Cidel Asset Management Inc. Sells 1,605 Shares of Lightspeed Commerce Inc. $LSPD

Cidel Asset Management Inc. lowered its holdings in shares of Lightspeed Commerce Inc. (NYSE:LSPD) by 4.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LSPD. Moloney Securities Asset Management LLC bought a new position in shares of Lightspeed Commerce in the first quarter worth approximately $428,000. ANTIPODES PARTNERS Ltd bought a new position in shares of Lightspeed Commerce in the first quarter worth approximately $259,000. Tempus Wealth Planning LLC bought a new position in shares of Lightspeed Commerce in the first quarter worth approximately $119,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Lightspeed Commerce by 12.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 34,846 shares of the company’s stock worth $305,000 after buying an additional 3,786 shares in the last quarter. Finally, BIT Capital GmbH bought a new position in shares of Lightspeed Commerce in the first quarter worth approximately $150,000. Institutional investors own 68.68% of the company’s stock.

Wall Street Analysts Forecast Growth

LSPD has been the topic of several analyst reports. Stifel Nicolaus upped their target price on shares of Lightspeed Commerce from $12.00 to $14.00 and gave the stock a “hold” rating in a research note on Friday, August 1st. Barclays upped their target price 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. Morgan Stanley upped their target price on shares of Lightspeed Commerce from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 20th. Benchmark increased their price objective on shares of Lightspeed Commerce from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, Royal Bank Of Canada set a $15.00 price objective on shares of Lightspeed Commerce and gave the company an “outperform” rating in a research report on Wednesday, September 17th. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $13.70.

Lightspeed Commerce Stock Up 1.7%

Shares of Lightspeed Commerce stock opened at $11.35 on Monday. The company has a market cap of $1.53 billion, a price-to-earnings ratio of -2.52, a price-to-earnings-growth ratio of 13.17 and a beta of 2.45. The company’s 50 day moving average is $11.97 and its 200 day moving average is $11.32. Lightspeed Commerce Inc. has a twelve month low of $7.34 and a twelve month high of $18.96. The company has a quick ratio of 4.50, a current ratio of 4.60 and a debt-to-equity ratio of 0.01.

Lightspeed Commerce (NYSE:LSPD) last announced its earnings results on Thursday, July 31st. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). Lightspeed Commerce had a negative net margin of 61.11% and a positive return on equity of 0.33%. The business had revenue of $304.94 million for the quarter, compared to analysts’ expectations of $287.28 million. During the same period in the prior year, the company posted $0.10 earnings per share. The firm’s quarterly revenue was up 14.6% on a year-over-year basis. Lightspeed Commerce has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Research analysts anticipate that Lightspeed Commerce Inc. will post 0.08 EPS 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.