Lightspeed Commerce (NYSE:LSPD) Raised to Hold at TD Securities

Lightspeed Commerce (NYSE:LSPD) was upgraded by stock analysts at TD Securities to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

Several other equities research analysts have also commented on the stock. Zacks Research upgraded shares of Lightspeed Commerce from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. Royal Bank Of Canada set a $15.00 price objective on shares of Lightspeed Commerce and gave the company an “outperform” rating in a research report on Wednesday, September 17th. BTIG Research reiterated a “buy” rating and issued a $16.00 price objective on shares of Lightspeed Commerce in a research note on Wednesday, November 19th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lightspeed Commerce in a research note on Wednesday, October 8th. Finally, Barclays cut their price target on Lightspeed Commerce from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Lightspeed Commerce presently has an average rating of “Hold” and an average target price of $13.66.

Lightspeed Commerce Trading Down 0.5%

LSPD opened at $11.69 on Thursday. The business has a fifty day moving average price of $11.86 and a 200 day moving average price of $12.03. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.66 and a quick ratio of 4.58. Lightspeed Commerce has a 12 month low of $7.34 and a 12 month high of $15.17. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of -2.57, a PEG ratio of 18.98 and a beta of 2.08.

Lightspeed Commerce (NYSE:LSPD) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.05. Lightspeed Commerce had a positive return on equity of 0.39% and a negative net margin of 59.16%.The business had revenue of $318.96 million during the quarter, compared to analysts’ expectations of $308.90 million. During the same quarter last year, the business posted $0.13 EPS. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. Sell-side analysts expect that Lightspeed Commerce will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Numerai GP LLC lifted its stake in Lightspeed Commerce by 488.9% during the third quarter. Numerai GP LLC now owns 159,209 shares of the company’s stock valued at $1,839,000 after purchasing an additional 132,175 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Lightspeed Commerce by 5.2% during the third quarter. Bank of America Corp DE now owns 1,971,125 shares of the company’s stock worth $22,766,000 after purchasing an additional 97,183 shares during the period. Algert Global LLC purchased a new stake in shares of Lightspeed Commerce during the third quarter worth $295,000. Ameriprise Financial Inc. lifted its holdings in shares of Lightspeed Commerce by 0.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,948,620 shares of the company’s stock valued at $22,507,000 after buying an additional 9,503 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new position in shares of Lightspeed Commerce during the 3rd quarter worth $1,384,000. Institutional investors and hedge funds own 68.68% of the company’s stock.

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.