Lightspeed Commerce Inc. Expected to Post Q4 2024 Earnings of ($0.17) Per Share (NYSE:LSPD)

Lightspeed Commerce Inc. (NYSE:LSPD) – Equities researchers at National Bank Financial issued their Q4 2024 earnings estimates for shares of Lightspeed Commerce in a report issued on Wednesday, April 17th. National Bank Financial analyst R. Tse forecasts that the company will post earnings per share of ($0.17) for the quarter. National Bank Financial has a “Sector Perform Market Weight” rating on the stock. The consensus estimate for Lightspeed Commerce’s current full-year earnings is ($0.50) per share.

A number of other analysts have also recently weighed in on LSPD. JPMorgan Chase & Co. reduced their target price on shares of Lightspeed Commerce from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, February 9th. National Bankshares dropped their price target on Lightspeed Commerce from $20.00 to $15.00 and set a “sector perform” rating on the stock in a research note on Thursday. Truist Financial upped their price objective on shares of Lightspeed Commerce from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, January 12th. TD Securities cut shares of Lightspeed Commerce from a “buy” rating to a “hold” rating and decreased their target price for the stock from $25.00 to $17.50 in a report on Friday, February 9th. Finally, Barclays cut their price target on shares of Lightspeed Commerce from $23.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, February 9th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.74.

Lightspeed Commerce Stock Performance

Shares of Lightspeed Commerce stock opened at $13.00 on Friday. The business has a fifty day simple moving average of $13.69 and a 200-day simple moving average of $15.71. Lightspeed Commerce has a fifty-two week low of $12.23 and a fifty-two week high of $21.71. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.09 and a current ratio of 6.21.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings data on Thursday, February 8th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.12. The business had revenue of $239.70 million during the quarter, compared to the consensus estimate of $236.31 million. Lightspeed Commerce had a negative net margin of 23.85% and a negative return on equity of 2.68%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake in shares of Lightspeed Commerce by 112.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,299 shares of the company’s stock worth $40,000 after purchasing an additional 688 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of Lightspeed Commerce by 8,464.3% in the 1st quarter. Captrust Financial Advisors now owns 2,398 shares of the company’s stock valued at $73,000 after buying an additional 2,370 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. acquired a new position in Lightspeed Commerce in the first quarter worth approximately $35,000. Advisors Asset Management Inc. raised its position in Lightspeed Commerce by 164.7% during the first quarter. Advisors Asset Management Inc. now owns 3,341 shares of the company’s stock valued at $102,000 after acquiring an additional 2,079 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Lightspeed Commerce by 2,570.7% during the third quarter. Tower Research Capital LLC TRC now owns 4,006 shares of the company’s stock valued at $56,000 after acquiring an additional 3,856 shares in the last quarter. Hedge funds and other institutional investors own 68.68% of the company’s stock.

About Lightspeed Commerce

Lightspeed Commerce Inc engages in sale of cloud-based software subscriptions and payments solutions for small and midsize businesses, retailers, restaurants, and golf course operators in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally. Its Software as a Service platform enables customers to engage with consumers, manage operations, accept payments, etc.