Lightspeed Commerce Inc. (NYSE:LSPD) Receives $13.33 Average Price Target from Brokerages

Shares of Lightspeed Commerce Inc. (NYSE:LSPD) have been given a consensus rating of “Hold” by the eighteen ratings firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $13.3333.

LSPD has been the subject of a number of research reports. TD Securities raised Lightspeed Commerce to a “hold” rating in a research report on Thursday, January 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Lightspeed Commerce in a research note on Thursday, January 22nd. Royal Bank Of Canada decreased their target price on Lightspeed Commerce from $15.00 to $13.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Truist Financial cut their price target on shares of Lightspeed Commerce from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, February 11th. Finally, Zacks Research lowered shares of Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th.

Institutional Investors Weigh In On Lightspeed Commerce

Hedge funds have recently added to or reduced their stakes in the business. Plato Investment Management Ltd grew its position in Lightspeed Commerce by 880.0% during the 4th quarter. Plato Investment Management Ltd now owns 5,292 shares of the company’s stock worth $64,000 after purchasing an additional 4,752 shares during the period. Headlands Technologies LLC acquired a new position in shares of Lightspeed Commerce in the 2nd quarter valued at about $92,000. Russell Investments Group Ltd. boosted its stake in shares of Lightspeed Commerce by 106.4% in the second quarter. Russell Investments Group Ltd. now owns 10,386 shares of the company’s stock worth $122,000 after buying an additional 5,354 shares during the last quarter. Aigen Investment Management LP purchased a new stake in shares of Lightspeed Commerce in the fourth quarter worth about $125,000. Finally, Brooklyn Investment Group acquired a new stake in Lightspeed Commerce during the fourth quarter worth about $132,000. 68.68% of the stock is owned by hedge funds and other institutional investors.

Lightspeed Commerce Stock Performance

Lightspeed Commerce stock traded down $0.20 during mid-day trading on Monday, reaching $9.37. 150,653 shares of the company traded hands, compared to its average volume of 925,124. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.52 and a quick ratio of 4.44. Lightspeed Commerce has a fifty-two week low of $7.34 and a fifty-two week high of $14.34. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of -2.03, a price-to-earnings-growth ratio of 11.26 and a beta of 2.08. The firm’s fifty day moving average is $10.53 and its two-hundred day moving average is $11.43.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.13 by $0.02. Lightspeed Commerce had a negative net margin of 58.15% and a positive return on equity of 0.37%. The business had revenue of $312.35 million during the quarter, compared to the consensus estimate of $311.28 million. During the same period in the previous year, the firm posted $0.12 earnings per share. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. On average, equities research analysts expect that Lightspeed Commerce will post 0.08 earnings per share for the current fiscal year.

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.