montreal Can trimmed its position in shares of Lightspeed Commerce Inc. (NYSE:LSPD) by 12.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,770,732 shares of the company’s stock after selling 244,011 shares during the quarter. Bank of Montreal Can owned 1.29% of Lightspeed Commerce worth $20,793,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Lightspeed Commerce by 0.7% during the first quarter. Vanguard Group Inc. now owns 5,372,421 shares of the company’s stock valued at $47,004,000 after purchasing an additional 39,115 shares in the last quarter. Wishbone Management LP bought a new stake in Lightspeed Commerce in the 1st quarter worth about $32,156,000. Goldman Sachs Group Inc. increased its stake in Lightspeed Commerce by 151.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,148,959 shares of the company’s stock valued at $18,803,000 after buying an additional 1,295,469 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Lightspeed Commerce by 9.8% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,489,100 shares of the company’s stock worth $13,030,000 after buying an additional 132,500 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd lifted its position in shares of Lightspeed Commerce by 3,784.7% during the 2nd quarter. ANTIPODES PARTNERS Ltd now owns 1,150,227 shares of the company’s stock worth $13,472,000 after buying an additional 1,120,618 shares in the last quarter. Institutional investors own 68.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on LSPD shares. Truist Financial increased 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. Stifel Nicolaus upped their price objective on Lightspeed Commerce from $12.00 to $14.00 and gave the company a “hold” rating in a research note on Friday, August 1st. Barclays raised their target price on Lightspeed Commerce from $12.00 to $15.00 and gave the company an “equal weight” rating in a research report on Friday, August 1st. Morgan Stanley lifted their target price on Lightspeed Commerce from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 20th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lightspeed Commerce in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $13.57.

Lightspeed Commerce Stock Down 2.6%

LSPD stock opened at $13.09 on Friday. The stock has a fifty day moving average of $11.96 and a 200-day moving average of $11.64. Lightspeed Commerce Inc. has a fifty-two week low of $7.34 and a fifty-two week high of $18.96. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of -2.88, a PEG ratio of 54.57 and a beta of 2.49. 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 released its quarterly earnings data on Thursday, November 6th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.11 by $0.05. The business had revenue of $318.96 million for the quarter, compared to the consensus estimate of $308.90 million. Lightspeed Commerce had a negative net margin of 59.16% and a positive return on equity of 0.37%. The company’s revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 earnings per share. Lightspeed Commerce has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, equities research analysts predict that Lightspeed Commerce Inc. will post 0.08 earnings per share for the current year.

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.