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

Lightspeed Commerce Inc. (NYSE:LSPD) has received an average recommendation of “Hold” from the nineteen brokerages that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $13.6563.

Several research analysts have recently weighed in on LSPD shares. National Bankshares decreased their price target on shares of Lightspeed Commerce from $15.00 to $13.00 and set a “sector perform” rating on the stock in a report on Thursday, October 23rd. BTIG Research reiterated a “buy” rating and set a $16.00 target price on shares of Lightspeed Commerce in a research report on Wednesday, November 19th. TD Securities raised shares of Lightspeed Commerce to a “hold” rating in a report on Thursday, January 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Lightspeed Commerce in a research report on Thursday, January 22nd. Finally, Barclays cut their target price on shares of Lightspeed Commerce from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday, January 12th.

Lightspeed Commerce Price Performance

Shares of NYSE:LSPD opened at $10.06 on Thursday. The company has a 50 day moving average of $11.68 and a 200 day moving average of $11.96. The company has a current ratio of 4.66, a quick ratio of 4.58 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.37 billion, a P/E ratio of -2.21, a P/E/G ratio of 13.27 and a beta of 2.07. Lightspeed Commerce has a 12 month low of $7.34 and a 12 month high of $14.59.

Lightspeed Commerce (NYSE:LSPD) last posted its earnings results on Thursday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.05. The business had revenue of $318.96 million for the quarter, compared to analysts’ expectations 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 period in the prior year, the company posted $0.13 EPS. As a group, sell-side analysts forecast that Lightspeed Commerce will post 0.08 EPS for the current fiscal year.

Institutional Trading of Lightspeed Commerce

A number of hedge funds have recently bought and sold shares of the company. Invesco Ltd. boosted its stake in Lightspeed Commerce by 2.9% in the second quarter. Invesco Ltd. now owns 29,567 shares of the company’s stock worth $346,000 after buying an additional 835 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Lightspeed Commerce by 4.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 25,118 shares of the company’s stock worth $303,000 after acquiring an additional 1,148 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Lightspeed Commerce by 15.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 16,902 shares of the company’s stock valued at $198,000 after purchasing an additional 2,314 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of Lightspeed Commerce by 8.5% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 43,231 shares of the company’s stock valued at $502,000 after purchasing an additional 3,401 shares in the last quarter. Finally, Plato Investment Management Ltd grew its holdings in shares of Lightspeed Commerce by 880.0% during the 4th quarter. Plato Investment Management Ltd now owns 5,292 shares of the company’s stock valued at $64,000 after purchasing an additional 4,752 shares during the last quarter. Institutional investors own 68.68% of the company’s stock.

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.