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

TD Securities upgraded shares of Lightspeed Commerce (NYSE:LSPD) to a hold rating in a report issued on Thursday,Zacks.com reports.

A number of other research analysts have also commented on LSPD. Barclays lowered their price objective on Lightspeed Commerce from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Monday, January 12th. National Bankshares lowered their price target on Lightspeed Commerce from $15.00 to $13.00 and set a “sector perform” rating on the stock in a report on Thursday, October 23rd. Royal Bank Of Canada set a $15.00 price target on shares of Lightspeed Commerce and gave the company an “outperform” rating in a research report on Wednesday, September 17th. Zacks Research upgraded shares of Lightspeed Commerce from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lightspeed Commerce in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lightspeed Commerce currently has a consensus rating of “Hold” and an average target price of $13.66.

Lightspeed Commerce Price Performance

NYSE LSPD opened at $11.69 on Thursday. The company has a quick ratio of 4.58, a current ratio of 4.66 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1.59 billion, a PE ratio of -2.57, a price-to-earnings-growth ratio of 18.98 and a beta of 2.08. Lightspeed Commerce has a 12-month low of $7.34 and a 12-month high of $15.17. The company has a 50 day moving average price of $11.86 and a two-hundred day moving average price of $12.03.

Lightspeed Commerce (NYSE:LSPD) last released 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. The business had revenue of $318.96 million during the quarter, compared to analyst estimates of $308.90 million. Lightspeed Commerce had a negative net margin of 59.16% and a positive return on equity of 0.39%. Lightspeed Commerce’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.13 EPS. As a group, equities analysts predict that Lightspeed Commerce will post 0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lightspeed Commerce

A number of institutional investors and hedge funds have recently bought and sold shares of LSPD. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Lightspeed Commerce by 28.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,752,669 shares of the company’s stock worth $31,778,000 after purchasing an additional 613,369 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Lightspeed Commerce by 29.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,468,872 shares of the company’s stock valued at $28,948,000 after acquiring an additional 556,724 shares during the period. Goldman Sachs Group Inc. increased its stake in Lightspeed Commerce by 151.8% during the first quarter. Goldman Sachs Group Inc. now owns 2,148,959 shares of the company’s stock valued at $18,803,000 after acquiring an additional 1,295,469 shares during the period. Bank of America Corp DE raised its holdings in Lightspeed Commerce by 5.2% in the 3rd quarter. Bank of America Corp DE now owns 1,971,125 shares of the company’s stock valued at $22,766,000 after acquiring an additional 97,183 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Lightspeed Commerce by 0.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,948,620 shares of the company’s stock worth $22,507,000 after acquiring an additional 9,503 shares during the period. Institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Company 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.