Lightspeed Commerce (NYSE:LSPD) Price Target Raised to $13.00

Lightspeed Commerce (NYSE:LSPD) had its price target raised by Royal Bank Of Canada from $10.00 to $13.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an outperform rating on the stock.

LSPD has been the topic of a number of other reports. BMO Capital Markets dropped their price target on shares of Lightspeed Commerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a research note on Monday, May 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lightspeed Commerce in a research report on Friday, July 17th. National Bank Financial lowered their target price on Lightspeed Commerce from $15.00 to $11.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 27th. Bank of America started coverage on Lightspeed Commerce in a research note on Tuesday, May 19th. They issued an “underperform” rating and a $10.00 target price on the stock. Finally, Morgan Stanley dropped their target price on Lightspeed Commerce from $13.50 to $11.50 and set an “equal weight” rating on the stock in a research report on Friday, May 22nd. Four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $11.54.

Lightspeed Commerce Price Performance

NYSE LSPD opened at $10.43 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.55 and a quick ratio of 3.45. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -14.89, a price-to-earnings-growth ratio of 1.08 and a beta of 1.84. The company has a 50 day simple moving average of $10.38 and a 200-day simple moving average of $9.61. Lightspeed Commerce has a 52-week low of $7.83 and a 52-week high of $13.72.

Lightspeed Commerce (NYSE:LSPD) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The firm had revenue of $322.70 million for the quarter, compared to the consensus estimate of $310.58 million. Lightspeed Commerce had a negative net margin of 7.81% and a positive return on equity of 1.06%. The firm’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.06 earnings per share. Equities research analysts predict that Lightspeed Commerce will post 0.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lightspeed Commerce

Institutional investors and hedge funds have recently modified their holdings of the business. Pale Fire Capital SE boosted its holdings in Lightspeed Commerce by 4.5% in the second quarter. Pale Fire Capital SE now owns 5,773,932 shares of the company’s stock worth $60,569,000 after purchasing an additional 249,341 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in Lightspeed Commerce by 17.5% during the fourth quarter. Artisan Partners Limited Partnership now owns 3,900,930 shares of the company’s stock valued at $47,066,000 after buying an additional 581,900 shares in the last quarter. Royal Bank of Canada raised its holdings in Lightspeed Commerce by 64.4% during the first quarter. Royal Bank of Canada now owns 2,226,453 shares of the company’s stock valued at $19,950,000 after buying an additional 872,131 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Lightspeed Commerce by 151.8% in the first quarter. Goldman Sachs Group Inc. now owns 2,148,959 shares of the company’s stock worth $18,803,000 after buying an additional 1,295,469 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Lightspeed Commerce by 5.2% in the third quarter. Bank of America Corp DE now owns 1,971,125 shares of the company’s stock worth $22,766,000 after buying an additional 97,183 shares during the last quarter. Institutional investors and hedge funds 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.