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

Shares of Lightspeed Commerce Inc. (NYSE:LSPD) have earned an average rating of “Hold” from the fourteen ratings firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $13.0833.

Several research firms recently weighed in on LSPD. Barclays decreased their price objective on shares of Lightspeed Commerce from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Monday, January 12th. Truist Financial cut their price target on shares of Lightspeed Commerce from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, February 11th. Royal Bank Of Canada decreased their price target on shares of Lightspeed Commerce from $15.00 to $13.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Zacks Research cut shares of Lightspeed Commerce from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lightspeed Commerce in a report on Thursday, January 22nd.

Institutional Investors Weigh In On Lightspeed Commerce

Several hedge funds have recently added to or reduced their stakes in LSPD. Louisbourg Investments Inc. lifted its position in Lightspeed Commerce by 18.0% in the 3rd quarter. Louisbourg Investments Inc. now owns 652,062 shares of the company’s stock worth $7,527,000 after buying an additional 99,357 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Lightspeed Commerce by 29.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,468,872 shares of the company’s stock valued at $28,948,000 after acquiring an additional 556,724 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Lightspeed Commerce by 28.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,752,669 shares of the company’s stock valued at $31,778,000 after acquiring an additional 613,369 shares during the last quarter. Aviso Financial Inc. purchased a new position in shares of Lightspeed Commerce during the third quarter worth approximately $784,000. Finally, AMH Equity Ltd purchased a new position in shares of Lightspeed Commerce during the third quarter worth approximately $693,000. Institutional investors own 68.68% of the company’s stock.

Lightspeed Commerce Price Performance

Lightspeed Commerce stock opened at $8.74 on Friday. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of -1.89, a PEG ratio of 10.41 and a beta of 2.08. The company has a quick ratio of 4.44, a current ratio of 4.52 and a debt-to-equity ratio of 0.01. The business has a 50-day simple moving average of $9.68 and a 200 day simple moving average of $11.13. Lightspeed Commerce has a 52 week low of $7.34 and a 52 week high of $14.34.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.02. The firm had revenue of $312.35 million for the quarter, compared to analysts’ expectations of $311.28 million. Lightspeed Commerce had a positive return on equity of 0.37% and a negative net margin of 58.15%.The company’s revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.12 EPS. On average, research analysts forecast that Lightspeed Commerce will post 0.08 earnings per share for the current fiscal year.

Lightspeed Commerce Company Profile

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.