Lightspeed Commerce Inc. (NYSE:LSPD) Given Average Rating of “Hold” by Brokerages

Shares of Lightspeed Commerce Inc. (NYSE:LSPD) have earned a consensus recommendation of “Hold” from the nineteen research firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $13.7188.

Several equities analysts have commented on the stock. TD Securities initiated coverage on shares of Lightspeed Commerce in a research report on Friday, October 3rd. They issued a “hold” rating and a $13.00 price target for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lightspeed Commerce in a report on Wednesday, October 8th. BTIG Research restated a “buy” rating and set a $16.00 price target on shares of Lightspeed Commerce in a report on Wednesday, November 19th. Morgan Stanley increased their price target on Lightspeed Commerce from $12.00 to $14.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 20th. Finally, Zacks Research upgraded Lightspeed Commerce from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd.

Lightspeed Commerce Stock Performance

NYSE LSPD opened at $11.93 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.66 and a quick ratio of 4.58. The company has a market cap of $1.62 billion, a P/E ratio of -2.62, a P/E/G ratio of 18.88 and a beta of 2.16. The stock has a 50-day moving average of $11.77 and a two-hundred day moving average of $11.93. Lightspeed Commerce has a 1-year low of $7.34 and a 1-year high of $16.74.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.11 by $0.05. The business had revenue of $318.96 million during the quarter, compared to analyst estimates of $308.90 million. Lightspeed Commerce had a negative net margin of 59.16% and a positive return on equity of 0.39%. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 earnings per share. As a group, analysts anticipate that Lightspeed Commerce will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Numerai GP LLC increased its position in shares of Lightspeed Commerce by 488.9% in the 3rd quarter. Numerai GP LLC now owns 159,209 shares of the company’s stock valued at $1,839,000 after purchasing an additional 132,175 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Lightspeed Commerce by 5.2% during the third quarter. Bank of America Corp DE now owns 1,971,125 shares of the company’s stock worth $22,766,000 after purchasing an additional 97,183 shares in the last quarter. Algert Global LLC purchased a new position in Lightspeed Commerce in the third quarter valued at $295,000. Ameriprise Financial Inc. raised its stake in Lightspeed Commerce by 0.5% in the third quarter. Ameriprise Financial Inc. now owns 1,948,620 shares of the company’s stock valued at $22,507,000 after buying an additional 9,503 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in Lightspeed Commerce in the third quarter valued at $1,384,000. Institutional investors and hedge funds own 68.68% of the company’s stock.

About Lightspeed Commerce

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.