Public Employees Retirement System of Ohio Makes New Investment in Lightspeed Commerce Inc. $LSPD

Public Employees Retirement System of Ohio purchased a new stake in shares of Lightspeed Commerce Inc. (NYSE:LSPD) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 51,565 shares of the company’s stock, valued at approximately $540,000.

Several other large investors have also made changes to their positions in the business. Headlands Technologies LLC purchased a new stake in shares of Lightspeed Commerce during the second quarter worth about $92,000. Amundi purchased a new position in Lightspeed Commerce in the 1st quarter worth approximately $121,000. 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. Aigen Investment Management LP bought a new position in Lightspeed Commerce in the 4th quarter worth approximately $125,000. Finally, Brooklyn Investment Group bought a new position in Lightspeed Commerce in the 4th quarter worth approximately $132,000. 68.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LSPD. Benchmark cut their price objective on shares of Lightspeed Commerce from $18.00 to $16.00 and set a “buy” rating for the company in a report on Friday, May 22nd. National Bank Financial dropped their target price on shares of Lightspeed Commerce from $15.00 to $11.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th. Morgan Stanley dropped their target price on shares of Lightspeed Commerce from $13.50 to $11.50 and set an “equal weight” rating for the company in a research report on Friday, May 22nd. Scotiabank cut their target price on shares of Lightspeed Commerce from $12.00 to $10.00 and set a “sector perform” rating for the company in a research note on Monday, May 25th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lightspeed Commerce in a report on Friday, July 17th. Four equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $11.54.

Lightspeed Commerce Price Performance

Shares of Lightspeed Commerce stock opened at $9.76 on Friday. The firm has a market cap of $1.34 billion, a PE ratio of -13.94, a PEG ratio of 1.05 and a beta of 1.84. The stock has a 50 day moving average of $10.37 and a 200 day moving average of $9.65. The company has a current ratio of 3.55, a quick ratio of 3.45 and a debt-to-equity ratio of 0.01. Lightspeed Commerce Inc. has a 12 month low of $7.83 and a 12 month high of $13.72.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.02. The business had revenue of $322.70 million for the quarter, compared to analysts’ expectations of $310.58 million. Lightspeed Commerce had a positive return on equity of 1.06% and a negative net margin of 7.81%.The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 EPS. On average, research analysts expect that Lightspeed Commerce Inc. will post 0.31 EPS for the current fiscal year.

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.