Lightspeed POS (NASDAQ:LSPD) Stock Price Up 6%

Lightspeed POS Inc. (NASDAQ:LSPD) rose 6% during mid-day trading on Thursday . The company traded as high as $98.51 and last traded at $98.06. Approximately 77,730 shares were traded during trading, a decline of 96% from the average daily volume of 1,751,903 shares. The stock had previously closed at $92.51.

LSPD has been the subject of a number of research reports. TD Securities increased their price target on Lightspeed POS from C$130.00 to C$150.00 and gave the company a “buy” rating in a research note on Friday, August 6th. Royal Bank of Canada raised their price objective on Lightspeed POS from $98.00 to $114.00 and gave the stock an “outperform” rating in a research note on Friday, August 6th. Credit Suisse Group raised their price objective on Lightspeed POS from $95.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, August 6th. National Bankshares raised their price objective on Lightspeed POS from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, August 6th. Finally, Piper Sandler started coverage on Lightspeed POS in a research note on Wednesday, September 8th. They set an “overweight” rating and a $145.00 price objective for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Lightspeed POS has an average rating of “Buy” and an average target price of $121.93.

The company has a debt-to-equity ratio of 0.03, a current ratio of 4.91 and a quick ratio of 4.88. The company has a fifty day moving average of $105.31 and a 200-day moving average of $84.80. The firm has a market capitalization of $12.95 billion and a PE ratio of -74.85.

Lightspeed POS (NASDAQ:LSPD) last announced its quarterly earnings data on Thursday, August 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.11. Lightspeed POS had a negative return on equity of 3.07% and a negative net margin of 50.92%. The business had revenue of $115.92 million during the quarter, compared to analyst estimates of $92.13 million. Equities analysts anticipate that Lightspeed POS Inc. will post -0.54 EPS for the current year.

Several large investors have recently made changes to their positions in LSPD. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Lightspeed POS during the second quarter worth $42,000. IFP Advisors Inc raised its holdings in Lightspeed POS by 341.6% during the third quarter. IFP Advisors Inc now owns 1,082 shares of the company’s stock valued at $105,000 after buying an additional 837 shares in the last quarter. Blair William & Co. IL bought a new position in Lightspeed POS during the second quarter valued at about $210,000. Versor Investments LP bought a new position in Lightspeed POS during the second quarter valued at about $218,000. Finally, Level Four Advisory Services LLC acquired a new stake in shares of Lightspeed POS in the second quarter valued at about $250,000. Institutional investors and hedge funds own 53.80% of the company’s stock.

Lightspeed POS Company Profile (NASDAQ:LSPD)

Lightspeed POS Inc provides commerce enabling Software as a Service (SaaS) platform for small and midsize businesses, retailers, restaurants, and golf course operators in Canada, the United States, Germany, Australia, and internationally. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc.

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