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Lightspeed Commerce Inc, which provides cloud-based software solutions for small and midsize businesses, has 68.68% of its stock owned by institutional investors. Recent analyst ratings show a consensus "Hold" with a target price of $16.37, while shares traded at $9.04, reflecting a significant drop from their 52-week high of $18.96. The company reported a quarterly EPS of $0.03, missing estimates, and has seen mixed institutional investment activity, with some firms increasing their stakes.
Lightspeed Commerce Inc, which provides cloud-based software solutions for small and midsize businesses, has seen its stock price target lowered by several analysts, with Barclays setting it at $13.00, suggesting a potential upside of 38.81%. Currently, the stock holds a "Moderate Buy" consensus rating, with a market cap of $1.43 billion and a recent trading price of $9.37. Institutional investors own 68.68% of the stock, reflecting significant interest from hedge funds and investment firms.
Lightspeed Commerce Inc. offers a comprehensive commerce platform designed to assist merchants in streamlining operations and enhancing customer experiences. Its extensive product lineup includes Point of Sale systems, eCommerce solutions, inventory management, advanced marketing tools, and specialized software for golf course management. The company also provides various integrations and capital solutions to support business growth.
RedotPay has successfully closed a $40 million Series A funding round led by Lightspeed, with participation from HSG, Galaxy Ventures, and others. Founded in April 2023, the platform aims to bridge fiat and cryptocurrencies, serving over 3 million users globally and enhancing financial access for the unbanked. The new funding will accelerate product development, improve user experience, and expand regulatory compliance and licensing.
LMR Partners LLP acquired a stake in Lightspeed Commerce valued at approximately $2.44 million, contributing to institutional investors holding 68.68% of the stock. Analysts have mixed ratings on the company, with a current "Hold" rating and a target price range from $13.00 to $26.00. Recently, Lightspeed reported a quarterly EPS of $0.03, missing estimates, and has a market cap of $1.95 billion.
Bengaluru-based space tech startup Pixxel has successfully closed its Series B funding round, raising an additional $24 million, bringing the total to $60 million. New investors M&G Catalyst and Glade Brook Capital Partners joined existing backers like Google and Lightspeed. Overall, Pixxel has raised $95 million across all funding rounds, capitalizing on the growing interest in India's space tech sector, projected to reach $44 billion by 2033.
Exponent Energy is set to launch 'e-Park' in Bengaluru's Electronic City, featuring a 1 GW battery manufacturing facility and dedicated R&D labs, with plans to open in the next two months. This development follows a $26 million Series B funding round led by Eight Roads Ventures and TDK Ventures. Co-founder Arun Vinayak highlighted the facility's role in scaling operations from their current site in Attibele.
Lightspeed Commerce Inc.
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lightspeed commerce stock faces price target reductions from multiple analysts
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