Public Employees Retirement System of Ohio Invests $540,000 in Lightspeed Commerce Inc. $LSPD

Public Employees Retirement System of Ohio acquired a new stake in shares of Lightspeed Commerce Inc. (NYSE:LSPD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 51,565 shares of the company’s stock, valued at approximately $540,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its holdings in Lightspeed Commerce by 151.8% in the first quarter. Goldman Sachs Group Inc. now owns 2,148,959 shares of the company’s stock worth $18,803,000 after purchasing an additional 1,295,469 shares during the last quarter. Geode Capital Management LLC raised its stake in Lightspeed Commerce by 8.1% during the 2nd quarter. Geode Capital Management LLC now owns 78,301 shares of the company’s stock valued at $922,000 after buying an additional 5,834 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Lightspeed Commerce by 106.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 10,386 shares of the company’s stock valued at $122,000 after buying an additional 5,354 shares during the period. Norges Bank bought a new position in shares of Lightspeed Commerce during the 2nd quarter valued at $743,000. Finally, Invesco Ltd. boosted its stake in shares of Lightspeed Commerce by 2.9% in the 2nd quarter. Invesco Ltd. now owns 29,567 shares of the company’s stock worth $346,000 after buying an additional 835 shares during the last quarter. Institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Stock Performance

Shares of LSPD opened at $9.76 on Friday. The business has a 50-day simple moving average of $10.37 and a two-hundred day simple moving average of $9.65. The company has a quick ratio of 3.45, a current ratio of 3.55 and a debt-to-equity ratio of 0.01. Lightspeed Commerce Inc. has a 52 week low of $7.83 and a 52 week high of $13.72. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of -13.94, a PEG ratio of 1.05 and a beta of 1.84.

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

Wall Street Analyst Weigh In

A number of research firms recently commented on LSPD. UBS Group reduced their price objective on Lightspeed Commerce from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, May 22nd. National Bank Financial dropped their target price on Lightspeed Commerce from $15.00 to $11.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 27th. Morgan Stanley cut their price target on Lightspeed Commerce from $13.50 to $11.50 and set an “equal weight” rating for the company in a research note on Friday, May 22nd. BMO Capital Markets reduced their price target on shares of Lightspeed Commerce from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Monday, May 25th. Finally, Bank of America assumed coverage on shares of Lightspeed Commerce in a research report on Tuesday, May 19th. They set an “underperform” rating and a $10.00 price target for the company. Four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $11.54.

Lightspeed Commerce Profile

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.