ANTIPODES PARTNERS Ltd Sells 119,266 Shares of Lightspeed Commerce Inc. $LSPD

ANTIPODES PARTNERS Ltd lessened its holdings in Lightspeed Commerce Inc. (NYSE:LSPD) by 10.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,030,961 shares of the company’s stock after selling 119,266 shares during the period. ANTIPODES PARTNERS Ltd’s holdings in Lightspeed Commerce were worth $11,908,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Headlands Technologies LLC bought a new position in shares of Lightspeed Commerce in the second quarter worth about $92,000. Russell Investments Group Ltd. lifted its holdings in Lightspeed Commerce by 106.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 10,386 shares of the company’s stock worth $122,000 after purchasing an additional 5,354 shares in the last quarter. Magnetar Financial LLC bought a new position in Lightspeed Commerce in the 2nd quarter worth approximately $156,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Lightspeed Commerce by 25.9% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 14,096 shares of the company’s stock valued at $165,000 after buying an additional 2,899 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Lightspeed Commerce by 2.9% during the 2nd quarter. Invesco Ltd. now owns 29,567 shares of the company’s stock valued at $346,000 after buying an additional 835 shares in the last quarter. 68.68% of the stock is owned by institutional investors.

Lightspeed Commerce Trading Down 0.1%

LSPD opened at $9.37 on Friday. The stock has a 50-day moving average of $11.09 and a 200 day moving average of $11.64. The company has a current ratio of 4.52, a quick ratio of 4.44 and a debt-to-equity ratio of 0.01. Lightspeed Commerce Inc. has a 12 month low of $7.34 and a 12 month high of $14.34. The firm has a market cap of $1.29 billion, a P/E ratio of -2.03, a P/E/G ratio of 11.03 and a beta of 2.07.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The business had revenue of $312.35 million for the quarter, compared to the consensus estimate of $311.28 million. Lightspeed Commerce had a positive return on equity of 0.37% and a negative net margin of 58.15%.The company’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.12 earnings per share. As a group, research analysts forecast that Lightspeed Commerce Inc. will post 0.08 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on LSPD shares. Zacks Research downgraded shares of Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Truist Financial decreased their price target on shares of Lightspeed Commerce from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, February 11th. BTIG Research dropped their price objective on shares of Lightspeed Commerce from $16.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Lightspeed Commerce in a research report on Thursday, January 22nd. Finally, TD Securities upgraded Lightspeed Commerce to a “hold” rating in a research report on Thursday, January 15th. Five equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $13.33.

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.