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

Shares of Lightspeed Commerce Inc. (NYSE:LSPD) have been assigned an average recommendation of “Hold” from the nineteen analysts that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $13.7188.

A number of equities research analysts have issued reports on the stock. National Bankshares cut their target price on shares of Lightspeed Commerce from $15.00 to $13.00 and set a “sector perform” rating for the company in a research report on Thursday, October 23rd. Royal Bank Of Canada set a $15.00 price target on shares of Lightspeed Commerce and gave the stock an “outperform” rating in a research note on Wednesday, September 17th. Zacks Research raised Lightspeed Commerce from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of Lightspeed Commerce in a research note on Wednesday, October 8th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $16.00 target price on shares of Lightspeed Commerce in a research report on Wednesday, November 19th.

Lightspeed Commerce Trading Down 0.5%

Shares of NYSE LSPD opened at $12.20 on Friday. The company has a current ratio of 4.66, a quick ratio of 4.58 and a debt-to-equity ratio of 0.01. Lightspeed Commerce has a one year low of $7.34 and a one year high of $15.22. The business has a 50-day moving average price of $11.90 and a two-hundred day moving average price of $12.02. The firm has a market capitalization of $1.66 billion, a PE ratio of -2.68, a PEG ratio of 19.70 and a beta of 2.08.

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

Institutional Trading of Lightspeed Commerce

A number of institutional investors have recently added to or reduced their stakes in LSPD. Goldman Sachs Group Inc. increased its stake in shares of Lightspeed Commerce by 151.8% during the 1st 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. Montrusco Bolton Investments Inc. bought a new stake in Lightspeed Commerce in the second quarter worth $457,000. Moloney Securities Asset Management LLC increased its position in Lightspeed Commerce by 17.4% during the second quarter. Moloney Securities Asset Management LLC now owns 57,454 shares of the company’s stock worth $673,000 after buying an additional 8,500 shares during the last quarter. ANTIPODES PARTNERS Ltd increased its position in Lightspeed Commerce by 3,784.7% during the second quarter. ANTIPODES PARTNERS Ltd now owns 1,150,227 shares of the company’s stock worth $13,472,000 after buying an additional 1,120,618 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Lightspeed Commerce by 25.9% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 14,096 shares of the company’s stock valued at $165,000 after buying an additional 2,899 shares in the last quarter. 68.68% of the stock is currently owned by institutional investors and hedge funds.

About Lightspeed Commerce

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.