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Lightspeed Commerce Inc. (LSPD)
NYSE - NYSE Delayed Price. Currency in USD
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$LSPD is down by almost 54% from its all-time high in September 2021. The decline is attributed to the weak management guidance combined with a bearish report from Spruce Point Capital Management. Presently, the correction in Lightspeed Commerce stock’s price continues. Spruce Point Capital Management projected a 60-80% downside in Lightspeed Commerce stock’s share prices. It is likely for the correction to continue in the short term. I am really glad that I found
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Lightspeed Commerce Inc. [LSPD]: Insider Ownership positions
"Positions in Lightspeed Commerce Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 152 institutional holders increased their position in Lightspeed Commerce Inc. [NYSE:LSPD] by around 17,193,718 shares. Additionally, 92 investors decreased positions by around 7,404,060 shares, while 6 investors held positions by with 56,759,397 shares. The mentioned changes placed institutional holdings at 81,357,175 shares, according to the latest SEC report filing. LSPD stock had 66 new institutional investments in for a total of 4,458,373 shares, while 36 institutional investors sold positions of 2,578,832 shares during the same period."
It takes courage to HOLD when it seems like everyone is selling. Congrats to all those who held.
Last chance ..80 tomorrow
Institutions now hold 60.5%...
Buy before you regret.. less shares available now
Lightspeed among the top gainers today on the TSX
All support to cool, Happy and all the longs...
Australia Oct retail sales 4.9 vs 2.25 estimates so the APAC region is opening and lspd is a global ecommerce company will benefit once the economy comes back
Loving my $65.50 entry more and more each day.
I'm baffled as to how anyone lost money on LightSpeed between Class Period: September 11, 2020 to September 28, 2021. In Sept 2020 it was trading at around $31. In Sept 2021 it was trading at a high of $153. Then the short report came out and it tanked the ends of Sept.
How could an investor have lost any money unless they were short.
Can anyone explain this. These lawsuits make zero sense to me.
Reversal is in place. Valuation looks reasonable now.
Last chance.. future millonares on the train
what a volume and price action.
looks like reversal to me.
To my fellow LSPD investors - I thought I'd share some thoughts backed with nothing but common sense and see what you all think:
1) The Short Report from Ben Axler was pointing fingers at LSPD's pre-IPO numbers. If anyone does a little digging, they can find that LSPD was funded by Inovia Capital - a VC Firm that also invested in Wealthsimple which is basically the hottest piece of tech booty in the Canadian Market now, as well as Top Hat, which is a major player in the Ed-Tech sector. VC Firms are ruthless and demanding. I know because two of the places I worked / work in have VC money flowing in and they demand the moon because they can. For LSPD to fudge pre-IPO numbers and jeopardize Inovia Capital's big payday when LSPD eventually lists seems far fetched. As well, these VC firms probably have an army of analysts and former auditors that comb through everything in their portfolio companies. And for the record, Inovia Capital is still invested in LSPD
2) Caisse de dépôt et placement du Québec is the Second Largest Pension Fund in Canada, and they manage the pension plans for almost all of Quebec. In addition, they are LSPD's largest shareholder which means the Caisse has a direct line to Dax and his team. That entire LSPD leadership team probably can's pass gas without asking for permission from The Caisse first. So, every acquisition was most likely discussed to death with The Caisse and LSPD had to show how each acquisition will lead to synergies and Market Share / Revenue increases down the road
Taking both those points into consideration; do we really have anything to worry about aside from these annoying and over exaggerated market corrections?
Someone mentioned earlier that this was supposed to be featured on BNN or CNN - did this actually happen? Thanks.
Just got off phone with a customer in ontario running a multimillion dollar retail store... They are using Lightspeed. They have tried a few others in the past years but are now sticking with Lightspeed due to ease of use and pricing. LSPD customer base is solid.
Look past the noise on Lightspeed Commerce, says National Bank
RBC Capital Markets on Wednesdy reiterated Lightspeed Commerce Inc (LSPD.TO)'s outperform rating and price target of US$104.00.
RBC said Lightspeed addressed three key issues during its inaugural analyst day held after the release of its results for the second quarter of fiscal 2022.
In response to the decline stock price on the day it reported quarterly earnings, RBC said the company directly answered three main investor questions: net new customer locations, payments penetration and disappointing guidance.
RBC said Lightspeed's net new customer locations increased 95% year over year to about 156,000 in in the fiscal second quarter but only 4% quarter over quarter, which disappointed certain investors.
At the Investor Day, the company noted that it saw increased churn among the merchant base in Australia and New Zealand as those countries saw rolling pandemic-related lockdowns, which affected net new location growth.
Lightspeed also pointed out a similar dynamic in the fiscal first quarter as Europe underwent various lockdowns. Payments penetration increased only 1ppt quarter over quarter, which again investors viewed as a disappointment.
Highlighting what RBC calls the "denominator" effect, while payments grew 19% year over year, the fastest growing segmentfor GTV was EMEA Hospitality, with GTV growth of over 75%.
Finally, while the company's fiscal third-quarter guide was more in line with expectations, investors were concerned with the fiscal fourth quarter.
RBC said that on the earnings call, management called out payments-related seasonality, which is inherent for retail and hospitality as there is a holiday-related sales spike in the December quarter, followed a typical seasonal slowdown in the fiscal fourth quarter.
Additionally, the company noted what it believes could be conservatism in the guidance as it incorporated its merchant clients' concerns over product availability given supply chain constraints.
Throughout the presentations, management consistently described the operating environment as one in which it believed it was controlling what it could, according to RBC.
Wait till we go red for 1 day ir 1 hour.. then all the spiders will come out crawling... longs are here for the 2000 dollar share in 2023 or 2024.. not for plus or minus few bucks..
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