Lightspeed Commerce Inc. (NYSE:LSPD) Receives $11.54 Consensus Price Target from Analysts

Lightspeed Commerce Inc. (NYSE:LSPD) has been assigned a consensus rating of “Hold” from the sixteen brokerages that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $11.5357.

LSPD has been the subject of a number of research analyst reports. Scotiabank lowered their target price on Lightspeed Commerce from $12.00 to $10.00 and set a “sector perform” rating for the company in a report on Monday, May 25th. Royal Bank Of Canada increased their price target on Lightspeed Commerce from $10.00 to $13.00 and gave the stock an “outperform” rating in a report on Monday, August 31st. JPMorgan Chase & Co. raised their price objective on shares of Lightspeed Commerce from $11.00 to $12.00 and gave the stock an “underweight” rating in a research report on Friday, July 31st. National Bank Financial lowered their price objective on shares of Lightspeed Commerce from $15.00 to $11.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 27th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lightspeed Commerce in a research report on Friday, July 17th.

Lightspeed Commerce Price Performance

Shares of NYSE LSPD opened at $9.40 on Friday. The company has a market capitalization of $1.30 billion, a PE ratio of -13.44, a P/E/G ratio of 1.36 and a beta of 1.84. The company has a quick ratio of 3.45, a current ratio of 3.55 and a debt-to-equity ratio of 0.01. Lightspeed Commerce has a twelve month low of $7.83 and a twelve month high of $13.72. The firm has a fifty day simple moving average of $10.28 and a 200 day simple moving average of $9.68.

Lightspeed Commerce (NYSE:LSPD) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. Lightspeed Commerce had a negative net margin of 7.81% and a positive return on equity of 1.06%. The business had revenue of $322.70 million for the quarter, compared to analysts’ expectations of $310.58 million. During the same quarter in the prior year, the firm posted $0.06 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, sell-side analysts forecast that Lightspeed Commerce will post 0.23 EPS for the current year.

Hedge Funds Weigh In On Lightspeed Commerce

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Pale Fire Capital SE bought a new stake in shares of Lightspeed Commerce during the first quarter worth about $49,500,000. Royal Bank of Canada lifted its position in Lightspeed Commerce by 64.4% in the 1st quarter. Royal Bank of Canada now owns 2,226,453 shares of the company’s stock valued at $19,950,000 after acquiring an additional 872,131 shares in the last quarter. Renaissance Technologies LLC lifted its position in Lightspeed Commerce by 1,221.5% in the 1st quarter. Renaissance Technologies LLC now owns 406,783 shares of the company’s stock valued at $3,645,000 after acquiring an additional 376,000 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in Lightspeed Commerce during the 4th quarter valued at about $3,953,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Lightspeed Commerce during the 2nd quarter valued at about $540,000. Institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Company Profile

Lightspeed Commerce Inc is a Montreal-based commerce technology company that provides cloud-based point-of-sale and business management software for small and mid-sized businesses. Its platform is designed for retailers, restaurants, golf operators and other location-based businesses, helping them manage transactions, inventory, customers and day-to-day operations through integrated digital tools.

Lightspeed’s products include point-of-sale systems, payment processing, inventory and order management, e-commerce capabilities, customer loyalty and marketing tools, analytics, and integrations with accounting and other business applications.