Lightspeed Commerce Inc. (NYSE:LSPD) Receives $13.70 Average Price Target from Analysts

Lightspeed Commerce Inc. (NYSE:LSPD) has been given a consensus rating of “Hold” by the twelve ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $13.40.

A number of research firms have recently issued reports on LSPD. BTIG Research cut their price target on shares of Lightspeed Commerce from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. Royal Bank Of Canada cut their price target on shares of Lightspeed Commerce from $15.00 to $13.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. TD Securities upgraded shares of Lightspeed Commerce to a “hold” rating in a report on Thursday, January 15th. Barclays cut their price target on shares of Lightspeed Commerce from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Finally, 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.

Lightspeed Commerce Price Performance

Shares of NYSE LSPD traded down $0.33 during midday trading on Tuesday, reaching $9.11. The company’s stock had a trading volume of 1,243,011 shares, compared to its average volume of 915,840. The company has a current ratio of 4.52, a quick ratio of 4.44 and a debt-to-equity ratio of 0.01. The company has a 50 day moving average price of $9.14 and a 200 day moving average price of $10.67. Lightspeed Commerce has a one year low of $8.36 and a one year high of $14.34. The company has a market cap of $1.25 billion, a price-to-earnings ratio of -1.97, a price-to-earnings-growth ratio of 1.80 and a beta of 2.05.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $311.28 million. During the same quarter in the previous year, the business earned $0.12 earnings per share. The firm’s revenue was up 11.5% compared to the same quarter last year. On average, equities research analysts expect that Lightspeed Commerce will post 0.03 EPS for the current year.

Institutional Investors Weigh In On Lightspeed Commerce

Large investors have recently made changes to their positions in the company. Plato Investment Management Ltd raised its holdings in shares of Lightspeed Commerce by 880.0% during the fourth quarter. Plato Investment Management Ltd now owns 5,292 shares of the company’s stock valued at $64,000 after acquiring an additional 4,752 shares during the period. Headlands Technologies LLC acquired a new position in Lightspeed Commerce in the 2nd quarter valued at approximately $92,000. Aigen Investment Management LP acquired a new position in Lightspeed Commerce in the 4th quarter valued at approximately $125,000. Russell Investments Group Ltd. increased its stake in Lightspeed Commerce by 106.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 10,386 shares of the company’s stock valued at $122,000 after buying an additional 5,354 shares during the period. Finally, Brooklyn Investment Group acquired a new position in Lightspeed Commerce in the 4th quarter valued at approximately $132,000. 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.