Lightspeed Commerce (NYSE:LSPD) Coverage Initiated by Analysts at Truist Financial

Investment analysts at Truist Financial initiated coverage on shares of Lightspeed Commerce (NYSE:LSPD) in a research note issued to investors on Monday, MarketBeat.com reports. The brokerage set a “hold” rating and a $11.00 price target on the stock. Truist Financial’s target price would suggest a potential downside of 0.32% from the company’s previous close.

Other equities analysts also recently issued reports about the company. UBS Group lowered their price target on Lightspeed Commerce from $17.00 to $14.50 and set a “neutral” rating for the company in a report on Friday, February 7th. BMO Capital Markets lowered their price target on Lightspeed Commerce from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, March 27th. Wells Fargo & Company lowered their price target on Lightspeed Commerce from $13.00 to $11.00 and set an “equal weight” rating for the company in a report on Friday, March 28th. Bank of America lowered their price target on Lightspeed Commerce from $20.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, March 27th. Finally, Morgan Stanley lowered their price target on Lightspeed Commerce from $14.00 to $12.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $14.04.

Lightspeed Commerce Stock Performance

Shares of Lightspeed Commerce stock opened at $11.04 on Monday. Lightspeed Commerce has a one year low of $7.34 and a one year high of $18.96. The company has a market cap of $1.69 billion, a PE ratio of -13.79, a P/E/G ratio of 3.03 and a beta of 2.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.99 and a current ratio of 6.10. The business has a 50-day simple moving average of $9.74 and a 200-day simple moving average of $12.79.

Lightspeed Commerce (NYSE:LSPD) last announced its quarterly earnings results on Thursday, May 22nd. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The business had revenue of $253.42 million during the quarter, compared to analyst estimates of $252.51 million. Lightspeed Commerce had a negative net margin of 11.75% and a positive return on equity of 0.61%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the company earned $0.06 earnings per share. On average, equities research analysts forecast that Lightspeed Commerce will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Lightspeed Commerce

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Lightspeed Commerce by 0.7% during the first quarter. Vanguard Group Inc. now owns 5,372,421 shares of the company’s stock worth $47,004,000 after purchasing an additional 39,115 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Lightspeed Commerce by 37,065.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,181,809 shares of the company’s stock worth $63,688,000 after purchasing an additional 4,170,557 shares during the last quarter. Wishbone Management LP purchased a new stake in shares of Lightspeed Commerce during the first quarter worth approximately $32,156,000. Nuveen Asset Management LLC raised its stake in shares of Lightspeed Commerce by 0.8% during the fourth quarter. Nuveen Asset Management LLC now owns 3,149,919 shares of the company’s stock worth $48,009,000 after purchasing an additional 24,891 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Lightspeed Commerce by 151.8% during the first quarter. Goldman Sachs Group Inc. now owns 2,148,959 shares of the company’s stock worth $18,803,000 after purchasing an additional 1,295,469 shares during the last quarter. Hedge funds and other institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Company Profile

Lightspeed Commerce Inc engages in sale of cloud-based software subscriptions and payments solutions for small and midsize businesses, retailers, restaurants, and golf course operators in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally. Its Software as a Service platform enables customers to engage with consumers, manage operations, accept payments, etc.