Lightspeed Commerce Inc. (NYSE:LSPD) Receives Consensus Recommendation of “Hold” from Brokerages

Lightspeed Commerce Inc. (NYSE:LSPD) has earned an average recommendation of “Hold” from the fifteen research firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $11.2692.

Several research firms have weighed in on LSPD. Bank of America started coverage on Lightspeed Commerce in a research report on Tuesday, May 19th. They issued an “underperform” rating and a $10.00 price objective on the stock. Benchmark decreased their target price on Lightspeed Commerce from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Truist Financial lowered their target price on Lightspeed Commerce from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Thursday, May 28th. BTIG Research cut their price target on shares of Lightspeed Commerce from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Finally, National Bank Financial decreased their price objective on shares of Lightspeed Commerce from $15.00 to $11.00 and set a “sector perform” rating for the company in a report on Wednesday, May 27th.

Lightspeed Commerce Price Performance

Shares of NYSE:LSPD opened at $10.79 on Friday. The company has a current ratio of 4.28, a quick ratio of 4.18 and a debt-to-equity ratio of 0.01. The stock’s fifty day simple moving average is $9.43 and its two-hundred day simple moving average is $9.91. Lightspeed Commerce has a 1-year low of $7.83 and a 1-year high of $14.34. The stock has a market cap of $1.49 billion, a PE ratio of -10.47, a price-to-earnings-growth ratio of 2.03 and a beta of 1.88.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings results on Thursday, May 21st. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). Lightspeed Commerce had a positive return on equity of 0.32% and a negative net margin of 11.77%.The firm had revenue of $290.80 million for the quarter, compared to analysts’ expectations of $282.87 million. The business’s revenue was up 14.8% compared to the same quarter last year. As a group, analysts forecast that Lightspeed Commerce will post 0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Lightspeed Commerce

Several institutional investors and hedge funds have recently bought and sold shares of the company. Pale Fire Capital SE purchased a new stake in shares of Lightspeed Commerce in the first quarter worth about $49,500,000. Artisan Partners Limited Partnership raised its position in Lightspeed Commerce by 17.5% during the fourth quarter. Artisan Partners Limited Partnership now owns 3,900,930 shares of the company’s stock valued at $47,066,000 after purchasing an additional 581,900 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Lightspeed Commerce by 28.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,752,669 shares of the company’s stock worth $31,778,000 after buying an additional 613,369 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Lightspeed Commerce by 64.4% in the 1st quarter. Royal Bank of Canada now owns 2,226,453 shares of the company’s stock worth $19,950,000 after acquiring an additional 872,131 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Lightspeed Commerce by 151.8% in 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. 68.68% of the stock is owned by institutional investors.

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.