Lightspeed Commerce (NYSE:LSPD) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Lightspeed Commerce (NYSE:LSPD) posted its quarterly earnings results on Thursday. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01, reports. Lightspeed Commerce had a negative return on equity of 0.99% and a negative net margin of 15.55%. The firm had revenue of $277.18 million during the quarter, compared to analysts’ expectations of $273.90 million. Lightspeed Commerce updated its FY 2025 guidance to EPS and its Q3 2025 guidance to EPS.

Lightspeed Commerce Trading Up 0.7 %

LSPD opened at $17.07 on Friday. The firm has a 50 day simple moving average of $14.82 and a 200 day simple moving average of $14.09. Lightspeed Commerce has a fifty-two week low of $11.01 and a fifty-two week high of $21.71. The company has a market cap of $2.59 billion, a price-to-earnings ratio of -17.42, a price-to-earnings-growth ratio of 9.93 and a beta of 2.35. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.19 and a quick ratio of 6.06.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LSPD. Benchmark upped their price objective on Lightspeed Commerce from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Friday. Jefferies Financial Group dropped their price objective on Lightspeed Commerce from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, August 21st. TD Securities boosted their target price on shares of Lightspeed Commerce from $15.00 to $19.00 and gave the company a “hold” rating in a research note on Friday. BTIG Research reiterated a “buy” rating and set a $21.00 target price on shares of Lightspeed Commerce in a research report on Thursday, September 26th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Lightspeed Commerce from $20.00 to $26.00 in a research report on Friday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $19.75.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. 1832 Asset Management L.P. grew its holdings in Lightspeed Commerce by 345,464.1% during the second quarter. 1832 Asset Management L.P. now owns 404,310 shares of the company’s stock valued at $5,535,000 after purchasing an additional 404,193 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in shares of Lightspeed Commerce in the 2nd quarter valued at $956,000. Intact Investment Management Inc. grew its holdings in shares of Lightspeed Commerce by 10,117.5% in the 3rd quarter. Intact Investment Management Inc. now owns 877,680 shares of the company’s stock valued at $14,473,000 after buying an additional 869,090 shares during the period. Harbor Capital Advisors Inc. increased its position in shares of Lightspeed Commerce by 297.6% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 90,296 shares of the company’s stock valued at $1,236,000 after buying an additional 67,584 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in Lightspeed Commerce by 306.5% during the 2nd quarter. Marshall Wace LLP now owns 807,219 shares of the company’s stock worth $11,051,000 after buying an additional 608,661 shares during the period. 68.68% of the stock is currently owned by institutional investors.

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.